{"id":22567,"date":"2024-05-31T13:52:18","date_gmt":"2024-05-31T11:52:18","guid":{"rendered":"https:\/\/allcms.es\/minor-hotels-europe-americas-centralizes-its-international-treasury-management-with-kyriba-and-all-cms\/"},"modified":"2024-10-22T18:42:08","modified_gmt":"2024-10-22T16:42:08","slug":"minor-hotels-europe-americas-centralizes-its-international-treasury-management-with-kyriba-and-all-cms","status":"publish","type":"post","link":"https:\/\/staging.allcms.es\/en\/minor-hotels-europe-americas-centralizes-its-international-treasury-management-with-kyriba-and-all-cms\/","title":{"rendered":"Minor Hotels Europe & Americas centralizes its international treasury management with Kyriba and All CMS"},"content":{"rendered":"

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Madrid, May 2024<\/strong>. Minor Hotels Europe & Americas<\/a> the global hotel group that operates the Anantara, Avani, NH, NH Collection, nhow and Tivoli brands, has announced a major digital transformation in its treasury management, thanks to the implementation of the innovative Kyriba <\/a>solution, provided by leading financial technology consultancy, All CMS.<\/p>\n

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In an effort to centralize and improve the security of its financial processes<\/a> in all countries where it operates, Minor Hotels Europe & Americas has implemented a secure and scalable 100% SaaS Treasury Management System (TMS) in collaboration with All CMS. This solution has been designed to harmonize treasury processes, providing a centralized view from corporate headquarters<\/strong> and enabling optimal cash flow management. <\/p>\n

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Benefits obtained<\/h2>\n

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The implemented solution includes several key modules, highlighting:<\/p>\n

Centralization of International Treasury: Allows the global management of bank balances through international cash pooling, providing a consolidated view of the treasury in all countries.<\/p>\n

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Banking Connectivity Module<\/a>: establishes a SWIFT <\/em>communication hub with the more than 900 bank accounts of more than 50 banks in the group, ensuring secure and efficient communication with financial institutions.<\/p>\n

Payment Accounting Module<\/a>: Automates the accounting process and integration with your ERP, handling an average of 8,000 transactions per day.<\/p>\n

Payment Flow Management Module<\/a>: Facilitates the generation of payment files and the implementation of signature flows in Kyriba for payment approval, improving the efficiency and security of the process.<\/p>\n

Cash Management & Forecasting Module<\/a>: Provides daily and automatic reporting of the financial position, enabling proactive cash flow management.<\/p>\n

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Thanks to this implementation, Minor Hotels Europe & Americas has achieved a radical transformation in its cash flow management, adopting best practices and significantly improving the efficiency and security of its financial processes. In addition, it enjoys a unique and fully integrated tool that gives it global visibility over its liquidity with all countries worldwide. <\/p>\n

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According to Fernando Cebada Rold\u00e1n, Senior Vice President Corporate Treasury<\/em> at Minor Hotels Europe & Americas<\/strong>, “Kyriba’s solution has enabled us to significantly improve all our treasury processes, improve visibility of our position, and increase security in the centralization of our payments in the 30 countries where we are present. To achieve this goal, the collaboration with the All CMS team has been a crucial support to accompany us in our project <\/em>“.<\/p>\n

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About Minor Hotels<\/h2>\n

Minor Hotels is a global hotel group that operates more than 540 hotels, resorts and residences in 56 countries, and pursues a vision of creating a more passionate and interconnected world. As a hotel owner, operator and investor, Minor Hotels caters to the needs and desires of today’s global travelers through its diverse portfolio of eight hotel brands (Anantara, Avani, Elewana Collection, NH, NH Collection, nhow, Oaks and Tivoli) and a portfolio of related businesses. Minor Hotels is rapidly accelerating its global growth ambitions, aiming to add more than 200 hotels by the end of 2026. <\/p>\n

Minor Hotels is a proud member of the Global Hotel Alliance (GHA)<\/a>, the world’s largest alliance of independent hotel brands, and participates in the GHA DISCOVERY <\/a>loyalty program.<\/p>\n

For more information, please visit minorhotels.com<\/a> and connect with Minor Hotels on Facebook<\/a> and LinkedIn.<\/em><\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”yes” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” z_index=”” css=”.vc_custom_1707320652109{padding-bottom: 32px !important;}”][vc_column][vc_row_inner row_type=”row” type=”full_width” text_align=”left” css_animation=””][vc_column_inner][vc_column_text css=”.vc_custom_1717154999036{padding-bottom: 32px !important;}”]<\/p>\n

About All CMS<\/h2>\n

All CMS is a consulting firm focused on the needs of its clients to manage the shift towards new models of treasury management<\/a> and payment automation<\/a>. All CMS unites the knowledge of the best treasury applications with the expertise of its team of consultants to guide companies in the transformation of the treasurers’ function. It is recognized for its expertise in financial solutions, offering a complete set of tools to solve two-way banking connectivity<\/a>, provide immediate visibility of the treasury position, manage intercompany positions, automate bank transaction classification and accounting<\/a>, 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. <\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”yes” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” z_index=”” css=”.vc_custom_1710953888677{margin-right: -300px !important;margin-left: -300px !important;padding-top: 50px !important;padding-bottom: 50px !important;background-color: #B8F4EB !important;}”][vc_column width=”2\/3″ css=”.vc_custom_1652266097392{margin-right: 20px !important;}”][vc_column_text css=””]Download the press release on Minor Hotels’ international cash management centralization<\/strong><\/span>[\/vc_column_text][\/vc_column][vc_column width=”1\/3″]DOWNLOAD THE PRESS RELEASE<\/a>[\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”yes” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” z_index=”” css=”.vc_custom_1710953501244{margin-right: -300px !important;margin-left: -300px !important;padding-top: 50px !important;background-color: #cde6f2 !important;}”][vc_column width=”1\/2″ css=”.vc_custom_1652266097392{margin-right: 20px !important;}”][vc_empty_space height=”80px”][vc_column_text css=”” el_class=”h2_intro”]In order to centralize and improve the security of its financial processes in all the countries where it operates, Minor Hotels Europe & Americas<\/a> turned to the All CMS team to implement a secure and scalable Treasury Management System (TMS) for its international management.[\/vc_column_text][vc_separator type=”transparent” down=”25px”][vc_single_image image=”22058″ img_size=”full” alignment=”center” css=”” qode_css_animation=””][vc_column_text]<\/p>\n

They also rely on our expertise<\/strong><\/h4>\n

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To learn in detail about Minor Hotels Europe & Americas’ international treasury management centralization project.<\/h3>\n

 <\/p>\n

Download the Minor Hotels case study to discover how they automated their treasury management and optimized their finance department’s time with All CMS.<\/p>\n

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    El equipo de expertos de All CMS te acompa\u00f1a en todo el proceso de implementaci\u00f3n de soluciones para una gesti\u00f3n de la liquidez \u00e1gil, centralizada y segura.\n\t\t<\/p>\n\t<\/div>\n\t

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    Minor Hotels Europe & Americas has implemented a secure and scalable 100% SaaS Treasury Management System (TMS) in collaboration with All CMS<\/p>\n","protected":false},"author":1,"featured_media":22148,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[121],"tags":[],"class_list":["post-22567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"acf":[],"yoast_head":"\nMinor Hotels Europe & Americas centralizes its international treasury management with Kyriba and All CMS | AllCMS<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minor Hotels Europe & Americas centralizes its international treasury 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