Case Studies
Case Study (1)
Leading Telecom Company - Kingdom of Saudi Arabia
Digital Payment System Development and Bank Integration
Rikaz Consultancy redesigned the company’s payment cycle, transitioning it from slow, paper-based workflows to a fully digital, bank-integrated system that delivers speed, compliance, and financial transparency with high operational control.
Challenge
Dependence on lengthy manual procedures, multiple approval layers, and lack of direct banking integration, causing delays, errors, and weak financial oversight.
Approach
Process mapping, full redesign into an automated digital model with multi-level permissions, direct integration with banks, and structured staff training for smooth adoption.
Results
A 75% reduction in processing time, over 90% operational accuracy, and error rates below 2%. Supplier and management satisfaction increased significantly.
Case Study (2)
Contracting and Building Materials Group - Kingdom of Saudi Arabia
Full ERP Implementation with Financial and Tax Integration
Rikaz led a comprehensive institutional transformation for a multi-company group, shifting from fragmented systems to a unified ERP platform that ensures financial and tax compliance in line with IFRS standards.
Challenge
Lack of integration between sister companies, weak financial systems, non-compliance with international standards, internal resistance to change, and shortage of skilled digital-transformation talent.
Approach
Selecting a global ERP solution and completing implementation in six months, alongside full restructuring: unified policies, tax integration, and intensive training for sustained operations.
Results
Complete digital integration across companies, higher operational efficiency, stronger credibility with banks and financial auditors, and official recognition of the project as an institutional success story.
Case Study (3)
Holding Group with Companies in Contracting, Trade, Agriculture, Food, and Furnishing - Kingdom of Saudi Arabia
Centralized Liquidity Management System
Rikaz developed a centralized liquidity management system that enhanced cash-flow visibility, strengthened control, and unified financial planning across the group, enabling stability and surplus generation.
Challenge
Absence of unified liquidity oversight, low transparency in daily cash movements, recurring liquidity crises, and operational pressures from ongoing working-capital needs.
Approach
Building a central oversight system, introducing daily cash reports, real-time KPIs, financial forecasting scenarios, and a structured plan for cost optimization and debt restructuring.
Results
Actual financial stability, reduced operational expenses, restructured debts, and consistent surplus levels that empowered the group to pursue expansion confidently.
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