Retail







Our solutions for the Retail market

Retail market

Retail is characterized by the continues erosion of margins and to maintain an acceptable level of profitability one must work primarily on the organization. This often leads to technological investments, so it is important to find solutions that help expand the organization with the idea of cost saving.

The information system that assists Retail companies is divided mainly into two major areas: systems supporting the management of purchases and sales on the one hand and all that does not relate to this field (personnel, administration, marketing, investments ...) on the other. In the first area there are vertical systems on the market that have an extremely effective functional coverage, but often insufficient in the non-goods areas. In the other areas the needs of the Retail companies are the same as any other type of company.

SINGLE INTERLOCUTOR WITH INTEGRATED EXPERTISE – COST REDUCTIONS MADE FOR GREATER PROFITS IN THE COMPANY – FULLY INTEGRATED WITH ALL ERP SYSTEMS

Our Aim

The challenge is to plan and control the company taking into account the complex multidimensional models that describe it (channel, organization, territory, product, timetable, advertising campaign, ...), by linking the operational areas with the capital and financial ones by using a consolidated logic. In particular, the following objectives need to be achieved:

  • Develop the planning of sales and margin in a more detailed way by introducing the actual parameters that influence these phenomena, in particular the advertising campaigns and effects of timetabling.
  • Create integrated planning models that are able to manage in a single application both the strategic plans and the various forms of budgets.
  • Collaboratively link the budget costs (sales with HR, marketing expenses, leasing, maintenance and investments in new openings and renovations). This allows you to simulate the impact of each component on the profit and loss account but above all it allows you to have a provisional overview of the effects on the balance sheet and cash flow.
  • Manage discounts and premiums both in a final balance and in forecasting for both administrative and management processes (management of accrued period for item/supplier).
  • Pay closer attention to the closure of operational periods by keeping in mind not only the economic component but also the capital and financial ones too. One needs to link in a structured way the feeder systems and reconcile management data with the accounting system.

Our Solution

THANKS TO THE PARTNERSHIP WITH CCH TAGETIK, THE SOLUTION PROPOSED BY AKERON IN CFO AREA IS DEVELOPED AROUND THE FOLLOWING TWO MAIN ASPECTS:

retail market ico 1Unity,

collaboration,

built-in

retail market ico 2


Specific features

This is a complete and integrated CPM solution for the management of cross industry processes. This is the top solution on the market with worldwide acknowledgments and high level ratings given by analysts like Gartner and Forrester. All of which has created the following benefits:

 

  • The use of one single database and dimensional module allows processes to be unified and integrated making collaboration among contributors easier
  • Using the same platform per the actual and provisional data provides perfect conditions for the analysis of variances
  • Native built-in functionalities (Cost Allocation and Fast Closing, Financial Planning, consolidation, budget)  which allow a significant reduction in project deadlines avoiding errors in the analysis and design of the solution
  • A fully integrated solution for financial planning/forecasting and sales/operational planning

Specific applications for the management of typical processes of the Retail market. Within the same software proposal we have developed specific applications which respond promptly to Retail needs:

 

  • Planning and management related to promotional discounts and premiums by using Akeron TP
  • Planning and management of costs and investments using Expense Management
  • Operational management of real estate with reference to active/passive leasing (minimum guarantee, Istat adjustments…)  and utilities with Akeron RE

Key features and advantages

STRATEGY AND EFFICIENCY

The model we propose allows an extremely efficient management of forecasting processes in terms of integration and unification that spreads from a three-year plan to the planning and control of costs and investments (also by contract) on a single application.

COST-EFFECTIVE APPROACH

The solution we propose is able to manage the complex matters of company growth by reducing in a significant way all operating costs, such as hardware infrastructure, licenses, fees, consultancy services and application maintenance.

MODEL MANAGEMENT

The control model is centrally managed on a single application guaranteeing coherence among the various project areas.

BUDGET RECONCILIATION

The entire planning process is managed on a single platform, therefore the reconciliation and collaboration among the various parts of the company is guaranteed. Each activity and phase of the process is implemented in the same software.

BUILT-IN AND VERTICAL COMPETENCES

Our solution is one of a kind as it completes Tagetik’s offer by adding to the benefits of its built-in modules, specific skills of our vertical products (not in CPM): Akeron TP for the management of off-invoice discounts and promotions and Akeron RE for the management and planning of real estate costs like active/passive leasing and utilities.


 

Some of our clients

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