Fast-forward to our customer’s annual awards ceremony, where the InfoCepts space profitability solution won the award for innovation and collaboration. Handing P&L responsibility on a highly granular level to each store fostered a culture of intrapreneurship, data-driven decision making and financial prudence.
Our customer realized productivity gains of 5400 man-hours of manual effort, directly yielding a cost savings of $1.5M per year. Other value-added benefits include:
Widespread adoption – Enjoying a 3X increase in its user base, business functions coverage rose from two to seven. The InfoCepts solution has become the mostly used across the organization.
Increased scope – Designed to seamlessly include future locations, the solution rolled out to 43 locations that manage over 660K sq. ft. of premium real estate space.
Flexibility in analysis – Easy access and ability to slice and dice retail data across multiple dimensions has provided our customer with more informed decision making.
Security – Fine-grained, role-based access ensures that locations, products, and costs are only visible to those having authorized user roles and profiles.
Nimble and objective decision making – The customer’s users are easily able to answer questions such as ‘Which brands to assign a bigger space or demote to multi-brand area,’ ‘Which costs are eating away net profit,’ ‘Given its cost structure, what commercial terms will ensure profitability.’