How Desigual automates its global cash management with All CMS
Foundation
1984
Headquarters
Barcelona
Sector
Fashion and textile retail
Employees
More than 2.700
Turnover
+EUR 359 million
Rapid deployment of a centralised global cash management solution integrated with SAP (in 20 countries).
Key challenges:
- Reducing the significant administrative burden of managing payments manually through bank websites
- Limiting the risk of out-of-system signature flows
- Maintain SWIFT communication with banks to continue receiving bank statements and sending the same payment formats
Our solution
The All CMS team proposed to Desigual to automate its Cash Management and Bank Communication System by deploying Kyriba’s SaaS solution:
- Bank Connectivity Module
SWIFT communication hub with the 35 financial institutions - Payments Cash Accounting Module
Daily receipt of bank statements in Kyriba and automatic accounting - Payment Workflows Management Module
Generation of payment files in SAP and deployment of signature flows in Kyriba for payment approval - Cash Management & Forecasting Module
Daily and automatic position reporting
Is your company in a similar situation?
You too can optimise the time and resources of your finance department. Follow the path of large international companies and deploy Cash Management tools to gain clearer visibility of your liquidity.
Results
Efficiency and Automation of Global Cash Management.
In record time (less than 4 months), Desigual managed to centralise the cash management of several countries, automating global cash management, streamlining payments and generating autonomy for users.
All CMS’s involvement in the deployment of cash management has been key
Why with an expert?
To carry out this global cash management automation project for Desigual, the All CMS team worked very autonomously together with Desigual’s IT department.
- Know-how:
Team of former treasurers, former treasury managers who understand very well the needs of each client - Technological expertise:
Certified Kyriba Partner for more than 10 years - Experience:
More than 50 Kyriba SaaS platform Go-Live projects in Spain and LATAM
Forget manual tasks, automate your global cash management!
Do you want to optimise the resources of your finance department?
All CMS accompanies you throughout the journey of deploying solutions for an expeditious and centralised liquidity management.