Retail business pains & Unit4 Solutions
Transcript of Retail business pains & Unit4 Solutions
In business for people.
Retail business pains & Unit4 solutions
In business for people.Page 2 Proprietary and ConfidentialMay 2, 2023 Unit4 in Retail
The situation• 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.
In business for people.Page 3 Proprietary and ConfidentialMay 2, 2023 Unit4 in Retail
New channels are exploding, e-commerce is predicted to grow 11.8%every year to 2019* and m-commerceeven faster, but most retailers don’t have mobile sites, apps or tablet-optimised interfaces.
If you ignore these channels and their revenue, do you think your rivals will too?
*Ibis World
In business for people.Page 4 Proprietary and Confidential
But new channels aren’t free and with consumers able to shop anywhere for the best deal, there’s more pressure on margins than ever.
Cost control is vital but not at the expense of being flexible and able to scale up and down to respond to demand.
Just ask HMV.
Unit4 in RetailMay 2, 2023
In business for people.Page 5 Proprietary and ConfidentialUnit4 in RetailMay 2, 2023
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.
In business for people.Page 6 Proprietary and Confidential
Having visibility of sales, margins, stock, profits and cash reconciliation gives you the ability to analysis performance and the flexibility to respond to the market.
Unit4 in RetailMay 2, 2023
In business for people.Page 7 Proprietary and ConfidentialMay 2, 2023
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.
Unit4 in Retail
In business for people.Page 8 Proprietary and ConfidentialMay 2, 2023
Real-time databases, providing essential retailing information and available to store staff, web team, warehouse and purchasing give a single version of the truth.
SALES REPORTING
Unit4 in Retail
In business for people.Page 9 Proprietary and ConfidentialMay 2, 2023 Unit4 in Retail
Above all your vendor must have the right credentials and a track record of delivering success in retail.
Over 350 leading retailers, including the world’s largest brands rely on Unit4 Financials for precise financial information and real-time reporting, better process automation and greater business performance: