....QSP expands its presence in the retail sector...
QSP announced today that it has won a considerable order to
provide products from its suite of financial management
software to Somerfield Stores Ltd. The deal was struck as a
result of Somerfield's need to replace a financial system
that was not equipped to cope with the Year 2000 date change
This deal enhances QSP's significant presence in the retail
sector. It currently supplies financial information systems
to Boots plc and WH Smith and has recently been awarded a
contract with Office Depot, the largest office products
superstore chain in North America.
The contract, worth £0.5 million, was signed following an
evaluation period which involved products from Oracle,
PeopleSoft and Coda. QSP was awarded the contract because of
its flexibility in responding to Somerfield's requirements
and the premium performance of its software, including
better invoice and debit note management and proven
integration with Workflow.
The suite of modules, which will be housed at the Somerfield
headquarters in Bristol, will support 200 concurrent users
based in headquarters and depots throughout the UK and will
run on an IBM 9672-R54 server. The suite will include
GENERAL LEDGER, PURCHASE ORDERING, PROJECT TRACKING and
"We needed to change our financial software as the existing
system was non-Year 2000 compliant," said Susan Boxall,
finance systems coordinator, Somerfield Stores Ltd. "We
chose to work with QSP because they understood our needs and
were flexible and committed in their approach. QSP's
software will integrate easily with existing systems and the
Windows style GUI makes the software extremely
"Potential future developments were also a consideration
when choosing QSP," Boxall added. "We hope to introduce
imaging in phase two of the project and the QSP system will
enable us to do this quickly and smoothly."
"We are making a major impact on the retail sector," said
David Pinches, marketing director, QSP. "This win highlights
that we are beating our rivals, such as Oracle Financials
and PeopleSoft, in head-to-head competition. We have a much
better product range and our customers are confirming this."
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QSP is a leading provider of enterprise-wide financial
software and services.
Founded in 1981, the company serves major organisations in
20 countries from offices in the UK, the United States and
QSP has clients in all key vertical markets, and is
particularly strong in finance, insurance and banking;
retail; airlines; utilities; and the public sector.
Customers include British Airways, Lloyds Bank, the Inland
Revenue, the Bank of England, Boots, BMW, Manweb, British
Gas, Pearl Group and the London Borough of Camden.
About QSP Financial Information Systems
A fully-integrated suite of real-time financial management
Designed for large user populations and transaction volumes,
the software supports both client/server and legacy
environments on both mainframe and UNIX servers. It delivers
flexible functionality and high performance with a choice of
relational database management systems.
QSP system are fully Year 2000-compliant and was designed
with European Monetary Union in mind. The suite includes
general ledger, accounts payable, accounts receivable,
credit management, procurement, commitment accounting and
asset management, together with industry-specific modules.
More information on QSP, its products and services can be
found on the company's web site at http://www.qsp.co.uk
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