Unique business process payment platform contributes to the Kingdom's economy

A unique business process payment platform which contributes to the Kingdom's economy

'What started off as a simple payment process has integrated into an economic contributor of the Kingdom's core revenue. With 33 organisations and institutions onboard, SADAD, Saudi Arabian Monetary Agency's National electronic bill payment system now accepts over 80% of the Kingdom's payments electronically.

SADAD in essence is a process which was identified in the economic system as a significant contributor to national economy.

Today with payments routed via SADAD, we have been able to efficiently re-deploy funds in almost a tenth of the time, from 14-30 days to only 1 business day.

SAMA (Saudi Arabian Monetary Agency), has adopted the system as it's centralised electronic real time service which extends a high degree of security and confidentiality' said Nezar Al Mugren, a founder member of the SADAD team, who shall present at the 4th Middle East Business Process Management Summit.

'SADAD is an example of the efficiency and cost savings an organisation could generate by understanding it's processes and accelerating specific implementation processes which have a direct impact on the bottom line; strategies which will allow you to transform your organisation into a top-class performer.

The 4th Middle East Business Process Summit this year brings together organisations who share their implementation best practice and business excellence by presenting case studies and their experience in an interactive Summit.

You will also have the opportunity to confer with the industry's leading solution providers to choose the most applicable option for integrating automation with business process improvement and be able to explore examples of the regional obstacles which can hinder progress leading to failed implementation, thus learning how to avoid the pitfalls' said Raza Chevel, Conference Manager, IIR Middle East, organisers of the Summit, to be held in Dubai 18 -22 May 2008.