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Royo Group Success Story

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About the Royo Group

Based in Valencia Spain, Royo Group (RGIB) is a European leader in the field of bathroom furniture and shower space in Spain, France, Italy, and Poland, specializing in the manufacturing of stylish shower trays and columns. The mission of Royo Group is to improve people’s quality of life in their most private living space by making the difference. Today, Royo Group produces more than one million pieces of furniture every year. For more information, visit www.rginternationalbathroom.com.

The Challenge

A thriving global organization, Royo Group has expanded in recent years, both organically and through acquisitions. Having inherited multiple non-unified information systems, Royo Group has seen a dramatic increase in the complexity of their financial reporting and planning processes. Their reliance on Excel spreadsheets and legacy systems for consolidation, planning and reporting made it difficult to obtain information on demand from each of their entities.

There was also a significant need to implement a more detailed and connected planning process. Working through hundreds of spreadsheets required a lot of employee time and dedicated attention. Making a change to annual budget involved excessive manual effort and was subject to errors that were difficult to locate and manage.

Royo Group needed digital transformation in the Finance Department to support financial close, reporting, and planning processes with improved insight across multiple locations. By implementing a unified platform that provided immediate access to relevant information, employees across each entity could dedicate more time to value-added tasks. Simply put, Royo Group needed a solution that would give them more control over their subsidiaries, present and future.

The OneStream XF solution

Royo Group completed a thorough evaluation of cloud corporate performance management (CPM) products from Tagetik, SAP, and Oracle, but needed a platform that provided more agility and scalability to support potential acquisitions. After two months of review, with the help of CIS Consulting, they chose OneStream XF to replace their bulky spreadsheets and legacy systems. OneStream XF would help Royo Group transform financial consolidation, planning and reporting processes as a single, unified solution that was easily accessible by multiple business units to streamline decision-making company-wide. In addition, OneStream’s XF Marketplace provides additional solutions that Royo Group previously could not address due to lack of resources.

“We were looking to deepen the information gathered from our subsidiaries to the maximum detail, without imposing a rigid corporate model” said Nicolás Salvador, CFO of Royo Group RGIB. “The other products we evaluated did not have this level of detailed integration that we solved with the functionality of OneStream’s Extensible Dimensionality®. We are now able to devote more time to analysis, understanding and execution,” Nicolás added.

About OneStream Software

OneStream Software provides a market-leading CPM 2.0 solution, the OneStream XF SmartCPM™ platform. OneStream XF unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed via the cloud or on-premise, OneStream’s unified platform enables organizations to modernize Finance, replace multiple legacy applications, and reduce the total cost of ownership of financial systems. OneStream unleashes Finance teams to spend less time on data integration and system maintenance – and more time focusing on driving business performance.

The OneStream XF MarketPlace features more than 50 downloadable solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations. We are driven by our mission statement that every customer must be a reference and success.

For more information, please visit OneStream Software onestreamsoftware.com or on Twitter
@OneStream_Soft.

About the Implementation Partner

CIS Consulting was the first OneStream partner in Spain. They are devoted to helping companies to adopt, implement and maintain a modern finance platform and analytics environment, using a proven-agile methodology and a deep knowledge to simplify the technical challenges of systems integration. Our dedicated team in Spain offers the training, resources and support your business users need to succeed. With more than 20 years of experience and hundreds of successful implementations globally, CIS Consulting has a network of more than 200 highly qualified consultants specialized in different sectors and business processes to help yield greater efficiency and profitably within your company. For more information, visit www.cisconsulting.io.