Auchan deploys Mona InterWeb

12 November 2012

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Brussels, 12 November 2012 – Auchan, The French retail group, deploys Mona InterWeb, the full web Sigma Conso solution to all entities in the world to cover the entire process of reconciling its intercompany transactions.

The establishment of Mona InterWeb must allow the finance team Auchan centralize data , to facilitate the analysis, to ensure the completeness and consistency of intercompany balances perfectly reconciled with those included in the accounts consolidated , more reliable information and expedite the resolution of disputes.

Via a state specific reporting , the system will also provide listeners group traceability allowing quick and easy auditing of all data.

Isabelle Bouvier , Director Consolidation and Financial Systems Auchan Group , explains: “We wanted to accelerate the process of reconciliation of intercompany accounts while increasing its quality. So we decided to set up a friendly and efficient dedicated to this process collaborative portal .

Mona InterWeb has all the features we need.

The solution is robust: this term is a volume of 300,000 transactions that will close the tool.

In addition , following the life-size tests this summer , this product has been accepted by more than 90% stakeholder in the group , which demonstrates its usability and ease of handling.

We realized easily first season intercompany reconciliation within the usual time.

The establishment of Mona InterWeb allows already to improve collaboration between entities and to obtain reliable data quickly.

Our ambition is to prepare us to make these comparisons in the future at the accounting transaction to utilize the functionality of automatic reconciliation provided in the tool.

The connectivity with our consolidation software is provided: it can be fed automatically with the intercompany balances from Mona InterWeb. ”

Dominique Galloy , CEO of Sigma Conso , added: ” Mona InterWeb is the second generation of software dedicated to intercompany reconciliation process developed by Sigma Conso.

Our development teams have focused on ergonomics Mona InterWeb to minimize the risk of change.

We are pleased to have initiated this partnership with Auchan and assist them in optimizing their accounting processes. ”

About Auchan Group
Twelfth distribution group in the world, the Auchan Group is present in 12 countries and employs 269,000 people. It is organized into five businesses: hypermarkets ( 653 owned stores and 23 mandates, partners and franchises ) , supermarkets (built in 1665 and 765 franchises or associates) , commercial property ( Immochan ) and bank ( Banque Accord ) , e- trade, and growth drivers . In 2011, the turnover of the Group amounted to 44.4 billion euros excluding taxes , of which 55 % outside France.
For more information , visit www.groupe- auchan.com