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Financial Management Solutions for Retail



Take decisive action to combat squeezed profit margins

In today’s retail landscape, tight economic conditions and instant access to competitive pricing have combined to empower the consumer in unprecedented ways. And that empowerment has served to squeeze retail margins to the breaking point. It's no wonder that retailers are intent on improving performance, simplifying complex business processes, and controlling costs.


To do so, many have discovered the CCH Tagetik Cloud for Retail. Modernizing to this unified corporate performance management offering allows retail executives to monitor, measure and manage business performance, and ultimately take action to execute on strategy at both the corporate level and store level.

Tagetik Cloud for Retail
Tagetik Cloud for Retail Benefits

Benefits


Simplify budgeting and planning

Simplify budgeting and planning by consolidating strategic, corporate and store level planning in a single application

Monitor performance

Monitor performance of stores, suppliers and customers in one place

Improve profitability

Improve profitability by tracking the cash impact of stock-outs, inventory turns, sell-through and markdowns

Improve cost control

Improve cost control by allocating direct and indirect costs including logistics and service costs on points of sale

More accurate investments

More accurate investments — budget for new stores or IT projects — and assess the impact on profitability and cash flow

Improve HR management

Improve HR management — hours, FTE, overtime —  and calculate labor costs by store, department or employee

CCH Tagetik's unified performance management solution for the RETAIL industry delivers

Integrated Business Planning
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Integrated Business Planning

Use a single enterprise planning solution to integrate sales forecasts and operational plans with financial goals and corporate objectives. Create operational models and play ‘what-if’ scenarios to optimize costs, margins and profitability, while dynamically updating financial plans, budgets and forecasts.

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Capacity Planning
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Capacity Planning

Understand constraints that affect sales, purchasing and inventory plans; then assess the impact on the P&L, balance sheet and cash flow. Build business models to play ‘what-if’ scenarios and optimize resources by retail location, shelf or floor space, brand, product or SKU.

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P&L and Balance Sheet Planning
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P&L and Balance Sheet Planning

View the financial impact of new store openings or closings, same store performance, and promotional programs and instantly update budgets and plans. See the the capital and HR impact of adding assets or staff due to economic shifts or seasonality.

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Cash Flow Planning & Forecasting
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Cash Flow Planning & Forecasting

CCH Tagetik provides double entry logic and automates the cash in/cash out impact of budget line items. When plans, capital, exchange or interest rates change, CCH Tagetik instantly updates cash flow plans and forecasts so decision-makers can quickly assess the net business impact.

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Cost Allocation & Profitability Analysis
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Cost Allocation & Profitability Analysis

Allocate costs to stores based on square footage, percent of sales, product mix and more. Determine overhead costs and fix margins, logistics and service costs on points of sale based on specific drivers. Determine labor costs by store, department or employee.

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HR Planning
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HR Planning

Get insights into how workforce changes, turnover, overtime, contract and detailed employee-level variables (salary, sick leave, bonus, benefits, new hires, transfers, etc.) affect the strategic plan, P&L, cash position and operational productivity. With CCH Tagetik, finance, HR and operations are aligned.

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Reporting & Analytics
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Reporting & Analytics

With easy to use, packaged templates, all contributors - including non-financial and non-technical users - can report on key metrics and performance with CCH Tagetik’s reporting toolset. Create custom reports, interactive dashboards, visualizations and ad hoc analytics - without depending on IT.

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Seamless Close-to-Disclosure
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Seamless Close-to-Disclosure

Cut days off the monthly close cycle and accelerate management and external reporting with a single solution. Confidently manage and control journals, adjustments, intercompany eliminations and reconciliation, then seamlessly produce disclosure reports that provide drill-down to the underlying data.

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More specific Requirements

CCH Tagetik for retail



IFRS 15 IFRS 16

CCH Tagetik Software is trusted by leading companies in the RETAIL industry


Plus Group

Financial Consolidation, Reporting

Read the Case Study

LS travel retail North America

Budgeting, Planning, Reporting

Read the case study

Watch the Video

Coop

Budgeting, Closing, Reporting, Consolidation, Cash Flow

Cisalfa

Closing, Profitability, Budgeting, Planning, Forecasting, Cash Flow, Reporting

Read the case study

Home Shopping Europe

Consolidation, Reporting

Watch the Video

Carrefour

Cash Flow Planning (on cloud)

Testimonials

Customer Quotes

On Demand Webinar

The latest EPM trends and insights from Forrester

This thought-provoking and informative webinar you will learn how to weigh your needs across many different EPM criteria to better understand where to focus your attention on the criteria that matter most to your business.

Browse our Resources


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