Marietton Developpement calmly manages its cash flow with NEOFI Cash

Marietton Développement is a French company specializing in tourism. Created in 1968 in Lyon, the Marietton Développement group today has more than 1,650 employees.

Elisabeth Belot is treasurer of the MARIETTON DEVELOPPEMENT group. A few years ago, she had to manage the integration of HAVAS VOYAGES into the group. She looks back on this experience and the steps that led her to choose NEOFI Cash.

What are the characteristics of your business?

MARIETTON DEVELOPPEMENT is a key French player in the field of tourism. Starting from a travel agency created in Lyon in 1968, the group now has nearly 500 and is made up of several well-known brands (Havas Voyages, Selectour, Auchan Voyages, Aerosun, etc.). The activity is spread across 14 subsidiaries, two of which are abroad (in Switzerland and Monaco). Cash flow is managed in conjunction with around ten banks where the 150 bank accounts are domiciled, including around thirty in foreign currency. It was this last element that made us switch to NEOFI when, at the end of 2015, the HAVAS VOYAGES network was bought from the CWT group by MARIETTON DEVELOPPEMENT which was then booming.

How did the integration of HAVAS VOYAGES into the group's information system go?

We had 2 years of carve out to make the HAVAS VOYAGES information system autonomous from its former shareholder CWT. It was immediately obvious that cash flow had to be the first step in this project. MARIETTON quickly acquired a simple and effective treasury tool dedicated to SMEs which perfectly met the needs of HAVAS VOYAGES and other subsidiaries. The difficulty appeared when we integrated the subsidiaries with foreign currency accounts. After a few loads, we quickly realized that this did not generate any variation even though the software had a currency management module! The publisher proving unable to offer us this functionality, we ended our contract and turned to NEOFI.

Why did you choose NEOFI?

Historically, HAVAS VOYAGES already used NEOFI to manage its banking communication . As soon as the concerns about currency management were identified, we requested a demo of the NEOFI Cash . As I am alone to manage the cash flow, I had to find a solution that was quick to implement and easy to use. NEOFI knowing our environment, the deployment of the solution was done very quickly and navigation in the application was natural.

Are you satisfied with the solution deployed?

The NEOFI teams are very responsive and very involved in our projects. They have been very present to help us master the resources of NEOFI Cash and remain available to make it evolve according to our needs, especially in terms of reporting. Indeed, the solution integrates a very malleable Business Intelligence which allows the Financial Director to autonomously see the receipts per day as well as the disbursement forecasts, and also allows the General Manager to know the cash position in real time detailed and consolidated information of the group. And if their needs change, NEOFI Cash will adapt very easily!

Why did you use NEOFI?

The solution implemented

The progress of the project

The results