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Fashion retailer reduces reporting time by 25% with Pegasus SoftwareÂ’s Opera II solution

Fashion retailer reduces reporting time by 25% with Pegasus Software’s Opera II solution

 

Women’s fashion retailer, Mint Velvet, has gone live with Opera II Enterprise Software solution with Pegasus XRL reporting from accounting and business software supplier, Pegasus Software.

 

The provider reported that the solution has reduced reporting time by around 25%, streamlining management information, and freeing up valuable resources to focus on rapid business growth.

 

Since its launch just 12 months ago, Mint Velvet has opened in more than 40 locations within House of Fraser, John Lewis and Fenwick stores, as well as two boutiques and an online shop. The fashion retailer’s previous solution from Sage wasn’t scalable and simply couldn’t support this rapid business growth, therefore a remit for a new accounting solution was outlined.

 

Handling complex consolidation

 

Having reviewed a number of solutions, Opera II with Pegasus XRL reporting from Pegasus Software was selected through channel partner, Diskel. The decision was made on the solution’s ability to streamline Mint Velvet’s complex management reporting, which involved consolidating information from each retail location. Crucially, the system also provided scalability and flexibility to evolve and grow with the fashion retailer.

 

“Having experienced rapid growth and expansion in a very short timeframe, we needed an accounting system which would allow us to access the right information, in the right format, at the right time, at the click of a mouse,” commented Julie Webster, Mint Velvet finance manager.

 

“Our previous system wasn’t sustainable as we had to spend almost a week each month manually trawling through data to create the combined P&L [profit and loss] month-end report. However, with Opera II and Pegasus XRL, the process is incredibly slick, and we can manipulate the data to receive it in our preferred format, accessing the information we need on demand. This facilitates quicker, better decisions to inform business strategy, and helps us to grow the business both in the short term, and the long term.”