How L'Occitane Group optimised their FX risk management with automation

The L'Occitane Group is a leading international manufacturer and retailer of sustainable beauty and wellness products. It has operations in 90 countries worldwide with 3,000 retail outlets, including over 1,300 of its own stores. The company sought to eliminate manual processes from its FX risk management, creating a more efficient and secure process while freeing up its treasury team to focus on enhancing hedging strategies.

FX CHALLENGES

Managing FX for a global company like L'Occitane Group came with immense pressure. Each day brought a flood of data, handled through demanding manual processes that introduced significant operational risks. Tracking currency exposure across multiple countries was a constant challenge for the Treasury team. They needed automation to streamline tasks and take better control of their FX strategy.

THE  SOLUTIONS

Currency Management Automation provided the answer. L'Occitane Group partnered with Kantox to automate their FX management using Kantox's Dynamic Hedging®, an award-winning solution that allowed the beauty manufacturer to build a bridge between their existing financial system and their FX data.

Using API connectivity, Kantox seamlessly integrated with L'Occitane Group's ERP system to automate FX management based on pre-defined rules tailored to the company's financial goals.

THE BENEFITS

The results were significant. L'Occitane Group could now monitor exposure across 15 currencies in real-time. By eliminating manual processes, they saved time, enhanced security, and reduced operational risk. Best of all, FX tasks that once consumed their days were now automated, freeing up the treasury team to focus on more strategic financial initiatives.

L'Occitane Group's story showcases the power of FX risk management automation. Through their partnership with Kantox, they transformed FX management from a cumbersome task into a streamlined, secure, and controlled process—an outcome any global company can appreciate.

"This implementation demonstrates that automation of treasury processes offers far more than simply removing manual tasks from the treasurer’s to-do list. It supports strategic thinking and enables treasury to add greater value to the organisation." - Quentin Jarret, Front Office Treasurer at the L’Occitane Group

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