Mastering Data Management: A Success Story from LS Retail

LS Retail adopted the TimeXtender Data Management (formerly Exmon) platform to streamline their internal processes, aligning with their mission to “make business easy.” By implementing a strong and simple Master Data Management approach, they enhanced their data quality, proactively tackled bad data, and minimized the risk of incorrect invoices. The adoption of TimeXtender has resulted in increased client satisfaction, reduced business costs, and a more agile response to data discrepancies.

The adoption of TimeXtender has resulted in increased client satisfaction, reduced business costs, and a more agile response to data discrepancies. 

LS Retail and Their Data Management Quest

LS Retail is a global leader, delivering unified ERP software solutions for various sectors, including retail, hospitality, pharmacy, and gas stations. With operations in more than 140 countries, LS Retail, a member of the “Microsoft Dynamics Inner Circle” since 2021, has a mission to “make business easy” for their clients.

However, to fulfill this mission, LS Retail needed to first simplify their internal business processes. Margrét Helga Sævarsdóttir, Financial Controller at LS Retail, was tasked with the challenge. Her role includes managing monthly closings, budgets, and forecasts. Margrét found her solution in the TimeXtender Data Management platform, which she used to map LS Retail’s accounting structure to the new Group organization structure.

Enhanced Data Quality with Master Data Management

Margrét shares her experience using the TimeXtender Data Management platform. She first used TimeXtender to enhance data quality by identifying and resolving discrepancies in the budget and forecasting process. It helped her pinpoint duplicate or missing dimensions, which could lead to incorrect reporting.

 With TimeXtender, LS Retail could manage and monitor their data continuously. This application allowed them to keep tabs on their data inputs and ensure accurate filling of customer cards/accounts in Dynamics before billing the customers, thus reducing the risk of erroneous invoices.

An Effective Solution to Bad Data

Choosing this powerful platform allowed LS Retail to be able to preemptively tackle bad data, rectifying exceptions as soon as they occur. This proactive approach, Margrét notes, is thanks to the simplicity and smoothness of TimeXtender, which provides LS Retail with endless agility in their fight against bad data.

“There’s no doubt that TimeXtender simplifies our daily operation and makes our financial processes run more smoothly” – Margrét Helga Sævarsdóttir, Financial Controller at LS Retail 

LS Retail currently operates with 13 Business Units (BUs) on their Business Central. With TimeXtender’s Master Data Management capability, they can get an overview of all their data and understand the status of their data in one trustworthy place.

The Conclusion

The demand for Master Data Management solutions continues to grow as more organizations invest in BI and data software. If you’re interested in seeing how the combination of TimeXtender and TimeXtender Data Management Platform can help manage your data, consider signing up for a free personal demo. See it in action and watch firsthand how you can boost your business with organized, reliable, and trustworthy data.