By Julian Goldsmith, 8 October 2007 10:00
NEWS
Shoe retailer Dolcis is spending £1.5m on a radical overhaul of its systems following its sale to a private equity consortium.
Dolcis was divested from parent Alexon and sold to a private equity consortium late last year and this meant the retailer needed to establish many new systems.
silicon.com Retail & Leisure
Get the latest retail and leisure news straight to your inbox. Sign up for the R&L newsletter today!
This includes the purchase of a merchandising system called Mercatis from BT Expedite and a new till system and warehouse system. The whole investment is around £1.5m.
A key part of that is a £100,000 investment, including training, in a Windows-based accounting package which makes it easier to monitor store performance.
The Dream financials software from Coda Group is easier to use for non-finance professionals and speeds up training for new hires within Dolcis' finance department, it said.
Finance director Richard Clark chose the system because he had used it in a former role at men's fashion retailer D2 and shoe store Qube.
The Dream system provides the retailer with a unified ledger, giving executives a much clearer picture of purchasing across the store estate.
Clark said: "The system allows the finance function to give value-add to the rest of the business. It gives us the ability to analyse performance and more flexibility to react to changes in the environment."
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below