21 Jan Hesperia World optimizes its treasury management with consulting firm All CMS
Integrates its ERP with Kyriba’s cloud solution that centralizes and automates financial operations
Madrid, January 22, 2025 – Hesperia World has adopted a new cloud-based treasury management solution (TMS) from Kyriba, with the aim of centralizing and automating its financial processes through effective integration with its existing ERP system. This implementation, carried out by financial consulting firm All CMS, enables the hotel chain to improve the visibility of its cash flow, reduce operational errors, and increase efficiency in payment management.
Financial and Operational Challenges
Faced with the need to streamline and centralize its treasury management, Hesperia World was looking for a system that could be quickly and effectively integrated with its cloud-based ERP without interfering with daily operations. The lack of a centralized TMS system limited the company’s ability to accurately track its cash position and hindered agility in strategic decision-making.
The main challenges included:
- The lack of a centralized solution that integrated financial transactions in real time.
- The need to account for transactions at each hotel’s point of sale separately.
- Optimizing cash flows and controlling operational risks.
The Solution: Automation and Operational Efficiency
Hesperia World relied on the expertise of All CMS consultants and Kyriba’s capabilities to ensure seamless integration between its ERP and TMS. With this solution, the company now manages 95% of its payments automatically, minimizing manual intervention and reducing the margin for error, which has been key to increasing operational efficiency.
“With Kyriba, we have been able to process the impressive monthly volume of 7,000 supplier payments required by the business in a very short time and without any problems. The platform is designed to maintain high performance even under heavy loads, ensuring on-time payments and supplier satisfaction, which are essential to serving our customers,” said Jo Piñeiro Pérez, Head of Treasury at Hesperia World.
Key benefits of the implementation
95% automation of payment processes: Integration allows most supplier payments and other financial obligations to be made automatically, significantly reducing processing time and minimizing the risk of human error.
Cost efficiency: The ability to process a large volume of transactions with Kyriba optimizes operating costs by reducing the need for manual resources.
Exception management: Thanks to automation, the finance team can focus on the remaining 5% of transactions that require special attention, dedicating more time to these situations for more effective management
Multi-bank optimization and centralized visibility: The platform allows Hesperia World to effectively manage its relationships with three banks, with the option to include more. This facilitates data consolidation and a centralized view of all financial transactions, improving reconciliation and strategic decision-making.
Greater control and security: Payment automation has optimized the signing process, allowing payments to be managed and sent from a single workspace, improving both the security and efficiency of the financial process.
About Hesperia World
Hesperia World is the operator of Grupo Inversor Hesperia (GIHSA) and is responsible for the operational management of all the group’s assets in Spain and Andorra, as well as five Hesperia-branded hotels located in Venezuela. It currently manages 28 active hotels in the 3-, 4-, and 5-star categories, with a total of more than 5,295 rooms. Hesperia World is a multi-brand hotel management company, based on the fundamental premise of getting the most out of each of the hotel group’s assets, with the aim of offering the best service to customers while seeking maximum profitability for the properties. Hesperia World operates urban hotels under the Hesperia brand and also under the prestigious Hyatt Regency and Grand Hyatt brands thanks to a marketing agreement reached with the Hyatt Group. It will soon add to its portfolio the management of the future Novotel Valencia Lavant in Valencia, thanks to agreements with Pictet and Accor. In its vacation division, Hesperia World operates resorts under the Hesperia brand, as well as under the Hyatt Inclusive Collection brands: Secrets®️ Resorts & Spas and Dreams®️ Resorts & Spas.
About All CMS
All CMS is a consulting firm focused on its clients’ needs to manage the shift to new treasury management and payment automation models. All CMS combines knowledge of the best treasury applications with the experience of its team of consultants to guide companies in transforming the role of treasurers. It is recognized for its expertise in financial solutions, offering a comprehensive set of tools to solve two-way banking connectivity, provide immediate visibility into the treasury position, manage intercompany positions, automate bank transaction classification and posting, and execute payments securely, without risk of manual error or fraud. Its customer-centric approach and proven track record make All CMS the ideal choice for companies looking to optimize their financial infrastructure.
Download the press release on Hesperia World’s treasury optimization
Learn more about Hesperia World’s treasury optimization project
Discover Hesperia World’s success story on how it integrated its ERP with TMS and optimized its international treasury management with the consulting firm All CMS.