At a glance

FIS products

FIS Treasury and Risk Manager – Integrity Edition, FIS Swift Services

Objective

Streamline treasury operations to support growth, introduce true visibility and reduce inefficiencies with an agile, integrated platform.

Result

Optimized accuracy, visibility, efficiency and cost savings in cash management with automation across all treasury operations.

Impact

With Treasury and Risk Manager – Integrity Edition and Swift Services, Al Mulla Group:

• Improved cash flow visibility across more than 300 accounts
• Accelerated decision-making with real-time dashboards
• Saved substantial time on manual processes
• Drove engagement and accountability across business units
• Automated hedge book for improved accuracy and scalability
  
   

Other treasury challenges included:

• Manual bank statement downloads for over 300 accounts with multiple online credentials to manage.


• Limited visibility into cash balances, resulting in inefficient cash management and decision-making.


• Manual FX exposure management and bank reconciliation processes consumed significant treasury resources.


• Legacy methods for InterCo position tracking, credit facility monitoring and fund movement, leading to frequent delays and errors.


• AMG needed an integrated treasury management system that could connect data from four distinct ERP platforms.

The implementation focused on three areas:

• Pre-implementation groundwork: The project was strategically extended by three months to allow AMG to complete prerequisites such as Swift onboarding, bank readiness assessments and system integration preparation.


• Phased implementation: High-impact areas were prioritized, including automating bank statement feeds, FX deal processing and establishing a dedicated treasury account structure for efficiency gains.


• Change management: AMG employees participated in training to ease the transition to Integrity. A “train the trainer” approach empowered departmental champions to drive adoption across teams.

Results AMG achieved with FIS include:

• Cash visibility: Improved from 3-4 days to real-time, reducing average cash balances resulting in savings.


• Operational efficiency: Reduced manual reconciliation time from 15-20 hours per week to under four hours.


• Efficient FX management: Automated hedge book management improved the accuracy and scalability of AMG’s FX risk management processes.


• Leadership empowerment: Improved visibility with real-time insights, enabling more strategic decision-making.


• Cultural transformation: Drove engagement and accountability across business units, fostering a more collaborative approach to cash, FX and debt management.