Situation
A group operating a portfolio of high-end restaurants and hospitality venues across multiple countries in Asia, each entity transacting in its own local currency.
Industry
Hospitality / fine dining
Company size
Medium — USD 10 million annual turnover — 50 staff
With revenues and costs spread across a fragmented, multi-currency banking landscape and each entity managed independently, the group had no group-level visibility into its own cash position, and no way to control FX costs across the business.
The group’s treasury operations were fragmented across multiple entities, bank accounts and currencies, with no centralised FX strategy or group-level view of available cash. Bank transactions were not automatically reconciled with accounting records, and no treasury management system was in place. As a result, FX conversions were executed independently under unfavourable conditions, with limited control over costs.
Automated reconciliation across all bank accounts
Material reduction in FX costs through centralised, optimised conversion
FX flows centralised and negotiated at group level
