In 2009, when executives of Lille, France-based Oxylane looked to their growing company’s future, they realized that their existing risk management technology would soon be incapable of meeting their needs. Oxylane is an international creator and distributor of sports products that produces an average of 3,500 new products each year and employs more than 50,000 workers globally. Along with sports product research and development, Oxylane operates more than 700 retail outlets in 30 countries as well as several online stores and ships some 500 million products every year from warehouses around the globe.
Riskconsole Delivers Risk Reporting and Analysis
As Oxylane evaluated its needs for risk management technology, it became apparent that workflow automation would be an essential element of the company’s move toward enhancing the efficiency of its risk management program.
Oxylane turned to Aon RiskConsole to meet its growing risk management technology needs. We spoke with Christophe Molina, Oxylane’s group risk manager, about how RiskConsole has helped the company streamline its risk management operation. “Oxylane is a network of autonomous companies, with decentralized information networks,” Molina explained. “For instance, we needed a risk management information system capable of managing claims processes as well as delivering robust risk reporting, analysis and reporting.” Switching to the automatic claim notification by the store immediately saved up to 250 work hours in the Insurance department. Also, extracting information directly from financial accounting has resulted in a gain of around 12 working days.
“Today, RiskConsole is at the heart of Oxylane risk management,” Molina observed, “and we include it in any consideration of new processes or improvements to existing ones.”
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