The agreement signing was attended by Khalid Bin Kalban of Dubai Investments and Suresh Nanda of C1 India.
Recently, Dubai Investments has signed an agreement with C1 India for accelerating the firm’s procurement progression across its various businesses. As per the reports, the company is planning to initiate the implementation with its glass subsidiary —Emirates Float Glass (EFG) which manufactures float glass in architectural and automotive applications.
The company in a statement has said that C1 will upgrade its purchasing system, supplier performance tracking, optimization of workflow management, and reduction in data governance issues. This step is being considered as an innovative advance to unleash the ‘power of digital technology’ to transform processes in procurement.
Enhancing cost optimization and support transparency in procurement cycle by C1 services solutions improve the company’s performance and mitigate any procurement risks.
On the development, CEO and Vice Chairman of Dubai Investments —Khalid Bin Kalban, says, “Driven by digital capabilities, efficient procurement solutions today have fundamentally transformed organisations’ procurement function and brought significant bottom-line benefits to companies. We were looking for an automated centralised procurement system for our sourcing cycles with better mobility, stability, and improved performance.”
“During the assessment, we found C1’s procurement solution the best fit for our various business needs. We plan to expand the scope of the implementation across various businesses and benefit from process automation and end-to-end transparency of all transactions in the procurement cycle,” he adds.
“C1 is committed to long-term value creation based on trust, transparency, and business integrity. We have spent two decades working in this space and providing vital procurement solutions for the government and leading private & public sector organisations across the globe. We’re delighted to have Dubai Investments on board with us and are committed to their continued success. We look forward to a great professional relationship,” said Sanjay Puri, CEO of C1 India.
With a proven track record of secure and profitable investments with the UAE and Middle-East region, Dubai Investments is one of the largest investment company listed on Dubai’s Financial Market. Its association with best-in-class procurement service providers —C1 India, Dubai Investments is expected to benefit from this Agreement by significant cost reductions and increased efficiencies.
A global market leader in SaaS/On-premises procurement performance solutions, Suresh Nanda promoted C1 India is serving its clients across the industries for the past two decades.
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