XRT wins contract for implementation of a centralized cash management platform for the Mousquetaires-IntermarchéGroup.

The new system which will standardize and automate both bank reconciliations and payment management is supported by XRT’s secure banking communication platform. The platform will be deployed in France during the 1st semester and then in Portugal, Spain and Belgium by the end of this year and will ensure a technical centralization at a European level for 124 entities and 58 remote locations.

The Mousquetaires-Intermarché Group, created in France in 1969, has since developed 10 specialized retail brands including : BricoMarché, InterMarché, EcoMarché, LogiMarché, RestauMarché, VétiMarché, StationMarché, Le Relais des Mousquetaires, Netto and Espace Temps and enjoys a large European presence in 8 countries.

The Mousquetaires-Intermarché Group was in search of a system which would automate their cash management, reconciliation, and banking communication processes while securely integrating their remote payments using the Edi 5/Etebac 5 protocol.

The key selection criteria as defined by the CFO’s department was that the solution should integrate seamlessly with their existing Citrix Métaframe based architecture ; XRT solutions complied with this request while offering additional benefits such as an intuitive user interface and ease of deployment. The solution also had to comply with the group’s demands in terms of security level, handling of large volumes of data, and ease of access for over 140 remote users throughout Europe processing high numbers of payment orders requiring appropriate validation through electronic signatures.

The subsidiaries that had previously implemented XRT solutions had already demonstrated a first return on investment. This initial productivity and cost improvement induced the group to extend the standardization process to the whole group.

The XRT solution deployed at the Mousquetaires-Intermarché Group will become the foundation of a common workspace - optimizing account balances and liquidity management, allowing more precise management of the cash position, streamlining payments and bank reconciliations and possibly leading to evolutions such as the use of French "Virements Commerciaux" (electronic discountable commercial transfers) to replace paper based payments.

"This new contract, together with our recent contract in the US with Cigna, demonstrates our capacity to offer solutions truly adapted to the needs of multi-site companies to optimize their Financial Value Chain" comments Didier Martin, Director of Large Accounts, XRT SEMEA (Southern-Europe, Middle-East, Africa). "Moreover, I am delighted by the signature of this new contract on a European scale with the Mousquetaires-Intermarché Group, which further confirms their confidence in our solutions and services."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development