Customer Case Study

Thermador Groupe chose N2F to standardize and simplify expense report management across its 21 subsidiaries

Founded in 1968, Thermador Groupe is a publicly listed company with 21 subsidiaries in Europe. Its decentralized structure allows each entity to manage its own operations while being supported by a holding company.

Industry: Specialized distribution
Founded in 1968
Presence: 21 subsidiaries in Europe

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The challenge

Optimize expense report management in a multi-subsidiary environment while improving team efficiency.

Why N2F?

Thermador Groupe was looking for an intuitive, easy-to-access solution that could adapt to the way it operates, especially for teams traveling internationally.

Key figures

21 subsidiaries
1,300 employees
€504M in revenue

The benefits of N2F

“Having most of our subsidiaries on N2F makes it easier for us to review everyone’s expense reports.”

Reduced expense report processing time
Better visibility and control over spending
Errors eliminated thanks to the ERP integration
Improved cost tracking and analysis

Implementation of N2F

N2F was rolled out at Thermador Groupe in several stages to ensure a smooth and efficient transition. An initial pilot phase was run with three subsidiaries to assess adoption of the solution and adjust the settings to each entity’s specific needs.

Thanks to this gradual approach, Thermador Groupe was able to adapt the N2F configuration to the requirements of its various subsidiaries. The involvement of the administrative and accounting teams was key to the success of the implementation. A dedicated project manager also supported the group to optimize the integration of the solution with its ERP and to facilitate user training.

Today, the subsidiaries that have adopted N2F benefit from better organized spending and a significant reduction in the time spent managing expense reports. New subsidiaries joining N2F can build on the experience of the early adopters for an even faster and more efficient rollout.