Riyadh Air has partnered with Sutherland to enhance its financial operations through advanced digital solutions. This collaboration aims to streamline the airline’s financial processes, ensuring operational efficiency and seamless sales-to-cash management. Sutherland’s state-of-the-art platform, Sutherland altra®, will play a crucial role in this transformation, supporting Riyadh Air’s goal to become the world’s first digital-native airline. The partnership is a significant step towards achieving Saudi Arabia’s Vision 2030, which focuses on economic diversification and technological innovation.
Enhancing Financial Efficiency
Riyadh Air’s partnership with Sutherland is set to revolutionize its financial operations. Sutherland altra®, a future-ready platform, will enable the airline to drive operational efficiencies and ensure seamless sales-to-cash management. The platform integrates revenue accounting, accounts receivable, and comprehensive revenue assurance services, providing a holistic approach to financial management.
The adoption of Sutherland altra® will allow Riyadh Air to optimize its financial processes, reducing manual interventions and enhancing accuracy. The platform’s microservices-based architecture delivers deep insights into revenues and receivables, empowering the airline to make informed, timely decisions. This digital-first approach aligns with Riyadh Air’s mission to deliver a superior customer experience through technological innovation.
Adam Boukadida, CFO of Riyadh Air, emphasized the importance of this partnership, stating, “Adopting world-class technologies, such as Sutherland altra®, to optimize our financial processes underscores our shared commitment to innovation and excellence. We have a laser focus on our digital customer offering, and this partnership with Sutherland will strongly support us with critical technological infrastructure to deliver on this promise”.
Supporting Vision 2030
The collaboration between Riyadh Air and Sutherland is a pivotal step in supporting Saudi Arabia’s Vision 2030. This ambitious initiative aims to diversify the Kingdom’s economy and reduce its dependence on oil revenues. By leveraging cutting-edge technologies, Riyadh Air is positioning itself as a leader in the aviation industry, contributing to the broader goals of economic diversification and technological advancement.
Sutherland’s solutions will empower Riyadh Air to unlock new levels of digital performance, driving measurable results. The partnership is expected to enhance the airline’s operational efficiency, enabling it to compete effectively in the global market. As Riyadh Air expands its operations to over 100 domestic and global destinations by 2030, the integration of advanced financial solutions will be crucial in supporting its growth objectives.
Banwari Agarwal, CEO of Travel, Transportation, Logistics, and Hospitality at Sutherland, expressed confidence in the partnership, stating, “We are excited to empower Riyadh Air with the technology foundation essential for achieving its ambitious growth objectives. By leveraging Sutherland altra®, Riyadh Air will unlock new levels of digital performance, driving measurable results”.
Future Prospects and Innovations
Looking ahead, the partnership between Riyadh Air and Sutherland holds significant promise for the future. The integration of Sutherland altra® will not only enhance financial operations but also pave the way for further innovations in the airline industry. Riyadh Air’s commitment to becoming a digital-native airline sets a new standard for the industry, emphasizing the importance of technological adoption and innovation.
The successful implementation of Sutherland’s solutions will serve as a model for other airlines looking to modernize their financial operations. By demonstrating the benefits of digital transformation, Riyadh Air can inspire other industry players to adopt similar approaches, driving overall industry growth and development.
In conclusion, the partnership between Riyadh Air and Sutherland represents a significant milestone in the airline’s journey towards becoming a digital-native carrier. By leveraging advanced financial solutions, Riyadh Air is poised to achieve its ambitious growth objectives and contribute to Saudi Arabia’s Vision 2030. This collaboration underscores the importance of technological innovation in driving operational efficiency and enhancing customer experience.
