Safwat Aljawf is a Saudi e-commerce brand operating digital sales across the Kingdom of Saudi Arabia. It specializes in producing cold-pressed olive oil, which ranked first at the Aljawf Olive Festival, along with wild thyme and natural Sidr honey.
Before Nqoodlet
- High commissions and fees on corporate cards
- High fees when managing foreign currency payments
- Fragmented tracking from multiple payment methods
- Manual financial reporting
- Team focused on manual tasks
After Nqoodlet
- A 20%–30% reduction in commission and fee costs
- Easy and cost-efficient foreign currency payments
- One centralized platform for all payments
- Clear, ready-to-review statements and reports
- Real-time and transparent expense tracking
- Better control over marketing and ad budgets
- Uninterrupted marketing campaigns
Challenges That Safwat Aljawf Faced
Before adopting Nqoodlet, the company relied on a corporate card provider and traditional banking services to manage its expenses.
- Financial reporting
Difficulty preparing financial reports effectively and clearly due to multiple payment methods
- Foreign currency fees
The company was making purchases in foreign currencies
- High commissions
High commission fees associated with corporate cards.
“Managing expenses with Nqoodlet is extremely easy and seamless. The experience is excellent by every standard.”
- Ahmed Serag – Chief Financial Officer at Safwat Aljawf
The Solution Provided by Nqoodlet
- Operational Stability
No need to frequently change payment methods or search for alternatives.
- Ease of Use
A flexible and user-friendly platform that simplifies expense and purchase management
- Cost Reduction
Nqoodlet provided payment cards with no transaction or hidden fees
- Clear Statements
Ready-to-use reports that support review and financial verification without manual work
- Multiple Currencies
Ability to make purchases in over 13 different currencies efficiently, without conversion fees
Results
Higher Clarity and Better Efficiency
After using Nqoodlet, Safwat Aljawf achieved positive results in managing operational expenses.
“We constantly receive offers from other companies that provide similar solutions, but we prefer to continue working with Nqoodlet because of the comfort and stability we experience with the service.”
- Ahmed Serag – Chief Financial Officer at Safwat Aljawf
Accelerating Review and Reconciliation
Reduced bank statement review time by approximately 30%
Reducing Bank Commissions
Commission costs were reduced by 20%–30% compared to traditional solutions
Better Operational Efficiency
Smoother expense management with reduced manual follow-up
Providing Higher Clarity for Expenses
Accurate daily tracking of e-store expenses and operations
Financial operations have become smoother, enabling the team to focus on growing the e-store instead of being occupied with financial procedures
How Nqoodlet helps e-commerce businesses manage expenses effectively
Support for Foreign Currency Payments
Simplified international ad payments without multiple cards or high conversion fees.
Clearer Control Over Marketing Budgets
Real-time tracking of marketing spend via dedicated cards for precise daily visibility
No High Commissions
Dedicated payment cards for digital ads with no hidden fees, reducing campaign expenses on platforms like Snapchat, Meta, and Google.
Continuity of Campaigns
Stable payment processes that prevent ad pauses or subscription issues.
Conclusion
The partnership between Safwat Aljawf and Nqoodlet highlights the importance of modern financial technology solutions in enabling e-commerce businesses to manage expenses with greater clarity and efficiency.
By adopting a practical and easy-to-use solution, Safwat Aljawf improved its financial organization and reduced operational costs.
It is time to upgrade how your company manages expenses.
Learn how Nqoodlet can help your business optimize financial operations and achieve similar results.
