Retail business pains and UNIT4 solutions

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Retailers operate in a constantly changing landscape influenced by shifts in competition, technology and customer expectations. UNIT4's record of working with big names in UK and global retail has helped us develop solutions that address these issues. This short presentation sets out what we see as some of the main challenges retailers face and how we can help you overcome them.

Transcript of Retail business pains and UNIT4 solutions

  • 1.Retail business pains & UNIT4 solutions

2. 2 PAIN #1 Consumer spending led recoverycombined with technology revolution = huge opportunities. was spent by consumers in Q4 2013 alone. How do make sure you dont let it slip through 250bn your fingers? 3. 33 PAIN #2 Fickle consumers, unpredictable weather, new trends, fashions and competitors. Retailers operate in a constantly changing landscape. Flexibility and scalability are hardwired into retailers DNA. Their finance system must support that. 4. 4 *Ibis World If you ignore these channels and their revenue, do you think your rivals will too? New channels are exploding, e-commerceis predicted to grow 11.8% every year to 2019* and m-commerceeven faster, but most retailers dont have mobile sites, apps or tablet-optimised interfaces. PAIN #3 5. 55 But new channels arent free and with consumers able to shop anywhere for the best deal, theres more pressure on margins than ever. but not at the expense of being flexible and able to scale up and down to respond to demand. Just ask HMV. Cost control is vital PAIN #4 6. 6 SOLUTION #1 Costs, profits, losses, revenue, margins. Everything comes down to money. Your finance system has to be the eyes and ears at the core of your operation. It must give you an accurate, real-time view of everything that affects your profitability. 7. 77 SOLUTION #2 Having visibilityof sales, margins, stock, profits and cash reconciliation gives you the ability to analyse performance and the flexibility to respond to the market. 8. 8 Modern challenges demand technological solutions. Your finance system must offer integration, multiple deployment options, intuitive interfaces and the ability to support expansion both here and across the world. SOLUTION #3 9. 99 SOLUTION #4 Real-time databases, providing essential retailing information and available to store staff, web team, warehouse and purchasing give a single version SALES REPORTING of the truth. 10. Above all your vendor must have the right credentials and a track record of delivering success in retail. Talk to one of our retail finance experts today. 10