The program’s success is anchored by the deployment of SAP Taulia’s advanced technical solution, featuring two core achievements: Direct financing partner integration and a program deeply embedded within SEC’s existing SAP ERP environment. This is complemented by Manafa’s proprietary digital lending and API-driven infrastructure, which enables seamless onboarding, real-time risk assessment, and scalable funder connectivity.

Moving beyond traditional single-bank relationships, SEC is provided with access to multiple financing partners by direct integration. This is crucial for strengthening the resilience of SEC’s vital supply chain by facilitating a competitive and robust funding environment.

In addition, the deep SAP ERP integration achieves unparalleled automation and operational efficiency by fully digitizing the end-to-end flow of invoice data, from approval to payment. This dramatically reduces administrative effort, allowing SEC’s treasury team to shift focus from transactional tasks to strategic financial management.

“We’re immensely proud of the technological sophistication achieved here and, more importantly, how it will help SEC achieve its working capital goals as it supports the Kingdom’s rapid growth and Vision 2030 goals. By deeply integrating our payables solutions within existing business systems and flows, we’ve ensured SEC can gain crucial agility and control over their liquidity management without affecting operations,” said Chris Garrison, Head of Payables Finance, SAP Taulia. “This implementation masterfully navigated regional complexities to deliver a scalable, Shariah-compliant solution that sets a new benchmark for treasury practice in the region and beyond.”

The achievement was made possible through a unique, landmark collaboration between the SEC, global fintech SAP Taulia, and a Saudi leading digital finance platform, Manafa. This collaboration aligns SEC’s corporate treasury goals with Saudi Arabia’s economic development objectives by providing SEC’s vast supplier base with flexible, competitive, and Shariah-compliant early payment options based on SEC’s strong credit rating. For suppliers, the program offers 24/7 visibility and enhanced cash flow, directly supporting the stability of the supply chain.