Tejari/JAGGAER, the world’s leading independent spend management company, has announced a three-year partnership with Dubai Islamic Bank to help digitally transform their procurement processes with the JAGGAER ONE spend management platform.
Dubai Islamic Bank is actively working to stay true to its vision of being the most progressive Islamic financial institution in the world and convert its aspirations of being a digitally intelligent bank into reality with a suite of fantastic digitally enabled products and services to unfold in the near future.
This partnership is a testament to the innovation that lies in the bank’s DNA and will help achieve greater efficiency and, most importantly, savings.
The innovative smart management solution will help DIB lead in automating standard procurement processes and cycle-time reduction.
Commenting on the partnership, Obaid Al Shamsi, Chief Operating Officer of Dubai Islamic Bank, said:
“We are very proud of this strategic agreement with Tejari, a leading Spend Management Company and are confident that this tie-up will contribute a great deal in providing efficient and prudent procurement management solutions. Effective management and governance is an integral part of procurement in DIB and digital technology solutions will only enhance this further. We look forward to a solid partnership with Tejari.”
“Tejari/JAGGAER is delighted to be working with an innovative customer like Dubai Islamic Bank, that understands the power of a digital transformation initiative,” said Abdulla Ali Al Janahi, Chairman of the Tejari Board of Directors.
“Procurement has become a critical driver for global competitiveness and cutting-edge technology like JAGGAER ONE will help provide visibility, control and governance across all levels of the organization steering strategic decision making and the flow of information,” he adds.
Tejari operates as an integral part of the JAGGAER company with an exclusive focus on the Middle East and North Africa, with over 2000 customers connected to a network of 4 million suppliers in 70 countries, served by offices located in the Americas, APAC, Asia and EMEA.
JAGGAER offers complete SaaS-based Source to Pay eProcurement solutions with advanced Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Savings Tracking, and intelligent workflow capabilities all on a single platform, JAGGAER ONE.
JAGGAER has pioneered spend solutions for over two decades and continues to lead the innovation curve by listening to customers and stakeholders in all industry sectors, public services and academia. Additionally, JAGGAER holds 37 patents–more than any other spend management company.
Source Globe Newswire