Hunkemöller is Europe’s leading and fastest-growing lingerie brand, with more than 900 stores across 25 countries. The company was founded in Amsterdam in 1886 and has since developed into a pan-European, omni-channel lingerie brand. Hunkemöller delivers perfect fitting, fashionable and high-quality bodywear products across bras, underwear, nightwear, swimwear and other categories including fitness. In 2018, Hunkemöller was voted Best Lingerie Retailer of the year in the Netherlands, Germany, Spain and Switzerland. For more
information, visit hkmi.com.
Hunkemöller was using Hyperion Enterprise for their corporate performance management (CPM) needs, however the system was outdated and no longer being supported. The legacy product could not fulfill Hunkemöller’s demands as the lingerie brand was growing at an exponential rate.
Hunkemöller needed a modern CPM platform that could keep up. One that would streamline reporting processes and provide quick and easy access to individual store data. “In addition to the more than 900 stores we have now, we’re opening another 80 each year,” said Hanno van Vuren, Financial Controller at Hunkemöller. “Our old system was pretty much end-of-life. It kept crashing and it just wasn’t meeting our information needs.” It was time to look for a modern CPM solution that would enable van Vuren and his team to respond quickly to critical business data.
The OneStream™ solution
Lacking critical insight into their business, Hunkemöller’s existing system needed immediate replacing. Speed and reliability were important factors for the selection process. Also, eliminating the high amount of manual work involved to get through the data would give Hunkemöller time back for high-level analysis.
Initially, Hunkemöller looked at Oracle HFM and CCH Tagetik. However, Hunkemöller had been recently acquired by a private-equity investor who called for more reporting, more dimensions and cross-sections. So after discussions with various implementation partners, they became aware of OneStream. Hunkemöller’s CFO became interested in OneStream, and after a demonstration of the software it was clear that OneStream was the preferred solution.
“We went for OneStream because it is a platform-based application rather than a modular one. If we want to add additional processes, such as strategic planning, it will come under the same platform and license,” van Vuren continued. “That also means that the figures come from a single source, so we don’t have to construct the data all over again.”
About the Implementation Partner
Sonum / Finext is the biggest independent consultancy firm in the Netherlands, with a team of certified consultants with a strong track record in Enterprise Performance Management solutions. As independent specialists, Sonum / Finext believes that the right performance management solution is determined by your situation. What is the context, what are the goals you want to achieve and what you’re your business needs? Sonum / Finext is happy to advise and assist during the selection process. For more information, visit finext.nl/en.
About OneStream Software
OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.
OneStream’s Intelligent Finance platform can easily be extended with over 50 solutions from the OneStream MarketPlace™. These downloadable solutions are fully battle-tested and optimized for the OneStream platform. They allow customers to easily extend the value of their investment to meet the changing needs of finance and operations.
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