Well-know Midwestern eCommerce retailer implements Oracle Retail Sales Audit and Oracle Retail Invoice Matching with Quickborn
Quickborn Consulting implemented Oracle Retail Sales Audit and Oracle Retail Invoice Matching at a leading Midwestern eCommerce retailer for financial system modernization and process harmonization in clear success story.
Bloomington, Minnesota and Minneapolis, Minnesota – June 2022
eCommerce Retail is in need of modernization for success
Our client is a leading provider for middle-income consumers seeking to establish, build or rebuild credit. They do this through an independent bank partnership, offering qualifying customers revolving credit and installment loans with monthly payment options and the flexibility of paying in the long term. Subsequently, qualifying customers use their accounts for e-commerce purchases online for everything they and their families need from a broad selection of national brands.
Our client chose Quickborn in the autumn of 2019 to assist in a major legacy decommission initiative, aiding with continued modernization in support of the growth of the business. Therefore, the primary goal of this project was to reduce risks by moving business functionalities from an unsupported legacy financial system to a modern, agile, and scalable solution. Furthermore, secondary goals included reducing maintenance costs, and consolidating operations to use the Oracle EBS Chart of Accounts. In addition, streamlining business processes, as well as simplifying the fiscal reconciliation and financial transaction booking processes between key business systems were also beneficial results.
The scope of the project
All together, Quickborn’s scope covered documenting existing financial and merchandising processes, defining future financial and merchandising workflows, and evaluating underlying services and solutions already in place or to be implemented. Based on the legacy functionalities to be replaced, Quickborn recommended improving the client’s existing Oracle Retail Merchandising System (RMS) and to implement Oracle Retail Sales Audit (ReSA) and Oracle Retail Invoice Matching (ReIM).
After a pause in 2020 due to the COVID lockdown and restructuring of the business, our collaboration restarted in November 2020. As a result, release 1 covering Inventory Adjustment processes in RMS and implementation of ReSA successfully went live in October 2021. Release 2 covering Invoice Matching, Trade Discount, and Return to Vendor processes went live in June 2022 as planned.
Quickborn continues its engagement on other initiatives ongoing in 2023 including cloud migration and further systems modernization.
Do you have a project for us?