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 SAP that will modernise business processes including procurement infrastructure and employee management.
The two parties are 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 SAP S4HANA enterprise resource planning, ERP solution, SAP Analytics Cloud, SAP Ariba and SAP SuccessFactors, with implementation at several other subsidiaries to follow soon. This represents an extension of the company’s partnership with SAP, which began in 2022 with SIRC adopting an ERP solution.
Established in 2017, SIRC is committed to achieving the environmental and sustainability objectives outlined in the Saudi Arabia’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 Saudi Arabia.
Alongside the current deployments, SIRC and SAP 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 SAP’s portfolio of sustainability-focused solutions could be leveraged to help SIRC analyse and report on sustainability KPIs and its carbon footprint.
The SAP Ariba portfolio offers an end-to-end spend management system with integrated supplier information, lifecycle, performance, and risk management functions. SAP 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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