Published On: Thu, Jan 16th, 2014

UBL and Tejari Pakistan Join Hands to Offer Procure 2 Payment Solution

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IT/Telecom (Pakistan News) UBL

IT/Telecom (Pakistan News)

United Bank Limited (UBL) and Tejari Pakistan have recently formed alliance in order to offer ‘Procure to Payment Solutions’, that meet sophisticated supply chain management needs of corporate organizations. Tejari is well known for sourcing procurement consulting through its top notch team of professionals. On the other hand United Bank Limited (UBL) is a financial giant in Pakistan which is has also good reputation in using latest technologies in the design and deployment of next generation solutions.

The combination of the 2 giants in their respective fields will lead to the offering of a P2P Application that ensures enforcement of the customers’ purchasing policy.

Mr. Aameer Karachiwalla, Chief Operating Officer, UBL seemed to be very optimistic, speaking on the occasion. According to him the integration of technology in their systems was a very vital step and ensured the use of machines rather than labor force. This would also help UBL to decrease its operating costs and will play a vital role in the approval and payment process.

On the other hand Mr. Murtaza Hashwani, Chairman & CEO – Zahdan Group applauded the recent liaison through his comments: “We at Tejari are proud to partner with UBL in offering an end-to-end Procure to Pay solution that will improve the organization’s efficiency and profitability, and help them integrate industry’s best practices within their sectors as Tejari is already catering to more than 60,000 Supply Chain Professionals worldwide”.

This application enables individual employees to select items from their respective preapproved catalogue and only raise a policy compliant purchase requisition.

Each purchase requisition is auto checked against available budget and based on the value and type of purchase either undergoes further approvals as per a pre-defined matrix or is converted into a purchase order and sent electronically to prelisted vendors. Where indicated, purchase requisitions are auto posted as a bid item inviting bids.

 

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