Treasury & Cash Management for Hospitality
Hospitality
9-12 months
6 phases
Step-by-step transformation guide for implementing Treasury & Cash Management in Hospitality organizations.
Why This Matters
What It Is
Step-by-step transformation guide for implementing Treasury & Cash Management in Hospitality organizations.
Is This Right for You?
45% match
This score is based on general applicability (industry fit, implementation complexity, and ROI potential). Use the Preferences button above to set your industry, role, and company profile for personalized matching.
Why this score:
- • Applicable across related industries
- • 9-12 months structured implementation timeline
- • Requires significant organizational readiness and preparation
- • High expected business impact with clear success metrics
- • 6-phase structured approach with clear milestones
You might benefit from Treasury & Cash Management for Hospitality if:
- You need: Treasury management system (Kyriba, GTreasury)
- You need: Bank APIs (not all banks have robust APIs)
- You need: Investment policy (approved investments)
- You want to achieve: Achieve real-time cash visibility
- You want to achieve: Improve forecast accuracy and liquidity optimization
This may not be right for you if:
- Watch out for: Fragmented legacy systems complicating data centralization
- Watch out for: Bank API limitations affecting real-time data access
- Watch out for: Complex multi-currency payments increasing risk
- Long implementation timeline - requires sustained commitment
What to Do Next
Start Implementation
Add this playbook to your workspace
Implementation Phases
1
Assessment & Planning
4-8 weeks
Activities
- Map current treasury processes and systems
- Identify data sources and integration needs
- Define investment, FX hedging, and fraud policies specific to hospitality
- Secure executive buy-in and define KPIs
Deliverables
- Current state process map
- Integration requirements document
- Defined policies and KPIs
Success Criteria
- Completion of process mapping
- Executive buy-in secured
2
Technology Selection & Integration
8-12 weeks
Activities
- Select cloud-native TMS with strong API capabilities
- Integrate bank APIs for real-time cash data
- Centralize multi-entity financial data
Deliverables
- Selected TMS vendor
- Integrated bank API documentation
- Centralized financial data repository
Success Criteria
- Successful integration of bank APIs
- Centralized data visibility achieved
3
Data Normalization & Automation Setup
8 weeks
Activities
- Deploy Data Collection Agent to gather and normalize cash flow data
- Configure Orchestrator to trigger analysis and payment agents
- Automate reconciliation with bank statements
- Establish data governance policies
Deliverables
- Operational Data Collection Agent
- Configured Orchestrator
- Automated reconciliation process
Success Criteria
- Data normalization completed
- Reconciliation automation operational
4
Forecasting & Cash Positioning
8 weeks
Activities
- Implement Cash Position Analysis Agent for real-time forecasting
- Build AP/AR-based cash forecast models
- Automate liquidity management and auto-investment of idle cash
Deliverables
- Operational Cash Position Analysis Agent
- Cash forecast models
- Automated liquidity management system
Success Criteria
- Real-time cash forecasting operational
- Liquidity management automation in place
5
Payment Processing & FX Risk Management
4-8 weeks
Activities
- Automate payment processing and collections
- Implement FX risk management using hedging policies
- Embed fraud controls and compliance monitoring
Deliverables
- Automated payment processing system
- FX risk management framework
- Fraud control policies
Success Criteria
- Payment processing automation completed
- FX risk management policies implemented
6
Reporting, Oversight & Continuous Improvement
4-8 weeks
Activities
- Deploy Reporting Agent for real-time dashboards
- Train treasury and finance teams on new systems
- Establish human oversight for key decisions
- Monitor KPIs and refine models
Deliverables
- Operational Reporting Agent
- Training materials and sessions
- Oversight framework
Success Criteria
- Real-time reporting operational
- Training completion for treasury staff
Prerequisites
- • Treasury management system (Kyriba, GTreasury)
- • Bank APIs (not all banks have robust APIs)
- • Investment policy (approved investments)
- • FX hedging policy
- • Fraud controls and policies
- • Multi-entity financial consolidation
- • Seasonality and demand volatility considerations
- • Regulatory compliance specific to hospitality
Key Metrics
- • Percentage of cash flow data available in real-time
- • Variance between forecasted and actual cash inflows/outflows
- • Reduction in idle cash balances
- • Reduction in payment processing time and error rates
- • Number of regulatory or policy breaches
Success Criteria
- Achieve real-time cash visibility
- Improve forecast accuracy and liquidity optimization
Common Pitfalls
- • Fragmented legacy systems complicating data centralization
- • Bank API limitations affecting real-time data access
- • Complex multi-currency payments increasing risk
- • Resistance to change from manual processes
- • Seasonal cash flow volatility complicating forecasting
- • Compliance complexity with hospitality-specific regulations