Case Study: Harvey Nichols streamlines finance and reporting with Advanced Financials

Accounting function from Advanced pushes Harvey Nichols upmarket with an extended finance solution

Harvey Nichols, a luxury retailer, faced challenges with an outdated head office finance system that could not support its rapid expansion and double-digit growth. The legacy system lacked the functionality to produce timely reports, track invoices, and monitor expenditure effectively. The company sought a best-of-breed, out-of-the-box accounting solution that would require minimal IT development and allow them to become self-sufficient.

Advanced implemented its Financials solution, encompassing general, purchase, and sales ledgers. The system was integrated with existing payroll and stock control systems. A key component was the eBIS functionality, which provided electronic, workflow-enabled access for non-finance users to authorize invoices remotely. This implementation resulted in significant time savings, improved accuracy, and faster invoice payments. Advanced's solution provided a single source of financial truth, streamlined accounting processes, and delivered the robust reporting needed to fuel the retailer's future growth.

Harvey Nichols

Manju Malhotra

Financial Controller