The deputy Minister of Finance for Strategy and Institutional Excellence and Head of the Vision Realization Office, Eng. Khaled Almahasin, participated on Wednesday, December 13, 2023, in a session entitled “Operational Excellence in the Financial Sector" as part of the Second Operational Excellence Conference. The conference, organized by the Saudi Water Authority under the theme “Towards Creating Value to All Stakeholders," was attended by a distinguished group of leaders, experts, and specialists.
The session featured the participation of: Deputy Minister For Policies and Economic Planning at Ministry of Economy and Planning, Mr. Rakan Al-Sheikh; Vice Governor for Strategy and Trade Facilitation at the Zakat, Tax, and Customs Authority, Eng. Abdullah Al-Funtukh; Executive Vice President of Strategy and Institutional Excellence at EXPRO, Eng. Riyadh Almohawes; and Executive Vice President for Strategy and Enterprise Excellence at the National Center for Government Resource Systems, Mohammed Almousa. The session was moderated by Mr. Nawaf Al-Zaid, Advisor and Financial Sector Communication Expert.
During the session, Eng. Almahasin emphasized that the Ministry of Finance aims to continuously improve its operational processes to enhance productivity and efficiency. This includes evaluating current workflows, identifying weaknesses, and implementing streamlined procedures to optimize resource use and reduce execution times.
He highlighted that the Ministry recognizes the importance of leveraging technology to enhance operational excellence. This includes adopting advanced digital tools and systems to automate manual processes, improve data accuracy and accessibility, and enhance overall efficiency and effectiveness. He also pointed out that operational excellence at the Ministry of Finance involves strengthening strong relationships with stakeholders, including government entities and financial institutions, through effective communication, collaboration, and coordination to ensure smooth operations, timely information sharing, and alignment of objectives.