Saudi Aramco, Odoo sign MoU to accelerate digital transformation of SMEs

By Arya M Nair, Intern Reporter
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Aramco steam cracker plant in South Korea
Representational image

Aramco, the Saudi National oil company, has signed a Memorandum of Understanding (MoU) with Odoo, an open-source Enterprise resource planning (ERP) system, to boost the growth of small and medium-sized businesses in Saudi Arabia.

The strategic collaboration between Odoo and Aramco outlines the long-term goals between the two companies in line with Saudi Arabia’s Vision 2030. SMEs are among the most significant drivers of economic growth and an important area of focus of the Saudi Vision 2030, they create jobs and encourage innovation.

In Saudi Government’s aim to enhance access to digital tools and financial funding for SMEs, Odoo has been selected as the technology partner that would bring affordable software to Aramco’s customers in line with the Taleed program.

Pavitra Singh_Aramco signs MoU with Odoo
Pavitra Singh
MD – Odoo middle east

“We are delighted to start our fruitful collaboration with Aramco to leverage our mutual strength and further accelerate the digital transformation of small and medium businesses in Saudi Arabia. Digital transformation is more important than ever and Odoo with its fully integrated and intuitive software is a perfect choice for every business that wants to benefit from it in the most effortless way possible.”

Odoo, which offers a full suite of business applications including CRM, accounting, inventory, and other software for more efficient work, will provide digital transformation services and support small and large companies growth.

Using Odoo will allow businesses to move from time and cost-consuming operations to more efficient ones. The workflows will become precisely set while communication channels get unified and clear. Additionally, using one platform instead of individual applications from different software providers will allow organizations to simplify their data collection, generate accurate reporting, and produce targeted decisions. The solutions that Odoo offers to SMEs will allow them to increase revenue, cut costs, innovate and enhance their business as a whole.

Related: Aramco & IBM plan to set up innovation hub in Saudi Arabia


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