Alain Ducasse chooses SWIFT via exalog
French firm looks to replace domestic ETEBAC technology and benefit from Cash Reporting
Published on 17 September 2008
Groupe Alain Ducasse, a French restaurant group owned by chef Alain Ducasse, has signed up for exalog's ASP-based cash management platform. The move will allow the mid-cap corporate to communicate with all its international banks using a single platform. It will also enable it to replace the domestic French X.25 Echanges Télématiques Banque-Clients (ETEBAC) protocol, which will be phased out in 2012, with the more modern SWIFTNet. 
“Allmybanks.net will enable us to consolidate international cash management data in one application – it is exactly what we are looking for,” says Frédéric Rivierre, Head Treasurer, Groupe Alain Ducasse.
Laure Boutron, International Business Developmenrt Manager, exalog , adds, “Thanks to SWIFTNet, we can now offer our customers real-time cash reporting services using a single channel.”