Big and Tall Men's Apparel Leader Reaps Immediate ROI from Extending Use of Lawson Software Financial Solution.Business Editors/High-Tech Writers ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn.--(BUSINESS WIRE)--April 15, 2003 Corporate Acquisition, Rate of Growth Creates Need for Unified Reporting System Lawson Software (Lawson Software, St. Paul, MN, www.lawson.com) A software company that specializes in ERP for vertical markets including health care, retail, public sector, professional and financial services. , Inc. (Nadsaq:LWSN) today announced that Casual Male Retail Group, Inc. (Nasdaq:CMRG CMRG Case Management Resource Guide ) has recognized an immediate ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). with the extension of Enterprise Reporting With the dramatic expansion of information technology, and the desire for increased competitiveness in corporations, there has been an increase in the use of computing power to produce unified reports which join different views of the enterprise in one place. and Lawson's Financial Suite across its entire organization. The high-volume retail-brand operator of Casual Male Big & Tall, Levi's(R) Outlet by Designs, Dockers
Dockers is a brand of Levi Strauss & Co. Levi Strauss & Co. (R) Outlet by Designs, and Ecko Unltd(R) outlet stores will use Lawson's financial solution to consolidate the company's operations into one unified reporting system. The organization also plans to implement Lawson Software's Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. Suite. Long-standing Lawson AS/400 customer Designs, Inc. bought Casual Male in May 2002. After changing its name to Casual Male Retail Group, the organization began the task of deciding how to integrate the financial systems of the two companies. The cost of ownership, history of exceptional service, flexible reporting and ease of use solidified the decision to replace Casual Male's PeopleSoft on UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). with Lawson Software and move the entire organization to AS/400. "The strength of Lawson is its outstanding value--a robust system that helps us manage our multiple cost centers and multiple locations and offers easy, flexible and timely reporting," said Dennis Hernreich, Casual Male Retail Group COO/CFO. "In the past, reporting was clumsy. Now we can build rich, interactive reports in no time. Lawson provides us with timely, accurate information to enable immediate financial decisions. I would say we could easily save $2 million a year with Lawson because it allows us to scrutinize costs and other financial information now--not 30 days from now." Casual Male Retail Group will use Lawson Software's Enterprise Reporting solution to conduct budget comparisons and analyses that will help the organization keep a tab on its expense base. Margaret Glander Ward, vice president of Finance for Casual Male Retail Group, added, "Critically important to CMRG's profitability is maintaining a sharp discipline over its expense efficiency and having the ability to closely monitor and analyze its expense base. With Lawson's budgeting capabilities, CMRG will have a very effective tool in enhancing and maintaining its operating margins." "Lawson's comprehensive retail solutions were developed specifically for high-volume retailers like Casual Male to improve net profitability by helping increase revenues, reduce costs, and optimize an organization's workforce," said Carol Mackenzie, Lawson's retail market director. "Our software's smooth integration and quick time-to-value further solidify our stature as a leading advisor to the retail industry." Lawson Software's industry-focused software solutions enable retailers to easily integrate the systems they use to run and grow their businesses. These solutions provide financial information and analysis needed to increase profit margins. Lawson Software customers include five of the top 10 U.S.-based retailers, eight of the top 20 apparel retailers, seven of the top 25 grocery chains, 23 of the top 100 restaurant chains The following is a list of restaurant chains. See also: Fast-food restaurant, Casual dining, List of reference tables. International
About Lawson Software Lawson Software provides business process software solutions that help services organizations in the healthcare, retail, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , public sector, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and other strategic markets achieve competitive advantage. Lawson's solutions include enterprise performance management, distribution, financials, human resources, procurement, merchandising and services automation. Headquartered in St. Paul, Minn., Lawson has offices and affiliates serving North and South America, Europe, Asia, Africa and Australia. Additional information about Lawson is available at www.lawson.com. About Casual Male Casual Male Retail Group, the largest retailer of big and tall men's apparel, operates 472 Casual Male Big & Tall stores, Casual Male e-commerce site, Casual Male catalog business, 82 Levi's(R) Outlet by Designs and Dockers(R) Outlet by Designs stores and 6 Ecko Unltd(R) outlet stores located throughout the United States and Puerto Rico. The Company is headquartered in Canton, Massachusetts and its common stock is listed on the Nasdaq National Market under the symbol "CMRG." Since CMRG's acquisition of the Casual Male business in May, 2002, it has reduced corporate expenses by approximately $20 million on an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis, and expects ultimate cost reductions of at least $25 million upon completion of integrating all systems. |
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