PHOTO
Eltizam Asset Management Group, one of the leading physical asset management companies in the UAE, has successfully rolled out the next-generation end-to-end procurement solution SAP Ariba as part of its intensified and wide-ranging automation, operational efficiency and digital transformation efforts. The deployment of the highly accessible cloud-based solution is seen to modernize and take to the next level Eltizam’s core procurement and finance processes and operations.
Eltizam’s selection of SAP Ariba was based on the platform’s reliability, industry stature and track record. The company joins an astounding network of 2.7 million companies and 1.4 million users worldwide that have been utilizing and enjoying the benefits of the system to date.
By transitioning to SAP Ariba, the Group can better manage, evaluate, and approve all proposals submitted by vendors or suppliers across various locations. This leads to direct and enhanced engagement between Eltizam and its target suppliers and solution providers, as well as redefined and more streamlined communication and collaboration mechanisms. Further, the technology is equipped with advanced features designed to revolutionize and level up the performance of the organization’s supply-chain flow and management for greater overall supplier, buyer, and user experience.
SAP Ariba also provides real-time analytics to help Eltizam and its subsidiaries arrive at more informed decisions. Given the system’s design and structure, SAP Ariba will enable Eltizam to strategically prepare for future development and integration of its processes with the Internet of Things (IoT), blockchain, artificial intelligence (AI), and machine learning (ML).
“Our intention of implementing SAP Ariba is to keep up with the digital transformation and reach to international vendors as we continue to expand as a company. Adoption of technology is an important part of our mission as a business organization as technology is one of the six important pillars of our company’s culture, which we call ‘Get Wonky.’ This latest development shows that we are not slowing down in our efforts to harness the power of relevant technological innovations to create amazing opportunities for success,” said Chris Roberts, CEO, Eltizam.
SAP Ariba, the world’s largest B2B trading platform, was implemented across Eltizam’s business units by its subsidiary, Tamouh Integrated Business Services (TIBS), which operates across the UAE and MENA region. Seeking to accelerate business transactions and promote seamless procurement transactions, TIBS provides its clients with specialized business solutions, with emphasis on system automation and process efficiency.
Its deployment followed TIBS’ rollout of the intelligent enterprise resource planning (ERP) system SAP S/4HANA, which has improved Eltizam’s finance, human resources and procurement operations.
Mansoor Khan, TIBS Group, IT Director, said: “Companies build their operations around ERP systems. Following the implementation of S/4 HANA in January, SAP Ariba will now transform the end-to-end operations of the clients’ businesses by enabling intelligent digital procure-to-pay solution. It will allow clients to respond to new customer demands and enable a digital roadmap increasing efficiency and delivering savings to their clients in the procure-to-pay business process.”
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
