Renner consolidates financial information and gains agility in decision-making with Oracle Cloud

Lojas Renner S.A. is a fashion and lifestyle ecosystem characterized by its strong online and offline presence, with more than 650 physical stores across Brazil, Uruguay, and Argentina. In a dynamic retail market, it is essential to stay aligned with fashion trends and consumer behavior while maintaining a responsible and sustainable business approach.

Due to its broad geographical footprint, the company often faced operational challenges in administrative, financial, and controllership management. Its previous financial planning solution, Oracle Hyperion, met expectations but presented limitations that could hinder future process improvements. Therefore, Renner sought a new tool capable of consolidating business information, improving closing efficiency, and enabling faster, more accurate data analysis for decision-making.

After a thorough market analysis, Renner looked for a solution that not only followed market trends but also promoted responsible and sustainable operations. The company found in Oracle Enterprise Performance Management (EPM) the integration and standardization capabilities needed to consolidate its various business units within a unified environment—bringing time savings, faster processing, greater stability, and more accurate data reporting.

Oracle’s prior experience and successful history with Renner in similar implementations were decisive factors. Oracle demonstrated a strong competitive advantage, providing industry expertise and deep sector knowledge that added value to the project, ensuring a precise, risk-free implementation with no disruption to business operations.

The implementation brought a significant increase in the accuracy and depth of financial and operational information, allowing a comprehensive and detailed view of business performance across areas and levels.

The consolidation (FCCS) and planning modules of Oracle Cloud EPM deliver more precise results analysis, facilitating strategic decision-making and directly impacting business performance. The solution also enhanced data security and reporting quality, while the data consolidation process was reduced from 60 minutes to just 3 minutes.

This operational efficiency improvement allowed the team to focus on more strategic activities, perform deeper analyses, and collaborate more effectively with stakeholders, executives, and board members. The time saved not only increased operational efficiency but also improved employees’ quality of life.

Ninecom was responsible for planning and implementing Oracle Cloud EPM. With extensive experience in the solution, the company completed the implementation and data migration within the expected timeline and scope.