NWC signs agreement with Effie Portugal to implement AI-powered revenue assurance system

The National Water Company (NWC) has signed a strategic agreement with Effie Business Portugal, a leader in business efficiency and revenue assurance solutions, to implement an advanced revenue assurance system powered by Artificial Intelligence (AI).

The project aims to enhance revenue cycle performance, improve operational efficiency, and strengthen financial control. These ensure higher levels of business efficiency by applying the latest analytics and digitalization techniques that will contribute to improving the quality of services provided by the company, while consolidating its leadership in innovation and excellence. This cooperation raises operational efficiency standards in the water distribution sector in the Middle East region.

The signing ceremony took place at the Head Office of the National Water Company (NWC), which was attended by Dr. Fuad AlShikhmubarak, NWC CEO, and José Xavier, Effie Business Portugal CEO. Dr. Nuno Matias, Ambassador of Portugal to the Kingdom of Saudi Arabia, attended the signing ceremony as well.

This agreement is an important step towards the digital transformation of NWC's finance and General administration sector to assure NWC revenues, in line with its objectives and strategy to enhance financial sustainability and the Kingdom's Vision 2030 to promote sustainable water management and technological innovation.