GEC NEWS WIRECloud-based applications enable UAE conglomerate to automate procurement and invoicing, supporting growth
At the recent Ariba Live event, Al-Futtaim discussed how it is leveraging the world’s business network to fuel an automated procure-to-pay process that delivers game-changing improvements.
The company tapped into the Ariba Network and the cloud-based applications for procurement and invoicing delivered on it
“We needed to gain better visibility into and control over our spend,” said Asad Zaidi, Director of Procurement and Performance Improvement, Automotive Division, Al-Futtaim. “Today, the company has a uniform and centralized process for purchasing goods and services across its operations. It has all but eliminated manual purchase orders, and the majority of its invoices are received and processed electronically.
Tim Minahan, Senior Vice President, Ariba, said “In leveraging Ariba’s business network and the cloud-based applications delivered on it, the company is driving new levels of efficiency that enhance its performance and the value it delivers to its customers.”
The new application is all set to enable suppliers to collaborate electronically on everything from sourcing and orders to invoicing and payment.
