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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
The 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Hunkemöller was using Hyperion Enterprise for their corporate performance management (CPM) needs, but the system was outdated and no longer supported.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 The 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.
The 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.
Operational Impact
Quantitative Benefit
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