World Duty Free Selects BOARD as their Budgeting, Planning and Forecasting Solution
BOARD is pleased to announce that the UK’s leading travel retailer, WDF, has chosen BOARD as their Performance Management platform to deliver integrated Budgeting, Planning & Forecasting.
London, United Kingdom, November 18, 2010 --(PR.com)-- BOARD provides WDF with workflow, audit, control and one version of the truth across the entire planning, budgeting and forecasting phases. This replaces the old process based on a number of different tools and spreadsheets which had become inefficient.
Sales and margins are planned by week, store and product through different scenarios such as trend or growth initiatives, price changes and promotions. Furthermore, strategic KPIs such as average spend per transaction, average transaction per customer and margin are produced and analysed through BOARD. New stores sales, costs and their relative product mix are planned with BOARD which integrate into the final P&L plan which is analysed by month, cost centre and nominal account.
The adoption of BOARD aims to have an immediate effect on the company performance. The ability to mix top-down and bottom-up planning & forecasting with scenario modelling provides greater visibility, control and efficiency for the business.
Andrew Hodgson, Project Manager – Finance at WDF comments “We needed a planning solution that would allow input and modelling from both commercial (product) and retail (location) perspectives, while delivering one unified, accepted output. It was also key for us to improve the transparency of the budget build, keeping track of and reporting on all the initiatives and impactors that are applied along the way. BOARD were able to provide a flexible and easy-to-use solution that meets our very specific modelling requirements.”
Dominic Policella, Managing Director at BOARD UK adds, “We are very pleased that WDF have chosen BOARD as their Budgeting, Planning and Forecasting solution. WDF join over 2500 existing clients worldwide who rely on BOARD to manage their Information Management needs and processes.”
About WDF
WDF, part of the Autogrill Group, are the UK’s leading travel retailer with 89 stores in 22 airports across the whole of the UK. Their aim is to offer the ultimate airport shopping experience and they endeavour to offer customers the very latest products at great value prices. WDF stores offer great savings against UK High Street prices across an unparalleled premium selection of products ranging from cosmetics to confectionery, fragrances to fashion accessories, spirits to souvenirs, skincare to sunglasses, fine foods to fine wines, and champagne to cigars and tobacco.
About BOARD
BOARD is a global leader in the Business Intelligence and Corporate Performance Management space. BOARD has enabled over 2500 companies worldwide to rapidly deploy BI and CPM applications in a single integrated environment completely programming-free and in a fraction of the time and cost associated with traditional solutions. BOARD provides one accurate, complete view of an organisation’s information, fully integrated with its processes, uniquely linking performance from strategic vision to all levels down to operational detail.
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Sales and margins are planned by week, store and product through different scenarios such as trend or growth initiatives, price changes and promotions. Furthermore, strategic KPIs such as average spend per transaction, average transaction per customer and margin are produced and analysed through BOARD. New stores sales, costs and their relative product mix are planned with BOARD which integrate into the final P&L plan which is analysed by month, cost centre and nominal account.
The adoption of BOARD aims to have an immediate effect on the company performance. The ability to mix top-down and bottom-up planning & forecasting with scenario modelling provides greater visibility, control and efficiency for the business.
Andrew Hodgson, Project Manager – Finance at WDF comments “We needed a planning solution that would allow input and modelling from both commercial (product) and retail (location) perspectives, while delivering one unified, accepted output. It was also key for us to improve the transparency of the budget build, keeping track of and reporting on all the initiatives and impactors that are applied along the way. BOARD were able to provide a flexible and easy-to-use solution that meets our very specific modelling requirements.”
Dominic Policella, Managing Director at BOARD UK adds, “We are very pleased that WDF have chosen BOARD as their Budgeting, Planning and Forecasting solution. WDF join over 2500 existing clients worldwide who rely on BOARD to manage their Information Management needs and processes.”
About WDF
WDF, part of the Autogrill Group, are the UK’s leading travel retailer with 89 stores in 22 airports across the whole of the UK. Their aim is to offer the ultimate airport shopping experience and they endeavour to offer customers the very latest products at great value prices. WDF stores offer great savings against UK High Street prices across an unparalleled premium selection of products ranging from cosmetics to confectionery, fragrances to fashion accessories, spirits to souvenirs, skincare to sunglasses, fine foods to fine wines, and champagne to cigars and tobacco.
About BOARD
BOARD is a global leader in the Business Intelligence and Corporate Performance Management space. BOARD has enabled over 2500 companies worldwide to rapidly deploy BI and CPM applications in a single integrated environment completely programming-free and in a fraction of the time and cost associated with traditional solutions. BOARD provides one accurate, complete view of an organisation’s information, fully integrated with its processes, uniquely linking performance from strategic vision to all levels down to operational detail.
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Contact
BOARD UK
Hayley Morgan
01908 255611
www.board.com
Hayley Morgan
01908 255611
www.board.com
Contact
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