NEOM, a fast-growing organisation with a startup-like culture but at a massive scale, faced a unique challenge in implementing its treasury system.
Unlike traditional corporations with established financial infrastructure, it had to build processes from scratch. The pressure was immense—integrating with existing infrastructure, aligning with internal stakeholders, and managing billions in investments and thousands of employees.
Rather than focusing solely on the technical side, we prioritised business needs. We analysed processes, recognised patterns, identified bottlenecks, and provided a candid opinion on where SAP and other systems would create the most value. Strong project management, frequent communication, and cross-team collaboration were critical. By engaging the right people and teams, we ensured our Treasury management solution aligned with NEOM’s architecture while adapting to its fast-evolving operations.
NEOM now has full visibility into cash balances, liquidity forecasting, and debt management. The integrated Treasury management solution streamlines hedging, trading, and treasury operations. Automation increased data transparency, reduced errors, and improved efficiency. Integrating with Bloomberg and the SWIFT network enabled faster and cheaper transaction execution, giving NEOM access to a much broader financial market beyond individual banks. As a result, NEOM now has a scalable, future-proof solution that enables them to manage their financial operations with confidence and ease.