McGregor Fashion Group B.V. is one of Europe’s most successful fashion houses in the upper-market segment. It has 3,000 multibrand stores, 265 shop-in-shops, and more than 140 of its own and franchised stores under the McGregor, Gaastra, and ADAM Menswear names. The company operates in Europe and the Middle East.
McGregor Fashion Group chose Oracle Hyperion Financial Management to integrate financial and management reporting, provide visibility into the performance of all brands, in all countries, and via all channels to market, and gain the insights needed to deliver against its key objectives.
"Oracle Hyperion Financial Management is the Mercedes of consolidation tools," said Edwin Jägers, group controller, McGregor Fashion Group B.V. "It allows finance teams to combine cost, performance, and operational data, understand what drives profitability, and focus on outcomes that best achieve our strategic goals."
McGregor Fashion Group B.V. worked with Oracle Partner Tentive to complete the implementation of Oracle Hyperion Financial Management in three months. Tentive designed the solution around the company’s reporting needs, conducted user acceptance training, and provided pre- and post-go-live support. Tentive’s experience in managing Oracle Hyperion Financial Management implementations ensured the use of best practices at every stage and accelerated time to value.
"Tentive’s expert consultants have a wide range of different specializations and complementary skills, which meant they could meet all our needs," Jägers said. "They enabled us to complete the implementation within a tight deadline, go live on schedule, and achieve immediate benefits by closing our books 30% faster."