TARGIT Business Intelligence creates an overview and a point of departure for decision-making in the Imerco group, ensuring continuous growth and development in the 150 Imerco shops and the subsidiary Erik Bagger A/S. A TARGIT Business Intelligence software solution eliminates any need for extracting flat data from a database/ERP system for spreadsheets, requiring intermediate results and structuring. On a daily basis, the subsidiary Erik Bagger A/S saves 3-5 workings hours in the finance department. Previously, weekly and monthly reports were composed daily in Excel. Today, TARGIT performs this task automatically, entailing that employees of finance can focus on business development and qualitative controlling.
Every employee of the Imerco group receives a daily report containing their individual KPIs whether they work in one of the Imerco shops or at the headquarters. Headquarters and management are regularly brought up to date regarding the group’s key figures and can continuously transform this knowledge into concrete actions on the basis of actual deviations.
“TARGIT is a highly easy-to-use software tool. After the configuration of a report/an analysis, each employee can search for relevant information in order to make optimal decisions. Even non-IT people can create advanced configurations and analyses. The accessibility of relevant reports/analyses and the option of making in-depth searches eliminate any need for employees extracting and structuring data for users. According to my assessment, the use of TARGIT Business Intelligence frees 1-2 employees for more qualitative work tasks compared to other competing BI systems,” states Villy Gravengaard, CEO of Imerco.
TARGIT BI Suite gives competitive advantages
The sales and purchasing department at Imerco headquarters uses TARGIT BI Suite to create updates every hour, displaying the amount of different sold products. TARGIT BI Suite ensures that a potential need for purchasing additional stock is identified early and extra orders can be placed for immediate delivery.
A unique ability and determination to continuously keep up to date and adapt according to customers’ need for change and improvement is the reason to why Imerco is the largest chain of hardware stores in Denmark. Customer requirements are quite difficult to predict. Fashion and trends are constantly changing; it is therefore crucial for Imerco to identify the exact products which are sold. In order to adjust to market demand rapidly, Imerco must have a solid insight which can be transformed into concrete actions immediately. Today, TARGIT BI Suite has become an essential part of the Imerco group - both at management level and functional level.
“Fundamentally, it is important to maintain a flow of products from Imerco’s central warehouse to the right locations on a daily basis, ensuring that the best-selling products are replenished and slow-movers are phased out,” the CEO explains. TARGIT BI Suite provides valuable knowledge, which is easily transformed into actions, optimizing the business and increasing the revenue of the Imerco group.
“TARGIT BI Suite offers the possibility of following KPIs both top-down and bottom-up; employees can search for their individual key figures. This creates management tools, which are updated almost real-time. In today’s retail industry, it is important to follow sales/stock/revenue closely,” Villy Gravengaard explains. The CEO adds that “a solid foundation” is essential to managing an effective business with millions of transactions and daily steering it towards optimizations.
TARGIT BI Suite – the right choice
The Imerco group selected TARGIT BI Suite on the following criteria: user-friendliness, technical stability and economy. Additionally, the Imerco group requires a system based on standard functions which are simple to get started.
These requirements are met exceedingly by TARGIT BI Suite. After the basic database structure (Cubes) has been determined and implemented, TARGIT BI Suite is a unique “power tool” for everyone in the organization.
