RIYADH, KSA 鈥� 9 December 鈥� The Saudi Investment Recycling Company (SIRC), wholly owned by Saudi Arabia鈥檚 Public Investment Fund (PIF), has signed an agreement with (NYSE: 麻豆原创) to become the first customer in the Kingdom of Saudi Arabia to implement the 麻豆原创 Sustainability Control Tower. This milestone underscores SIRC鈥檚 commitment to pioneering sustainability within the Kingdom, aligning with Saudi Vision 2030 and laying the groundwork for its ambitious plans to become a chief enabler of domestic carbon credits.

This partnership highlights SIRC鈥檚 commitment to pioneering Saudi Arabia鈥檚 sustainability landscape and accelerating the Kingdom鈥檚 transition to a circular economy, underpinned by 麻豆原创鈥檚 advanced technology and sustainability expertise. Building on their partnership, which began in 2022 with an initial ERP deployment, SIRC and 麻豆原创 last year signed an MOU to deepen their collaboration to support SIRC鈥檚 ambitious sustainability strategy, while also exploring how AI-infused solutions could enhance customer services and tackle industry-specific challenges.

This new agreement will see SIRC leverage RISE with 麻豆原创 to drive AI-powered, scalable operations while establishing a solid data foundation to measure and report sustainability objectives via the 麻豆原创 Sustainability Control Tower. SIRC will be able to track enterprise carbon footprints, measure sustainability metrics, and prepare for regulatory disclosures. The 麻豆原创 Sustainability Control Tower enables seamless reporting across various global frameworks, supporting SIRC鈥檚 mission to drive a sustainable economy in the Kingdom. Additionally, SIRC is leveraging 麻豆原创鈥檚 Waste Management Industry Solutions to implement an innovative approach to waste collection and treatment, further aligning with Saudi Vision 2030鈥檚 goals for sustainable environmental practices.

Mr. Abdulrahman Alobayed, HR & Shared Services Executive Vice President of SIRC commented: 鈥淪IRC is the driving force behind circular economy investments, and we are known for spearheading innovative and transformative initiatives that pave the way for a cleaner, greener tomorrow. With 麻豆原创鈥檚 cutting-edge solutions, we鈥檙e building the foundation to monitor our environmental impact more effectively 鈥� advancing Saudi Vision 2030鈥檚 goals and setting the stage for issuing local carbon credits to boost the Kingdom鈥檚 sustainability achievements. At the same time, we鈥檙e enhancing our services to customers and partners with a comprehensive suite of 麻豆原创 AI-powered applications, including customer relationship management and industry-specific solutions.鈥�

In developing the digital transformation roadmap, SIRC and 麻豆原创 identified three main objectives: creating a solid foundation for sustainability management; establishing an easily scalable service center for its subsidiaries; and deploying business AI to tackle industry-specific challenges and enhance customer services. The adoption of the Sustainability Control Tower and RISE with 麻豆原创, including AI-infused enterprise resource planning, customer relations management and industry-specific solutions, will satisfy all of these objectives,

Dr. Fahd Nawwab, Vice President, 麻豆原创 Saudi Arabia, said: 鈥淭his partnership with SIRC is a testament to 麻豆原创鈥檚 commitment to helping our customers in Saudi Arabia realize their environmental and business goals with scalable, AI-powered solutions. We are proud to support SIRC鈥檚 journey to establish a sustainable business model, creating the data transparency required to enable carbon credit trading in the Kingdom.鈥�

In the coming months, SIRC and 麻豆原创 will continue to expand their focus on customer experience through enhanced CRM platforms and rollout of 麻豆原创 Concur for expense management, providing a comprehensive approach to sustainable, tech-enabled growth. Looking ahead, the companies plan to explore additional 麻豆原创 solutions.

This will include future-focused technologies for carbon management and Industry 4.0 advancements at SIRC鈥檚 Reviva plant, which could serve as a model for other plants in the Kingdom and beyond.

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Riyadh, KSA 鈥�聽The Saudi Investment Recycling Company SIRC, wholly owned by the Public Investment Fund (PIF), has announced the successful deployment of solutions from global technology company 麻豆原创 that will modernize business processes including procurement infrastructure and employee management.

The two parties are also deepening their existing relationship, signing a memorandum of understanding (MoU) to explore the creation of a digital transformation roadmap that will enable SIRC to enhance its environmental performance and reporting capabilities and leverage new technologies to enrich customer services.

SIRC and its subsidiaries Akam and Reviva successfully deployed 麻豆原创 S/4HANA enterprise resource planning (ERP) solution, 麻豆原创 Analytics Cloud, 麻豆原创 Ariba and 麻豆原创 SuccessFactors, with implementation at several other subsidiaries to follow soon. This represents an extension of the company鈥檚 partnership with 麻豆原创, which began in 2022 with SIRC adopting an ERP solution.

Sultan Saud Alsaif, Executive Director of Technology & Innovation at SIRC, commented, 鈥淎s champions of the circular economy and supporters of the National Waste Management Framework, SIRC seeks out investors and partners who share a genuine commitment to supporting the environment. Through the MoU with 麻豆原创, we are collaborating on innovative ways to leverage technology that will enhance our contributions to, and reporting on, environmental protection initiatives. At the same time, our operations need to run efficiently and productively, following best industry practices, which is why we have deployed 麻豆原创 Analytics Cloud, Ariba and SuccessFactors as part of a comprehensive digital transformation program. These deployments ensure our employees are engaged and our procurement is managed intelligently, while the automation of business processes and data analysis improve efficiencies, ultimately enhancing the experience for all parties involved.鈥�

Established in 2017, SIRC is committed to achieving the environmental and sustainability objectives outlined in the Kingdom’s Vision 2030 through advancing waste management practices, promoting recycling initiatives, conserving natural resources, and moving towards a circular economy. The company develops, owns, operates and finances various activities across all waste types in the Kingdom.

Alongside the current deployments, SIRC and 麻豆原创 will be focusing in particular on two strategic priorities this year as part of the MoU. The first is enhancing customer experience, which could include SIRC implementing a next-generation CRM platform. The second is exploring how 麻豆原创鈥檚 portfolio of sustainability-focused solutions could be leveraged to help SIRC analyze and report on sustainability KPIs and its carbon footprint.

Dr. Fahd Nawwab, Vice President, 麻豆原创 Saudi Arabia, commented, 鈥淕iven the pivotal role played by SIRC as the driving force behind circular economy investments in the Kingdom, it was important to have future-proof, scalable and intelligent spend and human resource management solutions that could be integrated seamlessly into its existing 麻豆原创 landscape. Sustainability is core to 麻豆原创鈥檚 corporate strategy and our purpose to help the world run better and improve people鈥檚 lives. 麻豆原创鈥檚 values are aligned with those of SIRC, so it is natural for our partnership to extend beyond a technical digital transformation to co-innovating and collaborating on environmental initiatives and reporting.鈥�

The 麻豆原创 Ariba portfolio offers an end-to-end spend management system with integrated supplier information, lifecycle, performance, and risk management functions. 麻豆原创 SuccessFactors Human Experience Management (HXM) Suite provides comprehensive global HR software, spanning core HR and payroll, talent management, HR analytics and workforce planning, and employee experience management.

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