At Nqoodlet, our mission is to revolutionize financial operations for businesses by providing innovative fintech solutions. We take pride in our ability to help companies streamline their processes, save time, and enhance their financial management.
One of our top clients, Quant, a leading provider of innovative data analytics, business intelligence, and AI solutions in the Kingdom, faced significant challenges in their financial operations. This case study explores how Quant partnered with Nqoodlet to overcome these challenges and achieve remarkable results.
Challenge
Before using Nqoodlet, Quant faced several hurdles in their financial operations:
- Manual financial processes that were time-consuming and prone to errors, involving the use of personal cards from the executives, petty cash or restrictive bank card.
- There was a need to view transactions from each user without employees having to provide statements.
- Managing and reporting expenses for each department was difficult and inefficient.
- Handling petty cash transactions was inefficient and prone to errors.
“The best feature is easily creating users issuing cards in multiple currencies with no issues. I love the experience! Nqoodlet provides clear expense overviews and department categorization on one page, tracking vendors and costs month over month. It’s organized and has solved many of our problems.”
– Senior Accountant, Dana Abu Shammala, Quant
Solution
Quant needed a solution that would not only automate their financial processes but also provide real-time data and to make decisions swiftly:
- Nqoodlet’s ability to handle both USD and SAR, overcoming the limitations of other software that rejected SAR.
- Nqoodlet’s feature that automatically matches transactions with invoices, simplifying the reconciliation process.
- Facilitating online payments with cards that were previously rejected by other software.
- Training sessions for Quant’s finance team to ensure smooth adoption of the new system.
“Nqoodlet has truly streamlined our financial management, allowing us to scale our operations without the typical bottlenecks of manual processes.
The ability to manage expenses seamlessly across departments and currencies has been invaluable. Their platform has not only saved us time but has also improved the accuracy of our financial reporting, giving us the insights we need to make quicker, data-driven decisions.”
– CEO, Ahmed Bukhamseen, Quant
Results
The impact of Nqoodlet on Quant’s financial operations was immediate and significant:
- Automated processes reduced the time spent on manual tasks by 50%
- Error rates in financial reporting dropped by 40%
- Streamlined operations led to a 20% reduction in operational costs
Looking Ahead
Quant plans to continue leveraging Nqoodlet’s advanced features to support their growth:
Expanding the use of Nqoodlet’s analytics tools for deeper financial insights.
Exploring new modules and features as Nqoodlet’s platform evolves.
Ready to Take Control of Your Finances?
