Hilton wins the 2024 Bronze Alexander Hamilton Award in Technology Excellence!

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."

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.