The Early Learning Centre chain is updating its management reporting systems by investing in a solution from Hyperion, the business performance management software supplier.
Gavin Jones, finance director at Early Learning Centre, said, “We had previously used a spreadsheet-based system to meet our management reporting needs.
“However, the business has grown and changed substantially in recent years and we realised we needed to improve our approach to management reporting in order to meet the changing needs of the business.”
The company has 215 stores across the UK and Ireland, 78 international franchise stores in 14 countries across the world, and an expanding internet and mail order operation, along with wholesale arrangements involving several partners in the UK and worldwide.
Business intelligence consultancy Analitica was brought in initially to advise Early Learning Centre on what software to deploy to meet its requirements.
As a result, Early Learning Centre chose Hyperion Essbase to deliver real-time analytic processing.
The platform is designed to support faster and more frequent data refreshing in critical BI applications, such as customer segment analysis, product profitability and capacity planning.
It also helps businesses to better understand customer segments and behaviour patterns.
Jones added, “With Hyperion Essbase, we will have a far more dynamic, accurate and efficient approach to management reporting, budget forecasting and channel analysis than we had previously. Our analytic capability will be greatly enhanced and we are confident it will enable us to make better informed decisions about the running of the business going forward.”
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