Dublin, Ireland | September 12-14, 2022
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Tuesday, September 13 • 16:30 - 17:10
Saudi Aramco, Procure to Pay Eco-System - Ali Safri, Avanza Innovations & Abdullah M Askari, Saudi Aramco

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As the largest Oil & Gas and the most profitable company in the world, Saudi Aramco has complex procurement & payment processes. Contracting, delivery & payment processes with hundreds of suppliers across thousands of services & orders is tedious and entangled with heaps of documentary proofs, verification reports, third party evaluations & a barrage of internal checks & controls. Despite investing in some of the best ERP technologies, Saudi Aramco & it’s suppliers face a multitude of challenges, delays & even disputes in procurement & payment cycles. Avanza helped Aramco address these age-old challenges, discrepancies & in-efficiencies by developing a HLF Based Procure to Pay platform. Deployed on IBM’s IBP, the Platform helps streamline & automate entire delivery related documentation & verifications in real time, thereby bringing huge efficiencies to the overall invoice verification & payment processes. Tightly coupled with complex contract terms, platform is a self-regulating network that enables Aramco’s suppliers & internal departments to agree on all aspects of services, goods delivered & associated payments. Platform was launched in Aug 21 & is rolled out to 13 suppliers.

avatar for Ali Safri

Ali Safri

CTO, Avanza Innovations
Ali Safri is an expert technologist with 20+ years of industry experience in enabling financial, oil and gas, governments and private sector to realize value using innovative technology solutions including blockchain and Artificial intelligence. Ali heads the technology wing of Avanza... Read More →
avatar for Abdullah M AlAskari

Abdullah M AlAskari

IT Systems Analyst, Saudi Aramco
Abdullah AlAskari is an IT Systems Analyst with 15 years of experience working for Saudi Aramco. Abdullah specialized in designing, implementing, and supporting Hydrocarbon Management financial applications using SAP. After shifting to Blockchain world in 2019, Abdullah started working... Read More →

Tuesday September 13, 2022 16:30 - 17:10 IST
Wicklow Hall 1