Marietton Développement is a French company specializing in tourism-related businesses. Founded in Lyon in 1968, the Marietton Développement group now has over 1650 employees.
Elisabeth Belot is the treasurer of the MARIETTON DEVELOPPEMENT group. A few years ago, she had to manage the integration of HAVAS VOYAGES into the group. She reflects on this experience and the steps that led her to choose NEOFI Cash.
MARIETTON DEVELOPPEMENT is a key player in the French tourism sector. Starting as a travel agency in Lyon in 1968, the group now boasts nearly 500 agencies and comprises several well-known brands (Havas Voyages, Selectour, Auchan Voyages, Aerosun, etc.). Its operations are spread across 14 subsidiaries, including two abroad (in Switzerland and Monaco). Cash flow is managed through approximately ten banks, which hold 150 bank accounts, around thirty of which are in foreign currencies. It was this last factor that led us to switch to NEOFI when, at the end of 2015, the HAVAS VOYAGES network was acquired from the CWT group by MARIETTON DEVELOPPEMENT, which was then experiencing rapid growth.
We had a two-year carve-out period to make HAVAS VOYAGES' information system independent from its former shareholder, CWT. It was immediately clear that treasury management had to be the first step in this project. MARIETTON quickly acquired a simple and effective treasury management tool designed for SMEs that perfectly met the needs of HAVAS VOYAGES and its other subsidiaries. The difficulty arose when we integrated subsidiaries with foreign currency accounts. After a few data imports, we quickly realized that this didn't generate any changes, even though the software had a currency management module! Since the vendor proved unable to provide this functionality, we terminated our contract and turned to NEOFI.
Historically, HAVAS VOYAGES already used NEOFI to manage its bank communications . As soon as the issues with currency management were identified, we requested a demo of the NEOFI Cash . Since I manage cash flow alone, I needed to find a solution that was quick to implement and easy to use. Because NEOFI was familiar with our environment, the solution was deployed very quickly and navigating the application was intuitive.
The NEOFI teams are very responsive and deeply involved in our projects. They have been very supportive in helping us master the features of NEOFI Cash and remain available to adapt it to our evolving needs, especially regarding reporting. Indeed, the solution includes a highly flexible Business Intelligence that allows the CFO to independently view daily cash receipts and cash outflow forecasts, and also enables the CEO to have real-time access to the group's detailed and consolidated cash position. And if their needs change, NEOFI Cash will adapt very easily!
