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Retail Success Story

Company – High-end Fashion Retailer
Industry – Retail
HQ – Manhattan, NY, NY
Global Scale – $3B in Revenue, 70+ retail locations
Known for their trend setting ballet flats and forward thinking designs, this retailer is a fashion industry success story. Experiencing incredible success on the runway and in global markets, this company turned to SAP Business Planning and Consolidation (BPC) on HANA to provide a scalable financial planning, consolidation and reporting solution.

Business Goals

  • Business Growth – Implement BPC budgeting to manage/report/analyze company results in comparison to plans and corporate initiatives
  • Business Efficiencies – Integrate financial close and financial planning processes with core ERP systems for true “one version of the truth” across all financial systems
  • Business Discipline – Extended planning activity to a broader user set for greater participation and accountability

Implementation Highlights

  • Developed highly customized BPC reports – to satisfy complex business and user experience requirements
  • Business functionality –Including CapEx Planning, HR Planning, Expense (SG&A) Planning, Sales Planning, and Financial Consolidations (Close)
  • Industry specific functionality – Including comparable store logic for analysis
  • Developed sister store logic – to assist in developing new store projections and financial plans
  • Accounting functionality implemented – Account-based calculations, currency translation, eliminations and adjustments, balance carry forward, automated cash flow, allocations, work status, business process flow (BPF) and a custom internal order (IO) solution budgets
  • Implemented a custom (IO) Retractor – that updated SAP ECC with the current BPC IO budget allowing for a single point of entry for all budget data
  • Developed sales spreading tools – to manage promotional calendar changes from year to year. Effectively providing like for like comparison with both plan and actual data

Business Benefits from SAP BPC on HANA

  • Integrated data model with core SAP ERP and non-SAP systems for single version of the truth
  • Delivered drill-through reporting functionality to SAP BW BEx for root cause analytics
  • Comparable store reporting and analysis in local, USD (group) and constant currency
  • Enabled Finance Team to produce complete financial reporting packages within hours of the close
  • Subsequently, the client has completed a proof of concept to supplement BPC with SAP Analytics Cloud as a way to extend a simple web planning interface to a broader use-base

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