Industry Solutions: Retail

Financial Planning For Retail

IntuitiveTEK's deployment of Workday Adaptive Planning addresses the complex and unique needs of the Retail Industry. Retailers can plan and analyze headcount needs at both the corporate and store level, and model the impact of new stores. Store managers gain sophisticated, yet intuitive, planning capabilities. Best of all, this solution gives you real-time insight into sales and operational performance so you can make better and faster decisions.

The IntitiveTEK team is very approachable and down to earth. You can have candid conversations with them. They know their stuff and provide honest answers.

GWEN HENDRICKSON, Director, Finance, Lunds & Byerlys
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Extend Powerful Planning Capabilities From Corporate to Stores

With Workday Adaptive Planning, you can give a powerful yet intuitive planning solution to store managers so they can analyze key trends affecting customer growth and spend, such as revenue by product SKU, gross margin, promotions, and new store ROI. At corporate, consolidate store plans to conduct longer-term, driver-based demand planning.

Develop Flexible Plans for Complex Staffing Needs

Workday Adaptive Planning is a cloud-based solution that lets you plan headcount at both the corporate and store level. Model personnel levels in a variety of ways, such as by job title or by name, and include fixed headcount and FTEs whose schedules vary based on key drivers like sales or store count.

Analyze Real-Time KPIs and Operational Performance

Workday Adaptive Planning has an intuitive dashboard and scorecards that give you real-time visibility into ongoing operational and financial performance so that you can make more accurate and timely decisions. Monitor key metrics such as inventory, payroll, retail store performance, and promotional spend. Workday Adaptive Planning helps you more carefully manage your cash position and understand key trends affecting revenue results so that you can take action quickly.

Create Detailed What-If Scenarios for New Store Openings

Growth through acquisition and new store development is critical for retailers. Conduct what-if analysis by modeling new store plans and ramp-ups using store type, location, product mix and seasonality assumptions. Quickly see outcomes on fully loaded P&L statements and cash flow.

Learn more about how we can help your retail organization plan smarter, report faster and analyze better.

Go Beyond Simple Time Granularity with Flexible Time Modeling

Flexible time modeling provides you with powerful, end-user configured time modeling. This means that you can plan with the fiscal calendar of your choice to accurately model the needs of your business. 

Roll up and track plans and actuals in a 4-4-5 or 13 period calendar, a traditional calendar, or you can define your own custom calendar hierarchy structure.

Doubling Down on Improving Your FP&A Process for Retailers

Discover why improving visibility into key metrics provides insights that improve margins, profitability and executive decision-making. Gathering data through Workday Adaptive Planning allows for quick, in-depth reporting and real-time answers about profitability and margins even during seasonality and changing economic conditions

Lunds & Byerlys Customer Success Story

Goodwill-Easter Seals Customer Success Story

Retail Datasheet

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