Aregon's Global solution

After a successful pilot scheme at the Arab Banking Corporation’s head office in Bahrain, e-business solution’s provider Aregon’s e-procurement solution is now likely be adopted by the bank globally.

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By  Paul Barthram Published  April 10, 2003

Following completion of a successful pilot scheme at the Arab Banking Corporation’s head office in Bahrain, e-business solution’s provider Aregon’s e-procurement solution is now likely be adopted by the bank globally.

The e-procurement solution—which has gone live to 100 users—, will allow the Arab Banking Corporation (ABC) to streamline its purchasing process through an automated system that combines technology with procurement best practices.

ABC employees can now purchase goods online in categories such as office supplies, pre-printed material, desktop PCs, notebooks, printers and other accessories.

Hazem Malhas, CEO of Aregon said the company would deliver a cost effective service to ABC. “As a leader in the region’s banking sector, ABC understands the value of tapping into innovative solutions that deliver significant value and support the bank’s business objectives. By more effectively managing the procurement process, ABC will generate palpable savings that will positively impact its bottom line.”

The system will also allow a greater visibility for ABC management to monitor exactly what the company is buying and eliminate any unnecessary paperwork.

The scheme, in alliance with PricewaterhouseCooper’s Consulting (PwC) is the third such e-procurement project the two companies have worked on, having also implemented solutions for Consolidated Contractors Company (CCC) and Saudi Oger in 2002.

“The very positive results that ABC, Aregon and PwC Consulting have so far been able to achieve together are a testament to the effectiveness of our combined solutions and services,” said Nasser Massoud, director of management consulting services.

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