Corporate treasury automation: an iQ-Solutions project for Kazakhtelecom JSC

In a large company, every payment is connected to a contract, a budget, delivery schedules, accounting records and internal approvals. When these processes are handled separately, document processing takes longer, obligations become harder to control and the risk of information loss increases.

To address this challenge, iQ-Solutions implemented a SAP-based project to automate corporate treasury functions for Kazakhtelecom JSC. The deployed system is now operating successfully and brings contracts, budget limits, obligations and payments together in a single digital environment.

From fragmented processes to one system

Before the project, payment planning, cash budget control, contract obligation management, limit checks and bank statement processing were not connected on one information platform.

The iQ-Solutions team built an end-to-end process linking the contract, budget, delivery and payment. The required information is now available in one system, and each financial operation can be traced from the creation of an obligation through to its fulfillment.

Budget control for each contract

One of the key outcomes was transparent budget reservation by contract. Before a payment is made, the system checks the available limit and links the transaction to a specific contractual obligation. This improves budget execution control and reduces the risk of payments being made without the necessary financial coverage.

Planned and actual expense data is available in a single environment, making cash movement more transparent and financial reporting more accurate.

Automating the payment process

The solution covers the creation, approval, control and execution of outgoing payments. Once a payment request is approved, the system generates a payment order based on the approved payment register.

Automation reduced manual work, accelerated document approvals and lowered the probability of errors during data transfer. By integrating treasury processes with logistics, budgeting and accounting, the company can process a contract, delivery, payment request and actual payment as one consistent sequence.

Real-time control of obligations

Using data on contracts, limits and due dates, the system generates a payment calendar. Finance teams can see upcoming payments in advance, control obligation deadlines and factor expected payments into cash flow management.

Centralized storage of contracts and related documents also reduced the time needed to find and approve them. Automated notifications help responsible employees track deadlines and document stages on time.

Project results

As a result of the implementation, Kazakhtelecom JSC received:

• a single integrated system for managing contracts and payments;
• transparent budget reservation and budget execution control for each contract;
• less time spent approving and searching for required documents;
• reduced risk of information loss through centralized data storage;
• more accurate financial and management reporting;
• operational control of contractual obligations;
• automated generation of the payment calendar;
• fewer manual operations when preparing payment documents.

The value of the project goes beyond automating individual treasury operations. iQ-Solutions connected contracts, budgets, deliveries and payments into one manageable system.

Today, the solution helps Kazakhtelecom JSC approve documents faster, control budget execution and see a complete picture of the company’s financial obligations. The project has become a strong example of corporate treasury automation and confirmed iQ-Solutions’ expertise in delivering complex SAP solutions for large enterprises.