Mashreq will implement Oracle’s Transaction Banking platform to provide solutions for digital banking, payments, trade finance, liquidity management and virtual accounts. The platform will allow Mashreq to respond more efficiently to the region’s need for funding for local businesses and capital diversification. Oracle and Saudi Arabia’s Agricultural Development Fund (ADF) also partnered to automate the ADF’s core finance, procurement, and HR functions with Oracle Fusion Cloud Applications Suite. This aims to improve ADF’s data integration across the organization, reduce operational costs, and develop a secure IT infrastructure to expand and innovate services.
The expected results of this implementation are mobile access to real-time field operation data available to ADF’s leadership which will be imperative to enhancing decision making and efficiency. The ADF is on a unique mission that is vital for sustainable agricultural development in Saudi Arabia. With its pervasive Artificial Intelligence capabilities, a modern user experience and continuous innovation, Oracle Fusion Cloud Applications are best suited to help ADF achieve its strategic objectives.