Riyadh Air, Sutherland to develop digitally native financial operations

Image: Riyadh Air

Riyadh Air has partnered with Sutherland, a global leader in digital transformation solutions, to build a fully digital-native finance operation.

Leveraging Sutherland’s altra, Riyadh Air aims to drive operational efficiencies and streamline its financial processes as it continues its growth journey.

The collaboration will enable Riyadh Air to optimise revenue accounting, accounts receivable, and revenue assurance processes, ensuring smooth sales-to-cash operations.

Agreement aligns with Riyadh Air’s aim to be a digitally native airline

This partnership supports Riyadh Air’s goal of becoming the world’s first fully digital airline as it prepares to expand to over 100 destinations by 2030.

Riyadh Air’s CFO, Adam Boukadida, emphasised the importance of this digital transformation, stating, “Adopting world-class technologies like Sutherland altra is crucial in supporting our digital customer offerings and growth ambitions.”

He added that the partnership will bolster the airline’s technological infrastructure, driving innovation in its financial operations.

Sutherland’s altra platform, which is built on open-source technology, provides a microservices-based architecture that allows airlines to gain deeper insights into their financial processes, making timely and informed decisions.

Banwari Agarwal, CEO of Travel, Transportation, Logistics, and Hospitality at Sutherland, expressed confidence in the partnership’s potential, saying, “Riyadh Air will unlock new levels of digital performance, driving measurable results.”

Khaled Alsaleh, SVP and MD of MENA at Sutherland, highlighted the alignment of the collaboration with Saudi Arabia’s Vision 2030 and the kingdom’s efforts to diversify its economy through transformative projects like King Salman Airport.