Treasury & Cash Management for Travel
Travel
9-12 months
6 phases
Step-by-step transformation guide for implementing Treasury & Cash Management in Travel organizations.
Why This Matters
What It Is
Step-by-step transformation guide for implementing Treasury & Cash Management in Travel organizations.
Is This Right for You?
52% 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
- • High expected business impact with clear success metrics
- • 6-phase structured approach with clear milestones
You might benefit from Treasury & Cash Management for Travel if:
- You need: Treasury management system (Kyriba, GTreasury)
- You need: Bank APIs for real-time data integration
- You need: Investment policy for approved investments
- You want to achieve: Overall improvement in cash visibility and forecasting accuracy
- You want to achieve: Enhanced compliance with regulatory requirements
This may not be right for you if:
- Watch out for: Fragmented data sources complicating cash flow visibility
- Watch out for: Bank API limitations hindering real-time integration
- Watch out for: Manual legacy processes slowing scalability
- 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
- Engage stakeholders from treasury, finance, IT, and business units
- Assess current TMS and bank connectivity
- Define cash flow complexity including multi-channel and multi-currency aspects
- Establish success metrics for cash visibility and forecasting accuracy
Deliverables
- Stakeholder engagement report
- Current state assessment document
- Defined success metrics and KPIs
Success Criteria
- Stakeholder buy-in achieved
- Gaps in current processes identified
- KPIs established and approved
2
Data Integration & Automation Setup
8-12 weeks
Activities
- Connect TMS with bank APIs for real-time cash positioning
- Normalize multi-channel cash flow data from various sources
- Automate data feeds from travel booking and payment platforms
- Establish fraud controls and compliance checks
Deliverables
- Integrated TMS with bank APIs
- Normalized cash flow data set
- Automated data feed processes
Success Criteria
- Real-time cash visibility achieved
- Data integration completed without significant errors
- Fraud controls implemented successfully
3
Cash Positioning & Forecasting Automation
8-12 weeks
Activities
- Implement predictive cash inflow/outflow models using historical data
- Integrate FX risk management tools for hedging
- Enable scenario planning for demand shocks in travel
Deliverables
- Predictive cash flow models
- Integrated FX risk management tools
- Scenario planning framework
Success Criteria
- Forecast accuracy improved by X%
- FX risk management tools operational
- Scenario planning exercises conducted
4
Payment Processing & Investment Automation
4-8 weeks
Activities
- Automate supplier payments and customer collections across currencies
- Implement auto-investment of surplus cash per policy
- Embed approval workflows for large payments with human oversight
Deliverables
- Automated payment processing system
- Auto-investment strategy document
- Approval workflow framework
Success Criteria
- Reduction in manual payment processing time by X%
- Idle cash investment rate increased
- Approval workflows functioning effectively
5
Reconciliation & Reporting Automation
4-8 weeks
Activities
- Deploy reconciliation agents to match bank statements with internal records
- Generate dashboards and variance reports for treasury and executive teams
- Ensure compliance reporting aligned with travel regulations
Deliverables
- Automated reconciliation process
- Real-time reporting dashboards
- Compliance reporting framework
Success Criteria
- Reconciliation accuracy improved to X%
- Dashboards providing real-time insights
- Compliance reporting completed without issues
6
Continuous Improvement & Change Management
Ongoing
Activities
- Conduct regular reviews of forecast accuracy and liquidity metrics
- Train treasury staff on new tools and processes
- Address challenges such as data silos and regulatory changes
Deliverables
- Regular review reports
- Training materials for staff
- Change management plan
Success Criteria
- Improvement in forecast accuracy over time
- Staff trained and proficient in new processes
- Challenges addressed with actionable solutions
Prerequisites
- • Treasury management system (Kyriba, GTreasury)
- • Bank APIs for real-time data integration
- • Investment policy for approved investments
- • FX hedging policy
- • Fraud controls and policies
- • Multi-currency and cross-border payment capabilities
Key Metrics
- • Percentage of cash positions updated in real time
- • Variance between forecasted and actual cash flows
- • Savings achieved through standardized FX payment processes
- • Reduction in manual payment processing time
Success Criteria
- Overall improvement in cash visibility and forecasting accuracy
- Enhanced compliance with regulatory requirements
Common Pitfalls
- • Fragmented data sources complicating cash flow visibility
- • Bank API limitations hindering real-time integration
- • Manual legacy processes slowing scalability
- • Navigating multi-jurisdictional compliance delays