Topshop Owner Gets Systems Makeover with Infor
November 23, 2017British Retail Group Arcadia Invests in Cloud Based Finance System to Support International Growth
Infor announced that leading British retail group Arcadia, which owns global retail brands Topshop and Topman, has selected Infor CloudSuite Financials & Supply Management. As part of a program to modernize its finance systems, the solution is expected to support international growth and underpin an evolving business model for the iconic retailer, and is anticipated to go live for 25,000 users in 2018.
Having previously used a number of systems across the group, Arcadia required a finance system which would consolidate processes from all business units to facilitate greater visibility, efficiency and more insightful, quicker reporting. Following a tender process, the company selected Infor CloudSuite Financials & Supply Management based on the depth of functionality, ease of use and Infor's credentials in retail. The low total cost of ownership (TCO), flexibility, dynamism and scale associated with a cloud model were also key to the decision.
"As we continue to evolve as a business, it is paramount that our systems keep pace. Through our deployment of Infor CloudSuite Financials we anticipate significant time savings, reductions in errors and superior insights which will give us greater agility. This will help to propel our business expansion, as well as give us much slicker, more flexible reporting which is crucial in the fast-paced retail industry," comments Ian Grabiner, CEO, Arcadia. "Our relationship with the team at Infor was key to our selection, as it is crucial that we work with companies which truly understand the complex demands of fashion retail."
"Fashion retail is an increasingly challenging sector, and companies simply can't afford to be restricted in any way by back office systems that are outdated," said Jason Berry, VP, EMEA - Retail, Infor. "Consumer expectations are perpetually increasing and retailers need systems which enable them to deliver a consistent brand experience across all channels. Through its deployment of Infor CloudSuite Financials & Supply Management, Arcadia can have total confidence that its back office is delivering the agility it needs to embrace new opportunities and fuel growth across the world."