JAGGAER facilitated a 20 percent reduction in overall cost on a sourcing event for Bank Muscat. Using JAGGAER’s sourcing solution, Bank Muscat has streamlined its asset spend for a positive impact on the bank’s bottom line.
“Financial technology is changing the future of banking and Bank Muscat has seamlessly progressed from traditional to innovative digital banking to enhance our customer experiences, reengineer operations and achieve growth,” Al Aufi group deputy general manager – projects and infrastructure at Bank Muscat said.
The partnership began over four years ago when Bank Muscat sought a viable solution to meet its sourcing needs – a fully automated strategic procurement platform capable of enhancing market access with an easy-to-use interface. The bank has reported continued success performing dynamic real-time negotiations through JAGGAER’s sourcing platform in a completely secure and transparent manner.