Festi chooses Kepion to manage retail planning

By Emily Jordan - Updated August 29, 2018

Seattle, WA (Monday, 3rd July, 2017) – Festi, a parent company of Iceland’s major retail chains has acquired Kepion software to enhance their cost and profitability modeling on a single platform. The Festi conglomerate owns and operates four different supermarket chains and one in electronics, respectively known as Krona, Noatum, Bakkinn, Kjarval and Elko. Festi’s vast portfolio totals up to more than 30 stores across Iceland.

Kepion enables Festi to automate intercompany transactions and financial consolidation of its multiple subsidiaries. They can track detailed store history, calculate same-store performance drivers and to analyze seasonal trends, store margins, shrinkage rates, on-line promos, and inventory metrics at the store level among its 5 chains. Using Kepion’s analytical capabilities, Festi has the ability to quickly measure the impacts on its cash flow and P&L for new store openings or potential store closings.

About Kepion on the Microsoft BI Platform

Kepion (www.kepion.com) delivers global corporate performance management software (CPM) based on Microsoft’s technology across the North & South America, Australia, Europe and Asia. Companies, which include some of Microsoft’s top enterprise customers, have adopted Kepion Planning as their global budgeting and financial forecasting software.

Since Kepion is built on the Microsoft Business Intelligence platform, customers are able to plug their own Microsoft BI tools directly to Kepion for reporting and analysis.  Kepion business performance management software allows business users to easily enter their targets for company-wide strategic plans, top-down & bottom-up budgeting and continuous fiscal & rolling forecasting, all within a single, easy to navigate web interface environment.

About Kepion

Kepion delivers performance management solutions for the office of finance. Kepion is built on the Microsoft BI platform powered by SQL Server. Kepion provides an entirely web-based planning solution founded on the principle “Simply Flexible: Providing simple access & navigation to your needed information, combined with a fully flexible platform to build solutions that fit around your key business functions”.

For more information, please visit our website at www.kepion.com or email us at info@kepion.com

The announcement of a customer’s selection of Kepion software is not necessarily indicative of the timing of recognition of revenue therefrom or the amount of revenue for any particular period. In addition, in many cases Kepion’s software must be successfully implemented and deployed to enable the customer to achieve its business objectives. The announcement of a customer’s selection of Kepion software