The Rémy Cointreau Group has given new momentum to the transformation of its finance function through the OneStream platform. This major development has enabled the French spirits specialist to reduce its monthly close cycle by two days, simplify financial consolidation and increase the reliability of its data worldwide.
A Clear Strategy: Unifying and Enhancing the Reliability of Financial Reporting
Founded in 1724, Rémy Cointreau now comprises nearly 50 consolidated subsidiaries worldwide. Faced with the growing complexity of its consolidation and reporting systems, the Group chose to rely on OneStream to streamline its tools and modernise the finance function.
“Our objective was twofold: streamline our financial reporting while retaining all our existing functionalities. We were looking for a solution capable of simplifying our workflows and making our financial environment more intuitive,” explains Véronique Gerbod, Group Finance & Reporting Director at Rémy Cointreau.
Thanks to the OneStream platform, the Group was able to centralise its databases, eliminate silos between teams, and become more responsive in its analyses.
A Flexible Platform Suited to Modern Finance Challenges
Beyond consolidation and reporting, OneStream has enabled Rémy Cointreau to extend the functional scope of its system to new areas, such as ESG reporting, tax reporting and foreign exchange impact analysis.
The granularity of the data – by product, business unit and customer – now provides a much more detailed view of the Group’s performance. This level of detail improves the understanding of variances and enhances the accuracy of analyses.
“With OneStream, all monthly reporting data is extracted faster and more reliably. Overall, we have saved two days in our monthly close process,” notes Véronique Gerbod.
Tangible and Measurable Results
According to the publisher, before the deployment of OneStream, Rémy Cointreau’s teams had to populate several separate databases, resulting in lengthy and laborious reconciliations. Now, a single file is generated each month, ensuring better traceability and greater data reliability.
The financial consolidation process is carried out faster, with detailed analyses by distribution channel, product or country. Integrated calculations for inventory margins and foreign exchange impacts further enhance the Group’s financial understanding.
A Human and Collective Success
The success of the OneStream - Rémy Cointreau project also rests on strong human commitment. The Group prioritised internal skills transfer rather than replacing teams, thereby encouraging rapid adoption of the solution.
“This unifying project enabled us to bring teams together around a shared, scalable tool. Working on a unified platform has made our employees more versatile and autonomous,” concludes Véronique Gerbod.
source: onestream.com
