Hesperia World has adopted a new cloud-based treasury management solution (TMS) from Kyriba, with the aim of centralizing and automating its financial processes, in an efficient integration with its existing ERP system. This implementation, carried out by the financial consulting firm All CMS, allows 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 would integrate quickly and efficiently with its ERP in the cloud, 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.
Hesperia trusted All CMS and Kyriba’s capabilities to ensure a frictionless integration between its ERP and TMS
The main challenges included:
- The lack of a centralized solution that integrated financial transactions in real time.
- The need to separately account for transactions at the points of sale of each hotel.
- Optimization of cash flows and control of operational risks.
The Solution: Automation and Operational Efficiency
Hesperia World relied on the experience of All CMS consultants and the capabilities of Kyriba to ensure a frictionless 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 of error, which has been key to increasing operational efficiency.
«With Kyriba, we have been able to process in a very short time and without problems the impressive monthly volume of 7,000 monthly payments to suppliers that the business demands. The platform is prepared to maintain high performance even in heavy load situations, guaranteeing timely payments and the satisfaction of our suppliers, essential to serving our customers,” declared Jo Piñeiro Pérez, head of Treasury at Hesperia World
Key Benefits of Implementation
Automation of 95% of payment processes: The 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 high volume of transactions with Kyriba optimizes operational costs by reducing the need for manual resources.
Exception management: Thanks to automation, the financial team can focus on the remaining 5% of transactions that require special attention, dedicating more time to these situations for more effective management.
Multibank optimization and centralized visibility: The platform allows Hesperia World to efficiently 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 in a single workspace, improving both the security and efficiency of the financial process.
