Retail Management Reporting and Planning

The Challenge

  • Standardize financial management reporting into a single and centralized application
  • Reduce complexity and standardize the budget/forecast process for retail store entities
  • Facilitate the upload of actual data into the system with minimum human/manual data input
  • Better visibility into the data and making it more easily accessible

The Solution

  • The Apparel Retailer partnered with AdvancedEPM Consulting to design and implement Oracle Essbase and Leveraged FDQM as the platform for management reporting, budgeting and forecasting.
  • Implemented solution has the flexibility to analyze consolidated data through multiple views
  • Ability to visualize results and perform detailed analysis on a monthly basis
  • Deeper analysis at the retail store level while retaining the overview by country, attributed to the multidimensional capabilities
  • User friendly report and analysis templates assisted managers in looking more closely at key performance indicators (KPI’s) and drill down into the raw data
  • Solution included FDQM in order to facilitate actual figures data loading: managing the data collection, mapping, validation and loading of the financial data in a simple and structured way
  • A powerful integration with Microsoft office ensures that data is easily accessible and presented in the most optimal way, facilitating less time manipulating data
  • Improved and faster close process