How AWWG centralises its international payment management

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Caso Exito Pepe Jeans Hackett Faconnable AWWG Centralizacion Gestion Pagos Internacionales All CMS Partner Kyriba

AWWG is the global fashion group that owns the Pepe Jeans London, Hackett and Façonnable brands. It is also the authorised distributor of Tommy Hilfiger and Calvin Klein in Spain and Portugal.

Headquarters Madrid
Sector Textile retail
Employees +4.200
Turnover +EUR 450 million
Caso Exito Pepe Jeans AWWG Centralizacion Gestion Pagos Internacionales All CMS Partner Kyriba

The challenge:

Centralise the processing of payments from multiple international banks in Spain and simplify the signature process.

Key challenges:

  • Improve the management of collections and payments which were previously handled by electronic banking (35 companies, 100 bank accounts and 12 currencies).
  • Integrate payments operations at group level without having to modify the rest of the treasury tools.
  • Have a secure tool using a Swift Service Bureau, outsourcing some maintenance and security functions that require an active BIC.

Our solution:
Centralisation of the management of international payments

Centralisation of the management of international payments The All CMS team helped the All We Wear Group implement a functional model to centralise its payments by integrating all of the group’s treasury tools through the Kyriba Payments platform.

Do you use manual and decentralised payment management processes in your company?

 

Your company can also start a process of digital transformation of the finance function and centralisation of payments and collections.

Follow the path of large international companies and deploy Cash Management tools to improve efficiency and visibility over your liquidity.

Results

A true digital transformation of the treasury department in less than 6 months.

 

The implementation of the centralised international payment management solution has made AWWG’s administration easier:

  • over 3,000 payments processed since activation
  • 100 bank accounts with 12 different currencies

This has led to a change in the treasury team’s approach, from an executor to a much more analytical one.

The support from All CMS was essential as the speed of implementation was key for us.

Why with an expert?

Enrique Luesma Caso Exito Pepe Jeans AWWG Centralizacion Gestion Pagos Internacionales All CMS Partner Kyriba

The All CMS team played the role of consultant and integrator in this project to centralise AWWG’s international payments and collections.

  • Know-how:
    The professionals at All CMS are former treasurers and CFOs, and are well versed in cash management issues and best practices. They have a good understanding of the client’s needs for a financial transformation and automation project.

All CMS Kyriba Certified Partner in Spain since 2011

  • Technological knowledge:
    First Kyriba Certified Partner for Spain and LATAM.
  • Experience:
    More than 50 Kyriba SaaS platform Go-Live projects in Spain and LATAM.

Join the digital transformation of the finance department!

Do you want to automate your international payments and optimise the resources of your finance department?

 

Forget manual tasks, automate your payments and collections management. All CMS accompanies you throughout the journey of deploying solutions for an expeditious and centralised liquidity management.