Royal Canin manufactures and supplies dog and cat feed worldwide. The company also undertakes research into the formulation and testing of breed and symptom specific nutritional requirements of dogs and cats. Aimed primarily at breeders, production steadily increased and distribution extended further into the European market. Sold to the Guyomarc'h Group in 1972, it underwent a further period of expansion, especially in the area of research and development, before being purchased by the Paribas Bank in 1990. The company was floated on the French stock exchange but removed later after it was sold to the Mars organization.
Expertise Moore Stephens CFO Services
- Change management
Royal Canin was facing employee turnover and needed extra support. They had to ensure the continuity of the financial department and were looking for flexible and hands-on assistance with their periodic closing process of the accounts in Navision and the completion of their periodic reporting in Hyperion. Additional support was also required during the preparation of the budget and the forecast, as well as for specific ad hoc projects, such as the merger of companies, inventory follow-up, etc…
The Moore Stephens CFO Services team is known for its hands-on approach and a broad practical knowledge and experience regarding accounting, closing processes, management and group reporting and budgeting. The assistance was delivered in a flexible way on demand and on site, using the client’s software in order to follow internal procedures set by the shareholder.
Moore Stephens CFO Services ensured the continuity of the financial activities. Periodic closings, different reporting’s, forecasting and budgeting were finalized and delivered and timing was respected. Specific requests regarding ad hoc projects were tackled in a systematic and transparent way. Finally knowledge was transferred to people newly hired by the client, giving them the opportunity to work autonomously.