Delhaize Group Upgrades Global Financial Planning Technology
BRUSSELS, Belgium -- Global food retailer Delhaize Group has signed on with Norwalk, Conn.-based Cartesis to implement Cartesis 10, an integrated platform for financial planning, consolidation, and analytics.
The agreement, announced yesterday, covers the worldwide implementation of a business performance management (BPM) system designed to meet the strict requirements of Delhaize Group's long-term BPM vision.
Delhaize's corporate finance department, which is mainly based in Brussels, supports its worldwide retail network with a reporting structure designed to provide insight into financial and operational performance at all levels. Individual operating companies are responsible for their own planning and budgeting processes and also need access to real-time comprehensive performance related information.
"The Cartesis solution will help us reinforce our performance analysis and budgeting processes, both at corporate and operating company level," explained Jean-Luc Vandebroek, corporate director of financial systems at Delhaize Group, in a statement. "The availability of high-quality and reliable data will provide us with the insight to facilitate and enhance our strategic business planning process."
Delhaize Group was looking for a future-proof BPM system that incorporated reporting and consolidation, as well as planning, according to Cartesis. The solution had to centrally integrate data from local general ledgers and enterprise resource planning (ERP) systems in order to allow local companies to run their planning and budgeting process in line with the Group. In addition, the group finance department needed more detailed insight into performance of all entities to help focus on shortening reporting cycles and increasing return on investment.
Cartesis is able to leverage Microsoft technology, the standard within the Delhaize Group.
Delhaize Group is present in eight countries on three continents. At the end of March 2006, Delhaize Group's sales network consisted of 2,644 stores.
The agreement, announced yesterday, covers the worldwide implementation of a business performance management (BPM) system designed to meet the strict requirements of Delhaize Group's long-term BPM vision.
Delhaize's corporate finance department, which is mainly based in Brussels, supports its worldwide retail network with a reporting structure designed to provide insight into financial and operational performance at all levels. Individual operating companies are responsible for their own planning and budgeting processes and also need access to real-time comprehensive performance related information.
"The Cartesis solution will help us reinforce our performance analysis and budgeting processes, both at corporate and operating company level," explained Jean-Luc Vandebroek, corporate director of financial systems at Delhaize Group, in a statement. "The availability of high-quality and reliable data will provide us with the insight to facilitate and enhance our strategic business planning process."
Delhaize Group was looking for a future-proof BPM system that incorporated reporting and consolidation, as well as planning, according to Cartesis. The solution had to centrally integrate data from local general ledgers and enterprise resource planning (ERP) systems in order to allow local companies to run their planning and budgeting process in line with the Group. In addition, the group finance department needed more detailed insight into performance of all entities to help focus on shortening reporting cycles and increasing return on investment.
Cartesis is able to leverage Microsoft technology, the standard within the Delhaize Group.
Delhaize Group is present in eight countries on three continents. At the end of March 2006, Delhaize Group's sales network consisted of 2,644 stores.