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Majorel

Majorel

Cases

OneStream XF implementation at Majorel

Satriun helped Majorel leveraging the OneStream XF CPM technology and taking the finance function to the next level.

in August 2021 we spoke with we spoke with Lotfi Kabbaj, VP Finance Transformation at Majorel, about how he is leveraging tech and taking the finance function at Majorel to the next level. During our conversation, Lotfi revealed 3 inspiring gems that you can learn about by listening to the podcast.

One of the reasons we chose Satriun Inplenion* is their commitment. Consulting is about people and when consultants are committed, that secures your project – committed to respect the timeline, to deliver within the agreed budget and to not settle for standard, but go the extra mile. With Satriun Inplenion we found the right partner that made our OneStream implementation project a success!

Lotfi Kabbaj

VP Finance Transformation, Majorel

* Satriun and Inplenion have created a joint venture in France, in 2020, to join forces and become a local leader in the implementation of OneStream’s Corporate Performance Management solution.

Want to hear the whole conversation?

Listen to our Calling Corporates podcast! Every couple of weeks we upload new interviews.

Majorel designs, builds and delivers end-to-end CX for many of the world’s most respected digital-born and vertical leading brands. Majorel brings together Bertelsmann and Saham Group’s worldwide customer experience businesses into a new global leader with comprehensive east-to-west global footprint in 31 countries across five continents, with 63,000+ team members and 60 languages – that means that Majorel can deliver flexible solutions that leverage its unique expertise in cultural nuance – essential for true excellence in CX. Majorel is listed at the Amsterdam stock exchange Euronext (MAJ).

Cable Connectivity Group

Cable Connectivity Group

Cases

Cable Connectivity Group

OneStream XF

Cable Connectivity Group, a European leader active in the production, distribution and assembly of specialty cables and cable connectivity solutions, has more ownership over data and reporting and more consistent, higher quality and better auditable data thanks to its new OneStream XF corporate performance management cloud platform implemented by Satriun.

Key challenges

  • IFRS-based financial consolidation and reporting
  • Actual data acquisition from 12 different data sources
  • Budget and forecast data acquisition
  • Financial statements, IFRS disclosure notes and non-financial performance indicators
  • Focus on and automation of cash flow statement and short-term cash flow planning

 

Project highlights

  • Monthly consolidation incl. equity pick-up & automatic equity consolidation incl. CTA
  • Senior Facility Agreement (SFA) compliancy and SFA-specific cash flow statement
  • Integrated data model for IFRS- and management reporting purposes
  • Weekly cash planning, 13 weeks rolling forward
  • Tax accounting including generation of tax journals to be posted in general ledgers

 

Key benefits

  • More ownership over data and reporting
  • More consistent, higher quality and better auditable data
  • Reduced manual effort during the consolidation process
  • Valuable insight into cash flows statements and equity consolidation
  • One integrated data model and platform as a single source of truth

We were keen to use the momentum of replacing IBM Cognos Controller with OneStream XF to enhance our financial consolidation and reporting processes and methodologies. Satriun has demonstrated their capabilities to advise us with best practices, enabling us to consolidate and report faster and with increased value added to our board of management.

Geert-Jan Ottenheym

Group Controller , Cable Connectivity Group