NEW YORK, Jan. 11 /PRNewswire/ -- QlikTech, the world's fastest-growing business intelligence software company, today unveiled how its dynamic analysis of information is delivering top and bottom line results across the retail and wholesale industries. More than 1000 global retail and wholesale companies using QlikView include Alessi, Body Shop Italia, Eden Park, Fila Europe, Grotto (Gas Jeans), HR Group, Magasin, National Frozen Foods, Robinsons Group, Stonefly, Siba, The Cocoa Trees, Verdecora, VIP Parts, Tires, & Service, Visionlab, and WH Smith. Attendees of the National Retail Federation 99th Annual Convention & Expo this week can visit booth 250 to view a live demonstration depicting how QlikView is providing retailers and wholesalers with a strategic information advantage across the enterprise including areas such as sales, store operations, marketing, merchandising, inventory management, and the extended value chain of suppliers and vendors
"Prior to QlikView it was impossible for us to get at detailed operations, merchandising or supply chain data without laborious manual slicing and dicing from transaction systems into spreadsheets. Now we can juxtapose data from these systems - which we bring in at the item and transaction levels - any way we want and at any granularity," said Dan Grosz, Vice President of Information Systems at VIP Parts, Tires, & Service, a US-based automotive retail chain. "QlikView has been a real eye opening experience for the business and a great success for a relatively small IT shop with limited resources but very tight deadlines."
Retail and wholesale distribution is the second largest vertical market for QlikTech worldwide. QlikTech's retail and wholesale business has grown steadily year over year and in 2009 has continued to experience growth proportionate with that of the entire company. The down economy has actually played favorably to QlikTech's strengths and the company has experienced less resistance to invest by retailers and wholesalers based on its rapid time to value and ease of use.
In a recent survey sponsored by QlikTech, IDC found 98% of retail and wholesale users reported customer satisfaction(1) and marked business value after implementing QlikView, including:
- 56% Total Cost of Ownership (TCO) compared to other solutions evaluated(2)
- 250% Return On Investment (ROI)(3)
- 42% deployed QlikView in 1 Month; 69% in 3 months
- 30% increase in employee productivity
- 22% increase in cash flow
- 20% decrease in operating costs
- 13% increase in revenue
Retailers and wholesalers know the secret to a successful implementation is in achieving high adoption from the user community. The fact that QlikView is so simple any user can build an application for the business decisions specific to his/her function without having deep technical or data modeling expertise makes a huge impact on both customer satisfaction and related training and service costs.
For example, retail buyers using QlikView can build applications to self-select any number of data elements pertaining to sales and product performance, pricing and promotions, inventory sell-through and open-to-buy. With QlikView the buyer can visualize the analyses in a series of bars, charts and graphs and proceed to identifying trends, patterns and anomalies in performance. This allows them to immediately ask any number of follow-up questions to get answers needed to improve product performance and preserve gross margin.
"In a year where many retailers and wholesalers fell to mergers and acquisitions or were closing their doors, we find the survivors have a sense of urgency for maximizing sales opportunities and driving agile and efficient operations," commented Rebecca Braverman, Global Sector Director for Consumer Products, Retail and Distribution at QlikTech. "By delivering proven ROI and reduced TCO, QlikView is a prudent business intelligence choice for both the business and technical teams at retail and wholesale companies."
QlikTech is the world's fastest-growing business intelligence (BI) company. Its flagship QlikView product delivers instant business answers, enabling users to easily explore their data without limits. Unlike traditional BI, QlikView delivers immediate value with payback measured in days or weeks rather than months, years, or not at all. It is the only BI offering that can be deployed on premise, in the cloud, or on a laptop or mobile device -- from a single user to the largest global enterprise.
Through QlikView's disruptive, in-memory associative approach, business users have experienced unprecedented success and satisfaction, backed by its unique 30-day money-back guarantee. QlikTech has more than 12,000 customers in 95 countries and over 800 partners worldwide. For more information, please visit www.qlikview.com.
QlikTech and QlikView are trademarks or registered trademarks of QlikTech International AB. Other company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.
(1) IDC White Paper sponsored by QlikTech, "Success and Value from BI: The QlikView Customer Experience, Doc # IDCWP16R2, October 2009
(2) IDC White Paper sponsored by QlikTech, "The TCO of BI: The QlikView Customer Experience, Doc # IDCWP16R, October 2009
(3) IDC White Paper sponsored by QlikTech, "Time to Value and ROI from BI: The QlikView Customer Experience, Doc # IDCWP16R3, October 2009