The financial department wanted reliable consolidated data to provide increased support for the Vranken-Pommery Monopole group’s international growth. Implementation of Mona Group Reporting provided the best possible solution for simplifying the collection and consolidation of a range of data (accounting information, analytics, employee data, etc.).
Catherine Freyermuth, Head of Consolidation and Reporting at Vranken-Pommery Monopole says: “We knew immediately that Mona Group Reporting was right for us. We particularly like the ergonomics of the application, which we were able to learn very quickly. We customised the parameters (creation of a group chart of accounts and of input screens for the entities, development of IFRS restitution reports, etc.) to adapt the consolidated reporting to our current needs.
The application is also very flexible. For example, we can easily duplicate a period to carry out tests to validate strategic choices.
Interfacing with our ERP system has enabled further process automation. The time savings and improvement in data quality are significant.
Our projects for 2015 include the implementation of Mona InterWeb, the interco reconciliation application we recently acquired.”
Dominique Galloy, Managing Director at Sigma Conso, explains: “One of Mona Group Reporting’s strengths is that it enables users to set application parameters themselves, including the chart of accounts, definition of scope, restitution report parameters and more… Users are in full control. The result is an application perfectly tailored to group needs at all times, at a lesser cost, because everything is done directly by the client.
Our applications perfectly meet the needs of groups listed in France that need to publish reliable accounting and non-accounting consolidated information in a timely manner and with a full audit trail.”
About Vranken-Pommery Monopole
The Vranken-Pommery Monopole group was founded in 1976 by Paul-François Vranken and is the second leading champagne producer. It is Europe’s leading wine grower, present in the Champagne, Provence, Camargue and Douro regions. Its brand portfolio includes:
It is also joint owner of the LISTEL brands portfolio with Group Castel.
The group had consolidated turnover of €322.9M in 2014, nearly 50% of which was international business. The group has nine distribution subsidiaries around the world (United States, Italy, Australia, Portugal, Belgium, Switzerland, Germany, Japan and England). The company is listed on the EURONEXT secondary market in Paris and the EURONEXT primary market in Brussels. For more information, seewww.vrankenpommery.com