Riyadh Air Joins Forces with Sutherland for Digital Finance Transformation

Riyadh Air's Strategic Partnership with Sutherland

Riyadh Air and Sutherland have announced an innovative partnership to establish a digital-first approach to finance operations for the airline. This collaboration aims to enhance operational efficiencies through cutting-edge technology, which marks a significant step towards Riyadh Air's goal of becoming a leading digital native airline.

Innovative Solutions for Financial Efficiency

Sutherland’s advanced solutions, particularly the Sutherland altra platform, will allow Riyadh Air to manage finance operations seamlessly. With a focus on optimizing sales-to-cash management, the integrated platform encompasses revenue accounting and accounts receivable management comprehensively. This ensures that the airline can operate smoothly while delivering exceptional service to its guests.

Riyadh Air's Vision for 2030

Founded in 2023, Riyadh Air has set ambitious goals for the future. The airline aims to fly to more than 100 destinations worldwide by the year 2030. This strategic vision aligns closely with Saudi Arabia's broader economic development plans, empowering the airline to play a crucial role in transforming the region's travel landscape.

Commitment to Digital Excellence

Adam Boukadida, the CFO of Riyadh Air, expressed excitement about the collaboration, highlighting the airline's commitment to being at the forefront of digital innovation in the industry. The implementation of Sutherland’s technology is a pivotal part of this strategy to innovate financial processes, enabling Riyadh Air to focus on enhancing customer experiences.

Revolutionizing Aviation Standards

With the implementation of Sutherland’s solutions, Riyadh Air is on a pathway to revolutionizing aviation practices, aimed at aligning with the Kingdom's Vision 2030. Sutherland’s robust infrastructure will help Riyadh Air navigate the competitive theater of the airline industry, capitalizing on growth as global travel trends rebound.

Advancements in Financial Technology

Built on a microservices-based architecture, the Sutherland altra platform is designed to provide deep insights into revenue streams. By moving away from legacy code, this technology empowers airlines to make timely, informed decisions about their finances. The modules for Revenue Accounting and Accounts Receivable are central to ensuring that Riyadh Air can manage its financial landscape effectively.

The Future of Global Travel

As the aviation sector anticipates significant growth, Riyadh Air stands ready to seize opportunities amidst transformative changes in the industry. The airline's proactive approach to adopting innovative financial technologies places it in an advantageous position, promising to enhance the travel experience while supporting economic diversification initiatives in the region.

About Riyadh Air

Riyadh Air is a pioneering full-service airline backed by the Public Investment Fund (PIF). This dynamic company is set to redefine travel through a digital-first strategy aimed at not only enhancing guest experiences but also adhering to global sustainability standards. With a fleet designed for comfort and technology, it aims to be a leader in the aviation sector.

About Sutherland

Sutherland has established itself as a leader in business and digital transformation solutions, presenting clients with tailored offerings across various industries, including travel. The company's expertise lies in advancing business processes and implementing technologies that drive substantial growth for its partners. Sutherland provides seamless service models that are integral to redefining operational success worldwide.

Frequently Asked Questions

What is the focus of the partnership between Riyadh Air and Sutherland?

The partnership aims to establish a digital-first approach to finance operations, enhancing operational efficiencies through intelligent automation.

When was Riyadh Air founded?

Riyadh Air was established in 2023, with plans to serve over 100 destinations by 2030.

How does Sutherland’s technology benefit Riyadh Air?

Sutherland's technology optimizes financial processes, enabling seamless sales-to-cash management and providing insights into revenues and receivables.

What does the future hold for global travel and Riyadh Air?

With a projected growth in the travel sector, Riyadh Air is well-positioned to thrive and contribute to the economic development of the region.

What are the core values of Riyadh Air as it develops?

Riyadh Air is committed to sustainability, safety, and delivering exceptional guest experiences, all underpinned by a focus on digital innovation.

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