Qawafel Company, a B2B marketplace that specializes in linking wholesalers and points of sale in the confectionery sector in the Kingdom of Saudi Arabia, announced that it had signed a strategic agreement with Rewaa Company, one of the leading providers of cloud software that serves the retail sector.
The agreement was signed to provide point-of-sale, inventory, and payment systems to Qawafel customers and link them with suppliers through Qawafel Market. The primary purpose of this agreement is to facilitate the selling process through multiple channels through one tool.
Under this agreement, Rewaa Company will provide sales systems and the attached systems in line with the requirements of the Zakat and Income Authority for the next stage. In addition to the many advantages that the system provides for inventory management and financial flow. The agreement also improves the mechanism for selecting products and helps raise sales based on the stores' information to keep track of the most demanded products in the market.
This agreement will provide more options for linking purchase orders to inventory; To efficiently address any shortage, analyze data by managing and reviewing purchases.
As the supplier market, Qawafel was keen to develop payment operations and achieve an integrated plan to support suppliers and customers in its market. The agreement included the provision of postpaid solutions to points of sale, linking postpaid payment with loyalty packages, and their access to benefits and discounts, which would enable them to enhance the promotion of their products.
Turki Al-Ayyad, CEO of Qawafel, said: From the beginning, Qawafel has been seeking to upgrade the wholesale sector in the Kingdom of Saudi Arabia by understanding the behavior of all parties to the wholesale market and offering technical solutions that suit them.
Today, the agreement comes with Rewaa, which specializes in developing platforms for inventory management and sales, in translating the vision of convoys from the beginning into a reality that achieves gains for all and imposes new standards in the wholesale sector in Saudi Arabia. He added: "These efforts also align with the Kingdom's Vision 2030, which aims to support local production by supporting digital platforms, smart logistics solutions, and modern e-commerce technologies."
Part, the COO of Rewaa Abdullah AlJadhai said: "Rewaa is proud to serve thousands of companies in the retail sector and is looking forward to a productive partnership with Qawafel. By providing points of sale and inventory management for Qawafel customers, and enabling them to connect Rewaa with Qawafel, enabling them to manage their operations with high efficiency."