Mr. Bricolage Group, A Leading DIY Retailer in France, Digitally Transforms Its Purchasing Processes With Corcentric Procurement
Paris, France – June 3, 2021 – Corcentric, a leading provider of business spend management and revenue management software and services, announces today that Mr. Bricolage, a leading specialist in DIY retail in France, has implemented Corcentric’s modular SaaS Procurement Solution.
Over the past four years, the Mr. Bricolage Group has been growing to become a leader in the home and garden DIY space, and is targeting to have 1000 retail outlets by 2028. To enable this growth, Mr. Bricolage Group has digitized its procure-to-pay processes to better support the development and performance of its network of stores by implementing the Corcentric Procurement Solution.
Corcentric’s modular Procurement Solution stood out for its ability to meet the complete range of needs across the Purchasing, Accounting and Operational Departments at the Mr. Bricolage Group. Initially deployed in December 2020 to 110 users, the Corcentric Platform empowers buyers at Mr. Bricolage headquarters to:
- Automate approval processes
- Improve compliance of budget commitments
- Gain visibility and reliability of orders and audit trails
- Facilitate exchanges with off-site operational staff
- Centralize budget monitoring
- Automate the calculation of monthly provisions
“We were looking for a tool that both saves us time and allows us to guarantee the reliability of purchasing data. Implementing the Corcentric solution and a new purchasing process required training users on the tool and gain autonomy in monitoring their orders.”
— Ingrid Meurlargé
Accountant SAR – Mr. Bricolage
In addition to enhanced purchase-to-pay functionality, Corcentric Procurement will enable Mr. Bricolage to implement electronic invoicing (e-Invoicing) to be in compliance with the 2020 European Union finance law. This requires electronic invoicing for B2B transactions as of 2023.
“The Corcentric Procurement Solution has changed the way we work. The Accounting Department is now focusing on missions with higher added value. Time-consuming tasks such as manually clocking purchase orders have been eliminated. We are improving overall efficiency in the Purchasing, Finance and Accounting processes. This digitization project has also enhanced the work of the accounting teams by providing a concrete response to the challenges imposed by the particular current context.”
— Stéphane Chabrillat
Group Accounting Director – Mr. Bricolage
Ultimately, nearly 25,000 invoices will be processed each year in the Corcentric Platform. Mr. Bricolage also wants to set up a dashboard with personalized KPIs to facilitate reporting and management of its activities. Finally, the implementation of five punch-out catalogs is also being studied with the Group’s suppliers.
About the Mr. Bricolage Group
The Mr. Bricolage Group, which includes the well-known Mr. Bricolage and Les Briconautes brands, is a specialist in independent DIY retail commerce in France. As of January 31, 2021, the Group had 879 retail outlets, under its own brand or affiliates, including 71 stores located internationally in 10 countries.
Mr. Bricolage SA is listed on Euronext Growth Paris (ISIN code FR0004034320 – ALMRB).
Corcentric is a leading provider of payments, accounts payable, and accounts receivable technology to enterprise and middle-market companies. Corcentric delivers software, advisory services, and payments focused on reducing costs, optimizing working capital, and unlocking revenue. To learn more, please visit corcentric.com.