Hilton is a household name in hospitality around the world. The company makes available 1.2 million rooms across more than 7,600 hotels, under 23 brands, in 126 countries and territories. For vacationers, the options are unbeatable. For treasury, the geographic scope and business complexity create some challenges.
"We are so spread out, all over the world, that maintaining access to our global bank account information is a huge challenge," says Dana Lee, Hilton's senior director of regional treasury for the Americas. "We have been working on gaining better visibility and bringing together all kinds of data to provide a global view of treasury."
The challenge is expanding along with Hilton's business. "We have over 3,000 accounts across many, many banks," says Jee Lee, senior director of global treasury management systems. "We are experiencing a lot of growth as a company, and when we add properties, that also means adding bank account activity. We have had a single treasury management system since 2012, but a couple of years ago, we still did not have an efficient system for managing bank account information."
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