{"id":3461,"date":"2024-01-01T08:52:00","date_gmt":"2024-01-01T08:52:00","guid":{"rendered":"http:\/\/version1.thinktankdev.org.uk\/en-us\/?p=3461"},"modified":"2024-01-01T08:52:00","modified_gmt":"2024-01-01T08:52:00","slug":"primark","status":"publish","type":"case-studies","link":"https:\/\/version1.thinktankdev.org.uk\/en-us\/case-studies\/primark\/","title":{"rendered":"Powering global expansion for retail giant Primark with Version 1"},"content":{"rendered":"<p>Leading European clothing retailer Primark employs over 70,000 people and is active in the UK, US and Europe. Primark faced a challenge common to rapidly scaling businesses \u2013 its legacy financial systems were hindering its ability to efficiently manage its needs as a multinational retailer. Not only did this impact its current plans, it also threatened to limit its future growth.<\/p>\n<p>A reliable, scalable solution was required to support the brand\u2019s ambitious global expansion. We were selected in an open tender process to provide expertise and support implementation.<\/p>\n<p>We were tasked with scoping a future-proof financial system that could seamlessly handle the financial complexities of an expanding global footprint. Primark needed a platform that would provide robust reporting, efficient processes, and the ability to adapt to new markets quickly.<\/p>\n<p>To meet this challenge, we designed a solution with scalability and adaptability at its heart. We recommended Oracle E-Business Suite Financials, a powerful <a href=\"https:\/\/www.version1.com\/oracle-partner\/oracle-erp-cloud-implementation-and-consultancy-services\/\" target=\"_blank\" rel=\"noopener\">enterprise resource planning (ERP)<\/a> solution. Working closely with Primark,we delivered the core financial modules (General Ledger, Accounts Payable, Accounts Receivable, Cash Management, eTax &#038; Fixed Assets, AGIS)along with necessary customisations, third-party integrations and a reporting solution. All of this in under 12 months.<\/p>\n<p>Our focus on strong programme management, upfront governance, and a collaborative approach ensured a smooth deployment that met Primark\u2019s aggressive timeline. During this time, we specified a Hypercare period to deliver enhanced support for Primark\u2019s teams.<\/p>\n<p>The new Oracle-based financial system has transformed Primark\u2019s operations. With real-time financial insights, its management team can make informed strategic decisions on global expansion and its streamlined processes have boosted efficiency. Primark now has the financial infrastructure it needs to support its continued growth, opening new stores and entering new markets worldwide.<\/p>\n<h2>Outcomes<\/h2>\n<ul>\n<li>Implemented Oracle E-Business Suite Financials core modules (General Ledger, Accounts Payable, Accounts Receivable, Cash Management, eTax &#038; Fixed Assets, AGIS)<\/li>\n<li>Designed and integrated custom components to align the system with Primark\u2019s specific workflows<\/li>\n<li>Developed a comprehensive reporting solution to provide executives with real-time financial insights<\/li>\n<li>Integrated the new system with existing third-party applications<\/li>\n<li>Provided Hypercare support to ensure a smooth transition and mitigate post-launch risks<\/li>\n<\/ul>\n<blockquote><p>\u201cI was impressed by Version 1\u2019s approach to resolving any delivery issues in an efficient and timely manner.\u201d \u2013 Eamon Connolly, Director of Finance Projects, Primark<\/p><\/blockquote>\n<blockquote><p>\u201cThrough the hard work and commitment of the Version 1 team, our new core Financials System was delivered a week ahead of schedule to a very strict deadline. We now have in place a set of systems and business processes which will support our ambitious growth plans well into the future.\u201d \u2013 Stephen Vanoli, Business Director, Primark<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Learn how Version 1 partnered with Primark to enhance their IT systems and digital solutions. Discover the improvements in operational efficiency, scalability, and performance that supported their global retail operations.<\/p>\n","protected":false},"featured_media":1260,"menu_order":0,"template":"template-simple-case.php","industry":[78],"service":[84],"technology-partner":[86],"class_list":["post-3461","case-studies","type-case-studies","status-publish","has-post-thumbnail","hentry","industry-retail"],"acf":[],"translations":[{"blog_id":1,"post_id":3461,"name":"Europe","code":"EN-GB","hreflang":"en-gb","url":"https:\/\/version1.thinktankdev.org.uk\/case-studies\/primark\/","is_current":false},{"blog_id":13,"post_id":3461,"name":"Americas","code":"EN-US","hreflang":"en-us","url":"https:\/\/version1.thinktankdev.org.uk\/en-us\/case-studies\/primark\/","is_current":true}],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Powering global expansion for retail giant Primark with Version 1 | Version 1 (US)<\/title>\n<meta name=\"description\" content=\"Learn how Version 1 partnered with Primark to enhance their IT systems and digital solutions. 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