defending digital logistics and Fintech solutions
Tabadul, the Saudi electronic information exchange company, continues to make great strides in supporting the fintech logistics and services sector, offering scalable and innovative technology solutions through an integrated smart digital ecosystem that spans all supply chain stages and serves the government and commercial sectors. . Tabadul has become a key contributor to achieving national goals related to improving and developing the business environment and increasing operational efficiency and reliability of services. Tabadul is also contributing to the digital transformation goals set out by Saudi Vision 2030 by accelerating the digitalization needed to achieve business sustainability and adopting proactive approaches during COVID 19.
Tabadul has implemented a secure system of back-end services to ensure business continuity in coordination with its partners in government and commercial sectors. He has also supported the industry by designing, deploying and operating electronic payment systems and electronic invoicing services and standardizing their procedures, in addition to forging partnerships and agreements with large entities and offering consultancy services to government entities and the private sector regarding logistics transactions and fintech solutions.
In this regard, Hesham Alnasser, Sales and Marketing Director of Tabadul, said, “Logistics automation has become the backbone of logistics industry services. We are focused on building the infrastructure necessary to strengthen our capabilities to drive the transformation of digital logistics in the Kingdom and the region. Inspired by the vision of our wise leadership and the National Industrial Development and Logistics Program (NIDLP), launched by HRH Crown Prince Mohammad bin Salman, we are committed to providing cutting-edge solutions and innovative services to support the industry. logistics and help improve the Kingdom’s position in the World Bank’s Logistics Performance Index and Cross-Border Trade Indicator.
Seeking to increase the operational efficiency of the Kingdom’s ports and to improve and expedite the management and clearance of shipments, Tabadul has adopted the Truck Management System (TMS) project, a key contributor to the NIDLP.
The new project lays the foundation for regulating port capacity using bespoke technologies to schedule appointments, monitor and manage the movement of trucks and link all relevant government agencies and stakeholders as required. This has helped reduce congestion and procedures for entry and exit of trucks in ports, in addition to tracking and managing the movement of the truck fleet and organizing the work of carriers.
At the same time, Tabadul supports companies in the logistics sector with innovative financial services that complement its logistics solutions. It recently launched “Wthaq”, the first of its kind digital platform to automate bank guarantees in Saudi Arabia and the region. The digital platform allows users to verify bank guarantees and issue them electronically through Saudi banks. Users can also check the validity and duration of bank guarantees through the platform, thus renewing, modifying or canceling them.
With the acceleration of digital transformation in the Kingdom, Tabadul is preparing for further growth by joining coordinated action with various public and private sector partners, aspiring to become one of the leading logistics and fintech service providers in the region. and beyond.
The Saudi Electronic Information Exchange Company (Tabadul), established by royal decree to assist in the digital transformation of the logistics and business sectors. The company’s primary task is to develop secure technology solutions that facilitate international trade by promoting efficiency and transparency while improving operational performance to support the region’s economic aspirations and move towards large-scale development.