STORES Magazine Features Clarity Customer Guitar Center
TORONTO, ON (August 18, 2005) – Clarity Systems, a world leader in business intelligence (BI) and corporate performance management (CPM), was highlighted in the recent July edition of STORES Magazine in an article featuring CPM client Guitar Center. The article outlines how Guitar Center has leveraged CPM to help them manage their rapid expansion and growth.
Guitar Center, the nation’s largest musical instrument retailer, has grown from a privately owned, 20-store chain to a 148-store public company in recent years. “When we became a public company, we also gained the challenges that come along with that responsibility,” says Pia Washington, Manager of Financial Analysis and Budgeting for Guitar Center. “This included the transition to a larger corporate budget structure.”
The article discusses many of the challenges Guitar Center faced in their transition, what they looked for in their search for a solution, and the key benefits they have derived from moving to a web-based corporate performance management system. Most importantly, the article focuses on how they have been able to simplify the budgeting process, decentralize budgeting and planning operations, provide more time to spend on value-added analysis, foster more accurate spending plans, and track actual spending against budget.
To view the entire article please click here
About Guitar Center
Guitar Center is the nation's leading retailer of guitars, amplifiers, percussion instruments, keyboards and pro-audio and recording equipment. We presently operate 148 Guitar Center stores, with 120 stores in 48 major markets and 28 stores in secondary markets across the U.S. In addition, the Music &Arts division operates 77 locations specializing in band instruments for sale and rental, serving thousands of teachers, band directors, college professors and students. Guitar Center is also the largest direct response retailer of musical instruments in the U.S. through our wholly owned subsidiary, Musician's Friend, Inc., and its catalog and Web site, www.musiciansfriend.com. More information on Guitar Center can be found by visiting the Company's Web site at www.guitarcenter.com
About STORES Magazine
Stores is the magazine of the National Retail Federation. Its readers are senior retail headquarters management who recommend or approve the purchase of a wide variety of vital store operations’ products and services.
About Clarity Systems
Clarity Systems delivers superior Corporate Performance Management software solutions for financial budgeting, planning, forecasting, consolidation, analytics and financial statement reporting to a large, global client base. With a rich feature set, Clarity 6 and Clarity FSR are unified applications that offer the flexibility, security, and control needed to make more informed business decisions while meeting compliance requirements. Named as one of Profit’s 100 fastest growing companies and a Branham 300 top 100 IT company, Clarity Systems continues to lead the industry as the independent CPM specialist. For more information, please visit our website at www.claritysystems.com or call us at 1-877-410-5070.
For more information, please contact:
Dave Paolini, Communications Manager
Clarity Systems Limited
416-250-5500 ext. 417
Toll free: 1-877-410-5070 ext. 417
dpaolini@claritysystems.com
