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Leveraging Technology to Drive Treasury Transformation at Alhokair

From a new TMS to a complete digitisation of their treasury function, discover how leading Saudi Arabian retailer Alhokair transformed their treasury to achieve more effective domestic and international operations.

Key Points

  • The Saudi-Arabian Alhokair Group decided in 2015 to upgrade its treasury function to serve both its domestic and international operations more effectively, initially to manage trade finance
  • A new TMS was needed to provide a single solution to support cash, liquidity, financing, investment and risk management across the Group
  • Treasury Xpress’s C2Treasury solution, which is cloud-based, was chosen, with a phased approach to implementation, rolling out a module at a time
  • The author describes the wide-ranging benefits of the move from a manual to a digital treasury, which was a major cultural shift



Written by

Ziad El Khoury

Alhokair

Financial Technology Series (49 articles)

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