L’Oreal

Published On: 19th May. 2021

Business Challenge

Harmonizing data and transforming financial processes​

One of the world’s leading beauty brands, L’Oréal struggled with a decentralized culture that prohibited a global view of the business, was plagued by manual data crunching, had no ability to share best practices, or respond quickly to changes. ​ They needed to unify finance data, processes and analytics across their many divisions and countries.

To ensure sound governance and data accuracy, L’Oreal’s FP&A team made the business-critical decision to launch a single, centralized analytics platform built on solutions from IBM to serve more than 2,500 users worldwide.

“We had a lot of local solutions from users with data crunching and manual entry, but no ability to share the data with each other. We were lacking a common language on data and processes, which led to quality concerns.”
Laurent Mesnier, FP&A Information Systems Manager at L’Oreal

Transformation

L’Oréal transformed their finance function with a harmonized, centralized platform for planning, reporting and analytics providing a rich live view of their worldwide business for over 2500 users. ​

Using the power of Cognos Analytics and Planning Analytics, L’Oréal has unified their complex data and analytics to drive faster, more confident business decisions.​

By adopting a single system for all aspects of financial simulation and reporting, they can guide local controllers through consistent processes and best practices. ​

“With Planning Analytics and Cognos Analytics we have built a single and integrated solution for all aspects of financial simulation and reporting.  It made our financial operation easier and faster.”
Laurent Mesnier ​, FP&A Information Systems Manager​ at L’Oreal

Business benefits

  • Single portal consistently guides local controllers through all financial processes and best practices​
  • Saves management valuable time by instilling trust in financial figures across all levels of the organization​
  • Enabled quick response to regional trends and the shift to on-line channels in 2020​

Ready to find out more?

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If you’d like to see how IBM Planning Analytics can transform planning, modelling, budgeting and forecasting, please contact us today.

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