ACT Middle East Awards recognise Fujairah Gold (Vedanta Group) for Excellence in Treasury Systems with IBSFINtech as the Technology Partner

ACT Middle East Treasury Awards 2023 – Fujairah Gold: Excellence in Treasury Systems with IBSFINtech as Trusted Technology Partner

The ACT Middle East Treasury Awards honour organisations that demonstrate innovation, operational excellence, and transformative treasury management in the Middle East.

In 2023, Fujairah Gold, a UAE-based precious metals refiner, received the Treasury Systems Award for successfully transforming its treasury operations from manual processes to a fully integrated digital platform, improving control, visibility, and cash flow management.

Operating in a dynamic environment where treasury functions are influenced by market trends, regulatory changes, and competitive dynamics, Fujairah Gold recognised the need for agility and resilience. The shift to automation was critical in ensuring financial stability and meeting working capital requirements.

Previously, the organisation's treasury was managed entirely through manual processes---a time-consuming effort that left the team focused on transactional tasks rather than strategic decision-making.

Fujairah Gold's Treasury Transformation

In partnership with IBSFINtech, Fujairah Gold undertook a complete treasury transformation, achieving:

• Automation of key treasury processes
• Enhanced trade finance control
• End-to-end digitalisation of treasury functions

This transformation positioned Fujairah Gold as a benchmark for treasury excellence in the region.