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Financial Transformation of the Finance Function in KSA
Financial transformation is an important step in the economic development and maturation of any country that wishes to compete in the global market. As it stands, Saudi Arabia's financial sector is still in the process of developing its full potential. With recent government initiatives and the implementation of more robust economic policies, the Kingdom is taking steps to improve its financial stability and modernize its finance function.
In this article, we will explore why financial transformation is necessary for KSA, how businesses can prepare for it, and the potential benefits that this transformation can bring.
Zakat and Tax Home
Blog
Financial Transformation of the Finance Function in KSA
Financial transformation is an important step in the economic development and maturation of any country that wishes to compete in the global market. As it stands, Saudi Arabia's financial sector is still in the process of developing its full potential. With recent government initiatives and the implementation of more robust economic policies, the Kingdom is taking steps to improve its financial stability and modernize its finance function.
In this article, we will explore why financial transformation is necessary for KSA, how businesses can prepare for it, and the potential benefits that this transformation can bring.
Financial services Home
Blog
Evolution of the Financial Services Industry in KSA
The financial services industry is experiencing a seismic shift. Disruptive companies such as Uber and Airbnb have disrupted traditional businesses such as hotel chains and taxi firms with innovative technologies. In the same vein, financial technology (FinTech) startups are shaking up the financial services industry with innovative technologies that are changing how we bank, make payments, and invest.
Travel, tourism & leisure Home
Aviation Insights
Preparing for the return of travel
From liquidity to debt and restructuring, we address the diverse and complex
challenges faced by airlines, leasing companies and aircraft funds in particular.
We also consider implications for employers and how financial planning for the
medium and long term will be affected.
Healthcare Home
GrowthiQ
Lessons on big data from the healthcare sector
The healthcare sector is still experimenting with using big data but, as Anne McGeorge the national managing partner of healthcare at Grant Thornton US shares, it already has plenty to teach us about the benefits and challenges of big data analytics.
With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow. The right response will depend on the specific circumstances you and your business face. However, when experiencing significant stress or distress, we recommend you focus everything you do around the management of cash.
Our Resilience Wheel outlines five key considerations for businesses with cash management at the centre.
View the Resilence Wheel [ 1652 kb ].
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