Hospitable, Digital Treasury

Hospitable, Digital Treasury

First founded in Switzerland, family-run Mövenpick is a globally active hospitality group whose main markets are Europe, the Middle East, Africa, Asia and Canada. They focus on fine foods, hotel business, wine trade and premium brand products. Mövenpick is made up of four independent business segments: Mövenpick Hotels & Resorts, Marché International & Mövenpick Restaurants, Mövenpick Wine and finally Mövenpick Fine Foods. In 2016, some 20,000 employees achieved a turnover of around CHF 1.5 billion.

The Challenge

Mövenpick comprises 35 subsidiaries as well as around 350 independent entities. The business units are closely connected: for example, the hotels offer Mövenpick wine. Licenses and services are settled between the business units and between the central purchasing department and the business units. The fact that the hotels have different management concepts and each location has their own P&L make for a complex settlement process. Add to that the group’s worldwide expansion and international profile as well as resulting currency issues, and we are looking at a real challenge in terms of efficiency for Mövenpick’s one treasurer.


The Solution

The introduction of the BELLIN treasury management system has given Mövenpick one central platform to which all entities have access. A clearly structured netting process set up in the system enables unambiguous intercompany settlement. In addition, payments have been standardized group-wide and cash pools were established for the main currencies of EUR and CHF. These cash pools are of crucial importance for the active management of liquidity and FX positions. Mövenpick is also in the process of setting up an in-house bank to cover group-wide cash flows. The group has succeeded in incorporating all main treasury processes in the system and in integrating all group entities on one central platform. They are all set to say goodbye to any paper-based processes and to fully embrace digitization.

Key Facts
Founded, Headquarters
1948, Zurich | CH
Approx. 350 entities in 34 countries
Annual turnover
CHF 1.5 Mrd (2016)
Modules in use
LM, TT, Netting
With BELLIN since
May 2013
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