"The TMS is now central to the collaboration of our teams, who have collectively re-evaluated the processes and committed to a large-scale project. The buy-in is complete, and the project led with Diapason is unifying"
Director of Treasury Financing, Fnac Darty Group
About the Fnac Darty Group
France’s leading group in the high-tech, home appliance, and cultural goods sectors.
The context of the project with Fnac Darty
The global health crisis has made optimal cash management for the group vital, both in real-time and in forecasting. Emphasis is also placed on the need for a detailed analytical view of cash positions to ensure overall performance.
Fnac Darty has decided to create a new Finance and Treasury Department (DFT) with the objective of better understanding, controlling, and forecasting cash. The DFT aims to prioritize the gradual deployment of a Treasury Management System (TMS) and to support teams through a smooth change process, despite significant complexities involved in the project:
The solution provided by myDiapason
Fnac Darty selected the myDiapason Treasury Management System (TMS) to meet the business needs of the group and its subsidiaries. Hosting the data on a European cloud was imperative to address the group’s localization and confidentiality requirements.
The Fnac Darty teams were supported throughout the project. The different stages were validated quickly, while promoting tool adoption and managing the change process effectively.
"We were impressed by the support and expertise of the project team. They are craftsmen with a deep understanding of our industry and an truly impressive ability to listen to clients. In our pursuit of the impossible, the Diapason teams never said no and always found the right solution."
Director of Treasury Financing, Fnac Darty Group
The results for the Fnac Darty Group
The project enabled Fnac Darty to merge its finance and harmonize the management of its treasury across its various brands, along with many other successes such as:
"Our profession is undergoing profound transformation. As value creators, our enhanced treasurers have now become key players in performance and cash management, at the heart of financial challenges and corporate strategy."
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