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Finance System Support

E-Commerce Solutions

Finance System Support

Insight into the financial side of your retail business is crucial; and with a range of fully integrated financial management systems available, these systems must be readily available and highly performant. Allowing business's to grow and deliver efficiencies across all aspects of it’s omni-channel solution is fundamental. Delays in closing key financial periods due to systems being unavailable or being un-responsive can have a catastrophic impact on a business’ decision making ability – staying ahead of the competition is then made an almost impossible task.

Finance Systems Goal

  • Provide real-time finance reporting to understand key trading performance
  • Increase financial close efficiency and reduce back-office costs with standardised processes using a single, integrated solution
  • Allow split-second decision making for budgeting and planning
  • Produce consolidated financial results at a summary level for any division of the business, and all the way down to the underlying transactional details with real-time visibility
  • Integrate finance with all aspects of your multi-channel business

Finance Challenge

  • Ever-shortening time periods for closing books and producing results for key stakeholders
  • Intrinsically linked to other systems such as POS, Supply Chain through key interfaces
  • Large volumes of cash and credit card transactions daily through multi-channels
  • Managing inventory, create and post journal entries, report account balances and budgeting can be labour intensive via spreadsheets
  • Working on very fine margins so hugely important that finance systems can report back quickly and accurately for split-second decision making

The DSP Solution

Your business's specific needs will ultimately decide the solution. However, below are the most common solutions to solve finance system challenges.

  1. Managed Services - to ensure finance systems are available 24x7x365
  2. Data Platform Modernisation - design and architect systems to facilitate growth across the business and accelerate speed of period close
  3. Performance Review - improve speed of reporting and period close to give decision makers key financial and trading results

The products DSP would typically recommend and deploy: 

  • Deploy - Netsuite or Oracle Retail Product Suite
  • Optimise through key Monitoring tools - Oracle Management Cloud and Quest Foglight or Spotlight, Comprehensive in-house developed tools based on our client’s requirements

Retail Resources

Wiggle & Oracle Cloud

Click to watch how retailer Wiggle grew with Oracle Cloud.
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Ocado & DSP

Don't just take our word for it, read what one of our retail customers have to say about us.

 

Contact DSP Today!

If you'd like to discuss your Finance System with a dedicated retail focused account director, get in touch today using the form on the right. Alternatively, review all of our IT Retail Support services to understand our complete retail offerings.

Get in Touch

Complete the form and a specialist retail account director will be in touch.