Case Study: Hilton transforms banking and cash management with ION Treasury’s IBAM

Hilton transforms banking and cash management with ION IBAM

Hilton, one of the world's largest hospitality companies, faced a complex and manual process for managing its global cash and banking operations. With properties in 118 countries, the company struggled with the time-consuming task of opening bank accounts, which involved gathering extensive KYC documentation and managing signatories across different time zones and regulatory environments. This process typically took 2-4 weeks per account and required significant manual effort from their treasury team.

To address this, Hilton implemented the IBAM bank account management solution from ION Treasury. This provided a centralized platform to automate the account opening and closing process, manage signatories digitally, and consolidate KYC requirements. The solution from ION Treasury streamlined operations, shortened the time to open accounts, reduced operating costs, and provided a single source of truth for all banking data and documentation.

Hilton

Jee Lee

Treasury Director