How Minor Hotels centralises and automates cash management

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Foundation 1978
Headquarters Madrid
Sector Hotel Group
Hotels +540 in 55 countries
Turnover +EUR 2,500 million

The challenge:

To centralise treasury processes with a secure and scalable group-wide treasury management system (TMS).

Key challenges:

  • To improve, harmonise and enhance security for all treasury management processes in all countries
  • To have a more centralised model with a greater vision from corporate level
  • To have a secure tool that allows a real-time view of the situation
  • To change the way cash flow is managed

Video Minor Hotels (antes NH Hotel Group)
Our objective was to optimise treasury activity by improving liquidity management, structures, reporting and rationalising the banking map.

Sara Utrilla, Corporate Treasury Manager, Minor Hotels Europe & Americas

Our TMS solution

The All CMS team helped NH Hotel Group in its digital transformation journey and to design the functional model to automate its Cash Management and Payment System with the Kyriba SaaS platform.

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

 

Your company can also start a journey of digital transformation of the finance function and centralisation of cash management.

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

Results

One of the most comprehensive and innovative cash management solutions in the hotel market.

 

Minor Hotels Europe and Americas radically transformed the way it manages its cash flow using the best cash management practices in the industry.

Succes Story Digital Transformation TMS NH Hotel Group

Award for digital transformation

NH Hotel Group digital transformation Award

Following the deployment of the digital transformation project with All CMS, NH Hotel Group received the award for “Best Digital Transformation in Treasury” at the prestigious Eurofinance forum.

*Leading international conference composed of a panel of finance and treasury experts).

Why with an expert?

Minor Hotels Automatiza centraliza Tesoreria All CMS Kyriba

To carry out this project of digital transformation, centralisation of cash management and automation of NH Hotel Group’s global cash management, the All CMS team played the role of consultant and integrator.

  • 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 expertise:
    irst Kyriba Certified Partner for Spain and LATAM
  • Experience:
    More than 50 Kyriba SaaS platform Go-Live projects in Spain and LATAM

Having the consultants from All CMS has been an extremely valuable tool for us, as they are professionals who have been working with us for more than 10 years and are fully aware of the peculiarities of our systems and the way we work.

Fernando Cebada, SVP Corporate Treasury Finance, Minor Hotels Europe & Americas

Join the digital transformation of the finance department!

Do you want to automate your cash management and optimise the resources of your finance department?

 

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