A French family group, Groupe Rocher today has several renowned brands: Yves Rocher, Petit Bateau, Sabon, Stanhome, Dr Pierre Ricaud, Kiotis, ID Parfums Paris, Flormar and Arbonne International.
With 650 stores in France, 2,800 worldwide, 16,000 employees and a presence in 110 countries, the group's turnover amounts to 2.4 billion euros in 2022.
In 2014, all companies issuing over-the-counter orders had a very short deadline to deploy a solution meeting the new EMIR regulation. The Rocher Group was looking for a solution to automatically and securely data exchanges between its financial information system and the central repository of its choice.
The NEOFI solution has all the functions allowing you to connect to the software's relational database containing the necessary information, organize it according to the defined format and transmit it daily, in complete security, to the central repository.
The solution has been structurally designed for rapid implementation without risk. The adaptations were made by simple configuration without specific development based on processes already designed upstream by the NEOFI team to meet EMIR standards.
“ We were reassured because the “data exchange” part of the EMIR project was handled very quickly, allowing us to focus on all other aspects of this project. The NEOFI software and the expertise of the NEOFI Solutions consultants made it possible to this part of the project very quickly The treasury team is now autonomous to make future adaptations”
The NEOFI Link solution provides great flexibility and the teams have been very responsive in responding to regulatory changes: Groupe Rocher feels great peace of mind in the face of future EMIR developments. Thanks to its ease of configuration, Groupe Rocher now uses NEOFI to respond to other issues within the Treasury department.
