September 28, 2009
Profitbase, a technology leader in delivering rapidly deployed data warehouse, business intelligence (BI) and planning solutions to retailers, healthcare providers, manufacturers, and many other markets throughout the world, recently announced that HDS Retail North America has selected Profitbase as their Retail Business Intelligence (BI) Solution.
HDS is a wholly-owned subsidiary of Lagardère Services, the world’s largest travel retailer, with over 1,600 stores in 18 countries covering 4 continents. HDS Retail North America manages 350 stores in the US and Canada under various brands such as Relay, Virgin, Watermark Books and Hub Convenience
HDS made the strategic decision to re-energize their retail travel environments with new store designs, introduced specialty brands and concurrently decided to recharge their Information Technology (IT) environment with a $2.5M IT upgrade. The upgrade included the recent purchase of Microsoft Dynamics AX and the LS Retail AX. The final step was to select and purchase Profitbase for advanced retail POS and business reporting and analytics.
The Profitbase Retail Business Intelligence (BI) solution delivers Business Insight to retail decision makers enabling them to identify problems and opportunities and make better, faster decisions. The solution provides one consolidated view of information resulting in 360 degree visibility to all aspects of business performance including channels, stores, chains, categories, inventories and financials.
The solution enables users to track performance based on their roles enabling everyone from the CEO to the store manager to monitor performance anytime, anywhere. Using a browser and role-based self-service BI interface, empowered users are able to sort, filter and drill to detail to root out problems and solve them quickly. Retailers who deploy Profitbase Retail BI solutions have access to better, more current information enabling them to be more agile and to make better and faster decisions helping them to reduce inventories, reduce Out-of-Stock occurrences, improve turnover and customer satisfaction giving them a competitive edge in securing customer loyalty while increasing margins and revenue.
“We looked at several BI solutions, but selected the Profitbase solution because of the out-of-the-box capabilities that would give our users up to date information and the ability to analyze on their own performance,” comments Vadim Motlik, Executive Vice President and CFO. “Another important decision criteria, was the quick deployment and ease of maintenance that greatly reduces risk and the ramp up time of our staff,” Motlik adds.
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