Legal

Empik Media & Fashion Group SA Ensures Consistency and Coherence of Financial Data

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Executive Summary

Empik Media & Fashion (EM&F) Group SA wanted to meet demand for processing an increased volume of financial data, resulting from the group's growth during 2006 to 2008 and provide a management system for the group's performance across multitiered reporting frameworks, including cost structure comparisons for newly-opened toy stores across different regions and countries. The challenge was to ensure consistency and reliability of diverse financial data from six lines of business and several international companies, each of which requires management according to local legal requirements and procedures. Empik Media & Fashion (EM&F) Group SA implemented a single, consistent reporting engine for EM&F group companies with Oracle's Hyperion Financial Management.

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