Holdal Achieves Bank Account Management with TreasuryXpress’ C2Treasury

New York - 3 November 2016

Retailer Leverages On-Demand Treasury Management Solution to Automate Cash Management Processes

TreasuryXpress, the global leader in frictionless and on-demand treasury management solutions today announced that Holdal, a leading retailer in the MENA region, has selected the firm’s enterprise treasury management solution, C2Treasury, to help automate bank account management and streamline cash management processes with their ERP system.

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

A major selection criterion for Holdal was C2Treasury’s ability to effectively and economically integrate with its new ERP system; thereby, eliminating reliance on manual bank account management processes and reporting.

“As a leader in their industry, we are pleased that Holdal has selected C2Treasury to help automate their integrated treasury operations,” Anis Rahal, CEO and founder of TreasuryXpress. “At TreasuryXpress, we believe that true innovation comes from the ability to make technology highly cooperative with key business technologies such as ERPs. As businesses such as Holdal continue to grow, ease of integration between financial solutions becomes more critical to ensuring the economic and scalable management of treasury.”

Committed to removing friction from the treasury management solution experience for treasurers globally, C2Treasury is delivered by client’s choice of deployment and is accessible to clients within hours of contract signing.  

TreasuryXpress, a global FinTech provider, was created with one simple aim – to give all companies powerful, cost-effective, and easy-to-implement Treasury Management capabilities that empower them to be able to work smarter!  

At TreasuryXpress, we specialize in delivering innovative solutions that work for treasury – making it easy to achieve 100% bank visibility, consolidate cash information, manage end-to-end payment processing, and distribute useful and critical reports to all internal stakeholders automatically and efficiently. 

Our solutions centralize more than 10,000 bank accounts daily and process electronic payments for over 7 billion USD each year.  Our rapid time-to-market and diverse hosting options make it easy for treasuries to do business with us.  From solution development to delivery and service, our teams actively engage with customers regularly and proactively. 

HOLDAL’s proud roots were firmly planted in 1947, when Georges Abou Adal established his first company, Georges Abou Adal & Cie. The business consisted of the import and distribution of watches and pharmaceuticals in Lebanon and in Syria.  Today, HOLDAL s.a.l. not only boasts a distinguished portfolio of brands, but also a dedicated staff of 590 highly experienced professionals. The Company is recognized for its strong and established network of distribution and retail, its market, manufacturing and services knowledge.

In 2014, and for the 2nd consecutive year, Holdal Group was featured in Forbes Middle East list of Top 100 private companies making an impact in the Arab world.