Case Study: Zahid Tractor (Zahid Group) reduces idle cash 50% and boosts investment revenue 53% with Kyriba

Zahid Tractor Optimizes Visibility & Investment of Cash Leading to a 50% Drop in Idle Funds

Zahid Tractor, a flagship company of the Zahid Group with a long-standing partnership with Caterpillar in Saudi Arabia, struggled with fragmented, paper-based treasury processes and spreadsheets. After an initial TMS review in 2013 and a restart in 2015 when their ERP fell short on payments processing, bank reconciliation and transaction security, the company sought a modern treasury solution to centralize cash visibility and control.

Zahid selected Kyriba’s cloud TMS for its integrated bank connectivity, strong security and lower upfront costs; the on-time, on-budget implementation now supports cash management, forecasting, deal capture and payments with 24/7 support. The result: a 50% reduction in idle cash at subsidiaries, a 53% increase in revenue from more efficient short-term investments (about a 1% return on deposits), stronger segregation of duties, lower borrowing costs and faster, more reliable reporting—plans are underway to integrate Kyriba with the ERP and expand across the Zahid Group.

Zahid Group

Nadeem Ahmed

Financial Controller