Procure to pay: UBL, Tejari join hands to offer solution

Integration of technology in our systems is vital for the progress of the bank, says Aameer Karachiwalla.

KARACHI: United Bank Limited (UBL) has signed an agreement with Tejari Pakistan to offer “Procure to Payment Solutions” that meet sophisticated supply chain management needs of corporate organisations. According to a press release, UBL and Tejari, which offers software and services, will pool their expertise to offer a P2P application that ensures enforcement of customers’ purchasing policy. UBL Chief Operating Officer Aameer Karachiwalla said, “Integration of technology in our systems is vital for the progress of the bank. This application will play a significant role in removing the need for human intervention in approval and payment process, hence ensuring cost savings, reduced business cycle, increased visibility of procurement spend and utmost transparency for stakeholders.” Zahdan Group Chairman Murtaza Hashwani commented: “We at Tejari are proud to partner with UBL in offering an end-to-end Procure to Pay solution that will improve the organisation’s efficiency and profitability.”

Published in The Express Tribune, January 14^th, 2014.

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