TecQubes helped a large retailer to upgrade to S/4HANA to reduce costs and enhance transparency
ClientA leading retail chain with operations in multiple states in the US
Problem Statement
The client was using an outdated ERP system and wanted upgrade to a better one that offered a platform for business growth. The existing ERP was not fully integrated with their legacy systems and the client was facing productivity and efficiency issues as a result.
Solution
TecQubes was chosen to implement SAP S/4HANA at the client’s headquarters in the first phase and then expand to its stores. Though this implementation, all its accounting processes were standardized and offered a solid foundation for cost reduction and innovation.
A couple of months into the project implementation, the COVID-19 global pandemic created substantial hurdles that TecQubes had to overcome. By rapidly transitioning to a fully remote working model, TecQubes managed to continue the collaborative progress without significant delays, even as the mode of communication had radically changed.
Benefits
- Standardization of accounting processes
- Greater capacity for innovation with inter-functional multilevel reporting models
- Expansion of mobile access to essential information
- Consolidation of infrastructure security
Project Outcome
- Reduced the number of steps in financial closing by one-third
- 60% reduction in database management time
- 25% increase in sales forecast accuracy
- 7% reduction in inventory costs
- >50% reduction in theft and pilferage costs
- 30% improvement in overall customer satisfaction
