The French family group, Groupe Rocher, now includes 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 amounted to 2.4 billion euros in 2022.
In 2014, all companies issuing over-the-counter orders had a very short timeframe to deploy a solution compliant with the new EMIR regulations. The Rocher Group and securely manage data exchanges between its financial information system and the central repository of its choice.
NEOFI's solution has all the functions to connect to the software's relational database containing the necessary information, to organize it according to the defined format and to transmit it daily, securely, to the central repository.
The solution was structurally designed for rapid and risk-free implementation. Adaptations were made through simple configuration without specific development, using 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 the other aspects of the project. The NEOFI software and the expertise of the NEOFI Solutions consultants enabled us to this part of the project very quickly The treasury team is now autonomous in making any future adjustments.”
The NEOFI Link solution offers great flexibility, and the teams have been very responsive in adapting to regulatory changes: Groupe Rocher feels very confident about future EMIR developments. Thanks to its ease of configuration, Groupe Rocher is now using NEOFI to address other issues within the Treasury department.
