Celerant Technology and Management One Partner to Offer Robust Open-To-Buy Services to Retailers
Celerant offers merchandise planning by integrating POS software with Management One to help retailers forecast inventory and maximize profits
Staten Island, NY (February 6, 2019) – Celerant Technology, a leading provider of retail management solutions, today announced a strategic partnership with Management One™, a leading provider of open-to-buy and merchandise planning solutions, to enable both small and large retailers to forecast inventory, control budgets, optimize sales and maximize profits.
Cost-effective and accurate merchandise planning for SMB retailers
Celerant offers two retail solutions – Stratus Enterprise™, a comprehensive and customizable solution integrating all channels in real-time; and Cumulus Retail™, an affordable and scalable SaaS point of sale with eCommerce. With these solutions, retailers can manage their store, website, marketplace integrations and digital marketing– all in a single platform. Through Celerant’s integration with Management One, data is automatically transferred from Celerant’s point of sale database to Management One in real-time, including inventory, sales, accounting and financial data. Leveraging this data, Management One’s Retail Experts can conduct a deep dive analysis of a retailers business and help them determine accurate inventory levels and reorder points; optimize sales and markdown strategies; and identify new growth opportunities. In addition, Management One provides retailers with a snapshot of their business, including benchmarking, sales trends, inventory turnover, profit margins, debt-to-worth ratio, store performance, and a review of other touchpoints.
“We are excited to partner with Celerant Technology, and help their retail customers become even more profitable. Through our open-to-buy services, we can improve their financial well-being, and even customize a plan for those who are behind in their payables and other expenses.”
– Marc Weiss, CEO & Co-Founder, Management ONE
Integrated open-to-buy and point of sale retail solution
Using artificial intelligence and machine learning, Management One will create a custom program to ensure the financial success of each retailer, with 94% accuracy when followed correctly. Management One can also customize a plan for those retailers who are behind in their payables and other expenses. Using Celerant’s retail system, retailers can easily implement a strategy based on Management One’s recommendations. Retailers can easily set up minimum/maximum thresholds and automate the reordering process with their distributors when inventory is low; allocate merchandise to the stores that need it most; create markdowns and personalized promotions to get rid of excess inventory and increase sales; optimize staff schedules and time-off to reduce labor overhead; and more.
We understand that tight inventory control is crucial to the success for any retailer. Through our new integration, our point of sale system is continuously sending Management One the valuable data it needs from our clients, in real-time, eliminating the need for the retailer to manually send reports. Our comprehensive inventory management system, combined with Management One’s inventory planning and expert consulting, ensures retailers order the right products, at the right time- in order to maintain tight control of their spending.”
– Ian Goldman, President and CEO of Celerant Technology
To kick off the start of its 20th year serving the industry, Celerant will showcase its retail solutions at many upcoming industry shows. To learn how our innovative technology can improve your retail business, visit Celerant at the MAGIC Show, Booth #73925 or at FN Platform, Booth #64103. To learn more about Celerant & Management One’s partnership, please visit https://www.celerant.com/managementone.
About Management One
Management One™ provides inventory planning to retailers around the world. With a passion for retail; our positive culture of sharing and learning; and intense attention to our products and customers– we have grown into the premiere choice for merchandise planning over 28 years. Our mission is to create and sustain financial security for our retail clients. Management One utilizes its rich pool of Retail Experts, our affiliates, to provide a deep dive into your retail business. Our Retail Diagnostics program is an important step toward ensuring healthy cash flow, and the profit you deserve. We cover financial review, benchmarking, compensation, and other touchpoints of your business to deliver a thorough, detailed analysis. You’ll get a view into your business, and its key areas of potential, that you have never seen before. We customize plans for retailers who are behind in their payables and other expenses; and offer a Turnarounds solution for those having difficulty receiving goods from their vendors or feeling the stress of creditors calling daily. We also created a powerful cash flow software tool, Retail ORBIT®, to ensure you always have fresh inventory and that you are always generating positive cash flow from your business. Our mix of high-tech and high-touch creates high-quality outcomes. For more information, please visit www.management-one.com.