Aswaaq’s vision to be benchmarked as a world-class retailer in the region, has become closer to their grasp as they pursue digital transformation in Supply Chain document exchange and Accounts Payable automation – in collaboration with Infinite IT Solutions.
The company’s solid advocacy in modernization has led the fast-growing retail company to implement the Infinite B2B Suite: a web-based supplier management portal to seamlessly operate business transactions and build better relationships with its suppliers by smooth daily operations.
The platform allows paperless workflows in the supply chain, wherein all documents involving processing orders (e.g., PO’s, dispatch advices, return notices, invoices, credit notes, master) are made, accessed, updated, verified and processed digitally in one dedicated portal for Aswaaq and its suppliers. The initiative eliminates the tedious and error-prone methods of manually reconsolidating invoices and fully automating the accounts payable process. Thus, diminishing operational costs and accelerating workflow between all parties. Moreover, this transformative move of becoming a data-driven organization, will be an avenue for smarter business decisions and touchless communications.
Having garnered numerous awards over the past few years – more will surely be added to company’s list of accolades and recognitions in the retail industry now that they have amplified their efforts through automation and digitalization.
Aswaaq Retail LLC is known in the region to adopt the best in Industry practices, and the decision to implement paperless invoicing surely puts them ahead amongst the other retailers in achieving the UAE government’s vision of a paperless economy:
We have launched the ‘100% Paperless’ Stamp initiative as part of the ‘Government Development Track’ – one of the six tracks announced by the Dubai Council, which was inaugurated at the beginning of 2020 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai.
The ‘Stamp’ is awarded to government entities that have fully implemented the Dubai Paperless Strategy as a symbol reflecting their complete transition into entities that offer digital, paperless services. The initiative recognises entities that made outstanding efforts to implement the strategy, offering their services via fully digital mediums backed by an efficient internal digital infrastructure.
Source – https://www.smartdubai.ae/initiatives/paperless