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Case Study Of Fortnight


Globus Stores Pvt. Ltd. Mumbai, India.
www.globus.in

Industry: Retail

Employees: 800

Products & Services:

Financial Management
General Ledger
Accounts Payable
Accounts Receivable
Fixed Asset Accounting

Globus Partner:
SYSTIME Computer
Systems.Ltd

Key Benefits:
Assisted in company's exponential growth
Collects over 95% of invoiced amounts within the fiscal year



"With the help of JD Edwards EnterpriseOne Financial Management, we have centralized our financial information in a Web environment, which empowers our managers to make decisions quickly and efficiently."
– Meheriar Patel, GM & Head IT, Corporate HR & Admin Globus Stores Pvt. Ltd.
Globus Stores Improves Productivity and Automates to Reduce Costs and Enhance Flexibility and Reporting Capabilities through JDE Financials, S&D

In the trend-setting apparel industry, where each selling season is usually short-lived, Globus Stores Pvt. Ltd. stands out with its ability to compress it's time to market. The company, known for cutting-edge designs fused with high-tech fabrics. Based in Mumbai it offers its apparel and accessories through retail Chain across India. The company creates over 1,00,000 new SKUs each year, with up to 90% of its merchandise refreshed for each season. Globus follows an outsourced manufacturing model, relying on overseas as well as Indian suppliers to produce apparel and accessories and ship the goods through its own retail Chain across India to its customers. This model calls for a solid system—one that Globus successfully orchestrated using a plain vanilla implementation, reliable software products, and experienced consultants and hosting partners.

Challenges

Implement a flexible and scalable IT infrastructure to replace unstable information systems

Centralize up-to-date information in a robust and consistent database to enable quick and efficient decision making

Integrate financial information to avoid reprocessing and errors introduced by manual processes

Manage growing business without increasing staff numbers

Implementation Process

Globus used Oracle Partner Systime Computers for system implementation and on-going consulting. Globus upgraded the tool release and technology stack twice over the past two years and reports that with its proven reliability the system upkeep has been minimal.

In 2006, Globus went live with its JD Edwards system for its financial management. It realized many benefits from the system, like advanced reporting and distribution management, which helped contribute to its growth.

Currently globus has 24 stores across India with its head office based in Mumbai who are regular users of the JD Edwards system, with the majority of them working in the financial area.

Globus runs JD Edwards Enterprise One, v. 8.11 on Microsoft SQL 2005 database and Windows 2003 server and plans to upgrade to v. 8.12 to take advantage of the new functionality in the latest release, and plans to use JDE Manufacturing

Solution

Worked with Oracle and Systime Computer Systems Ltd. to implement a flexible and stable IT infrastructure, replacing unstable, obsolete information systems.

Implemented JD Edwards EnterpriseOne Financial Management, reducing information errors from month-end closing from 30% to 1%

Centralized financial information in a robust database with JD Edwards EnterpriseOne Financial Management, making consistent information fully available.

Achieved real-time visualization of financial information with JD Edwards EnterpriseOne General Ledger, facilitating efficient decision making by the company's managers

Enabled online access to accounting reports with JD Edwards EnterpriseOne, allowing for timely analysis

Decreased time for paying providers by 40% with JD Edwards EnterpriseOne Accounts Payable and Accounts Receivable

Improved information accuracy and currency by establishing a single data entry point and reducing manual data handling

Strengthened decision-making and strategic planning by ensuring the previous day's performance figures are available to senior managers the following day

Enhanced cost control by giving staff the ability to track costs against set budgets

Replaced multiple legacy systems with a JD Edwards EnterpriseOne system from Oracle to provide single, pre-integrated, Web-enabled solution.

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