Case Studies Hunkemöller Transforms Financial Reporting with OneStream

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	Hunkemöller Transforms Financial Reporting with OneStream

Hunkemöller Transforms Financial Reporting with OneStream

Technology Category	Analytics & Modeling - Predictive Analytics Functional Applications - Enterprise Resource Planning Systems (ERP) Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries	Retail
Applicable Functions	Business Operation Quality Assurance Sales & Marketing
Use Cases	Inventory Management
Services	Software Design & Engineering Services System Integration Training
Challenge	Hunkemöller was using Hyperion Enterprise for their corporate performance management (CPM) needs, but the system was outdated and no longer supported. The legacy product could not fulfill Hunkemöller’s demands as the lingerie brand was growing at an exponential rate. Hunkemöller needed a modern CPM platform that could streamline reporting processes and provide quick and easy access to individual store data. The old system was end-of-life, kept crashing, and wasn't meeting their information needs. They needed a solution that would enable them to respond quickly to critical business data. Read More
About Customer	Hunkemöller is Europe’s leading and fastest-growing lingerie brand, with more than 900 stores across 25 countries. Founded in Amsterdam in 1886, the company has developed into a pan-European, omni-channel lingerie brand. Hunkemöller delivers perfect fitting, fashionable, and high-quality bodywear products across various categories including bras, underwear, nightwear, swimwear, and fitness. In 2018, Hunkemöller was voted Best Lingerie Retailer of the year in the Netherlands, Germany, Spain, and Switzerland. Read More
Solution	Hunkemöller selected OneStream as their new CPM platform after considering Oracle HFM and CCH Tagetik. OneStream was chosen for its platform-based application, which allows for additional processes under the same platform and license. This unified approach means that data comes from a single source, eliminating the need to reconstruct data. Hunkemöller partnered with Sonum / Finext for the implementation due to their experience with retail, OneStream, and their excellent consultants and customer support. The implementation focused on capturing different sales channel data and providing insights at the store level into margins and turnover per product category. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Functional Applications - Enterprise Resource Planning Systems (ERP)

Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Retail

Applicable Functions

Business Operation

Quality Assurance

Sales & Marketing

Use Cases

Inventory Management

Services

Software Design & Engineering Services

System Integration

Training

Challenge

Hunkemöller was using Hyperion Enterprise for their corporate performance management (CPM) needs, but the system was outdated and no longer supported. The legacy product could not fulfill Hunkemöller’s demands as the lingerie brand was growing at an exponential rate. Hunkemöller needed a modern CPM platform that could streamline reporting processes and provide quick and easy access to individual store data. The old system was end-of-life, kept crashing, and wasn't meeting their information needs. They needed a solution that would enable them to respond quickly to critical business data.

About Customer

Hunkemöller is Europe’s leading and fastest-growing lingerie brand, with more than 900 stores across 25 countries. Founded in Amsterdam in 1886, the company has developed into a pan-European, omni-channel lingerie brand. Hunkemöller delivers perfect fitting, fashionable, and high-quality bodywear products across various categories including bras, underwear, nightwear, swimwear, and fitness. In 2018, Hunkemöller was voted Best Lingerie Retailer of the year in the Netherlands, Germany, Spain, and Switzerland.

Solution

Hunkemöller selected OneStream as their new CPM platform after considering Oracle HFM and CCH Tagetik. OneStream was chosen for its platform-based application, which allows for additional processes under the same platform and license. This unified approach means that data comes from a single source, eliminating the need to reconstruct data. Hunkemöller partnered with Sonum / Finext for the implementation due to their experience with retail, OneStream, and their excellent consultants and customer support. The implementation focused on capturing different sales channel data and providing insights at the store level into margins and turnover per product category.

Impact #1	Hunkemöller has dramatically accelerated the closing process, reducing it from a week and a half to just five days.
Impact #2	The new system provides direct and instant access to individual store level results, improving management's ability to perform like-for-like comparisons across all stores.
Impact #3	The detailed reports in OneStream allow for insights into store-level data and products by category, enabling better benchmarking and analysis.

Impact #1

Hunkemöller has dramatically accelerated the closing process, reducing it from a week and a half to just five days.

Impact #2

The new system provides direct and instant access to individual store level results, improving management's ability to perform like-for-like comparisons across all stores.

Impact #3

The detailed reports in OneStream allow for insights into store-level data and products by category, enabling better benchmarking and analysis.

Benefit #1	Reduced the close process from a week and a half to five days.

Benefit #1

Reduced the close process from a week and a half to five days.

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Overview

Hunkemöller Transforms Financial Reporting with OneStream

Operational Impact

Quantitative Benefit