Dubai - Mubasher: Tejari/JAGGAER, the world’s leading independent spend management company, announced that it has entered a three-year strategic partnership with Dubai Islamic Bank (DIB) to help the bank become a leader in automating standard procurement processes and cycle-time reduction.

Through the partnership, Tejari/JAGGAER will support DIB to digitally transform their procurement processes via its JAGGAER ONE spend management platform, according to a press release.

This collaboration underpins DIB’s vision to be the most progressive Islamic financial institution in the world.

Obaid Al Shamsi, chief operating officer of DIB, said: “We are very proud of this strategic agreement with Tejari, a leading Spend Management Company and are confident that this tie-up will contribute a great deal in providing efficient and prudent procurement management solutions. Effective management and governance is an integral part of procurement in DIB and digital technology solutions will only enhance this further. We look forward to a solid partnership with Tejari.”

Abdulla Ali Al Janahi, chairman of the Tejari board of directors, said: “Tejari/JAGGAER is delighted to be working with an innovative customer like DIB, that understands the power of a digital transformation initiative. Procurement has become a critical driver for global competitiveness and cutting-edge technology like JAGGAER ONE will help provide visibility, control and governance across all levels of the organization steering strategic decision making and the flow of information.”