Introduction of prevero CPM solution set to replace the lack of transparency and time-consuming processing of previous Excel-based processes
prevero, a Unit4 company and a leading provider of Corporate Performance Management (CPM) and Business Intelligence (BI) solutions, has announced that Villeroy&Boch AG has implemented a prevero Corporate Performance Management (CPM) solution to support its risk management and financial planning activities.
Villeroy&Boch is one of the world’s leading premium brands for ceramic products. The family business, which was founded in 1748, stands for innovation, tradition and exceptional style. As a renowned lifestyle brand, Villeroy&Boch offers a broad range of products covering Bathrooms, Wellness and Tableware, and is active in 125 countries.
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The company consists of more than 55 companies and 14 production sites in Europe, Asia and the Americas. Risk management and production finance planning modules are up and running in 12 international sites and the complete solution for corporate financial planning will be implemented in 2017. prevero CPM was selected after a detailed requirements evaluation and a proof of concept in which Villeroy&Boch’s own data structure was used as a template and displayed in prevero.
Commenting on the announcement, Pascal Speicher, Corporate Financial Controller and CPM project manager at Villeroy&Boch, said: “with the introduction of the prevero risk management tool, the previous lack of transparency and time-consuming processing via Excel will be a thing of the past. Our primary goal for financial planning is to work within an integrated system with uniform planning logic throughout the Group. We also wanted an intuitive and user-friendly interface. The prevero software has fulfilled all our requirements. It is extremely flexible and supports self-service, so our users can work independently.”
Alexander Springer, CEO and co-founder of prevero, added: “we are very pleased that we were able to win Villeroy&Boch as a new customer. What is particularly exciting here is that we can support this important traditional company across its entire planning function.”