Safeway's Entire Operations Now Live on Lawson Financials Suite.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)--May 5, 2003 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 the entire operations of Safeway Inc. (NYSE NYSE See: New York Stock Exchange :SWY) are now using Lawson's Financials suite. The recently completed implementation moved Safeway from disparate reporting systems to a consolidated financial solution that allows the company to operate from a single source of data and common chart of accounts. Safeway is running Lawson's 8 series applications on a distributed platform configuration of Unix and DB2. Safeway's implementation of Lawson's Financials suite, including General Ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. , Accounts Payable, Accounts Receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , Asset Management and Activity Management, will greatly expedite and enhance the quality of reporting at the division level of the company. "Lawson's retail solutions will help our organization create accurate and timely reports for helping us make quicker, better informed decisions, which is critical in our highly competitive industry, where margins are exceptionally tight," said Mike Ferrell, group vice president of the National Account Service Center for Safeway Inc. "We are working with the leading financial solution that caters to the unique needs of the retail industry." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jeff Roster, a senior analyst at Gartner Dataquest, grocers and retailers alike are finding it increasingly important to have near real-time access to information to respond to rapidly emerging trends. "Lawson helps large organizations like Safeway transform disparate data into useful information," said Carol Mackenzie, retail market director, Lawson Software. "Our financial solution is providing Safeway with the tools it needs to manage its operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and revenue opportunities for improved net profitability." Lawson's industry-focused software solutions enable retailers to integrate the systems they use to run and grow their businesses. These solutions provide financial information and analysis needed to increase profit margins. Lawson 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, public sector, financial services 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 Safeway Inc. Safeway is a Fortune 50 company and one of the largest food and drug retailers in North America based on sales. The company operates 1,695 stores in the U.S. and Canada. Its common stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol SWY. |
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