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Accelerated Reporting Processes Tip the Scale Towards Flexibility for Upscale Grocer

Lunds Dramatically Cuts Down Time Spent on Close Processes, Speeds up Forecasting With Adaptive Insights

Adaptive Insights is very intuitive. We have it rolled out to about 45 end users and a lot of those are grocery retailers; they're not on a computer their entire work day. The system, I haven't had issues with people not being able to figure it out - it's been very intuitive to them.

Gwen Hendrickson, Director of Finance

 

Even though Excel spreadsheets met the financial management needs for upscale grocer, Lunds, the retailer found it challenging to maintain, reformat, and reconfigure data. Adaptive Insights,  delivered the flexible and intuitive solution they required to accelerate planning and fuel momentum. With Adaptive Planning, store general managers had relevant information at their fingertips instead of browsing through spreadsheet tabs. More efficient reporting processes ultimately  slashed the monthly close down from one week to mere minutes, which led to faster forecasting. and the finance team helping drive overall business strategy.

Challenges

  • Reformatting and reconfiguring in Excel required a lot of maintenance
  • Difficulty tracking the impact of four different union group employee pay levels
  • Lengthy monthly close process

Results

  • Real-time capabilities sped up reporting processes
  • Users can easily view the impact of changing union contracts by modifying one item in a single cell
  • Monthly closing process went down from a week to minutes
About:
This family-owned organization operates 13 Lunds and 13 Byerly’s grocery stores in the “Twin Cities,” the Minneapolis-Saint Paul metropolitan area in Minnesota. The company’s overall goal is to provide customers amazing shopping experiences and carry out a tradition of quality and high-level service.
Location:
Edina, MN
Industry:
Retail