Treasury Management Internation Logo

Group Fawaz A. Alhokair & Co. establishes treasury STP with TreasuryXpress

  • Retail giant streamlines treasury, banking, and payments in the Cloud

New York, NY – TreasuryXpress, the global leader in frictionless and on-demand treasury management solutions today announced that Group Fawaz A. Alhokair & Co (FAH), the largest franchise fashion retailer in the KSA, MENA, Central Asia, and Caucasus regions, has selected the firm’s enterprise treasury management solution, C2Treasury™. After an intensive RFP process, C2Treasury was selected by FAH to help achieve deeply integrated straight-through processing with the firm’s multiple ERP systems. The retail company will now establish real-time bank communications and centralize cash visibility.

Established in 1991, FAH currently represents 116 fashion brands including Aldo, Banana Republic, Clarks, Marks & Spencer and more. FAH trades in more than 2,100 stores across 100 shopping malls in 17 countries. The breadth of their business translates into complex bank communications, cash visibility, and reporting requirements.

“My goal was to implement one software across all of our international businesses. From cash visibility to centralized bank reconciliation and reporting, I wanted a treasury management system that could communicate with my ERPs, my banks, and my market data providers,” says Ziad El Khoury, Treasury Director at FAH. “I will now be able to do this with TreasuryXpress. With a higher developer-to-sales ratio than any other TMS provider in the space, they are truly committed to making technology that works for treasury. I know they are focused on supporting our growing business at scale.”

“Treasury is witnessing an evolution. Today, treasury technology needs to be highly cooperative with other platforms – quickly. Long, drawn out custom integrations are just not acceptable. Leveraging current Cloud technology, we have structured TreasuryXpress to be nimble and fully responsive to the needs of growing businesses,” say Anis Rahal, CEO and Founder of TreasuryXpress. “FAH is setting the standard for other retail treasuries to streamline their technology infrastructure and we are honored they have chosen us as their partner for treasury innovation.”

C2Treasury provides companies of any size access to enterprise-level cash visibility, liquidity management, bank connectivity, payments workflow, and self-service custom reporting capabilities.

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...


HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...


The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...


HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....


Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...


HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...


Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...


Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...


Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...


Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...