Softworld’s Oracle EPM Solutions for a Leading Global Off-Price Retailer
Background
Our client is a leading off-price retailer of apparel and home fashions in the U.S. and worldwide. With more than 4,500 stores in 9 countries. They currently has 340,000 employees and operates several brands, subsidiaries, and e-commerce sites globally. The organization relies extensively on various information systems to manage many aspects of the massive, global retail operation. These include: processing and recording transactions in stores and e-commerce sites; managing customer, vendor and employee data; enabling effective communication systems; sourcing, planning and tracking inventory; managing logistics; generating performance and financial reports as well as complying with regulatory requirements and otherwise operating e-commerce sites.
Their information systems included outdated and slow performing technology controlled by multiple business units. These, as well as third-party systems they rely on, could also be subject to interruption from various reasons. Groups like FP&A and other Finance & IT teams, who are dependent on timely and accurate reporting data, needed improvements in efficiency, reliability, and access to data.
The Challenge
Our client wanted to increase efficiency and reduce or eliminate reliance on other teams by working toward immediate access to financial/reporting data, with a paramount focus on compliance and security, as well as flexibility to control models for analysis.
They looked to partners like Softworld for delivering key pieces of their global Oracle EPM initiative, as well as other financial applications related to Planning, Corporate Reporting and Financial Control business functions. While the skill sets needed varied across several positions and projects, we had to provide resources with the right combinations of technical, functional and industry experience, including project leadership able to manage multiple projects and deliver on-time and on-budget.
Their information systems included outdated and slow performing technology controlled by multiple business units. These, as well as third-party systems they rely on, could also be subject to interruption from various reasons. Groups like FP&A and other Finance & IT teams, who are dependent on timely and accurate reporting data, needed improvements in efficiency, reliability, and access to data.
The Solution
Softworld worked with our customer to identify critical workstreams and the skills needed to be successful managing these projects as well as providing additional technical support and expertise.
We focused on delivering:
- Oracle EPM, enterprise financial projects, and retail industry experience
- Compliance with Sarbanes Oxley and PCI
- Strategies for risk mitigation and contingency planning
- Delivering defined solutions delivery process and Agile methodologies
The Results
We delivered Project Management, Business Analysis, and technical resources who’ve met milestones and deliverables on-time and on-budget. Softworld-supported projects remain on-track for successful delivery, with continued process, efficiency and consistency improvements across the organization.
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