British retail group Arcadia has selected a new cloud-based financial software solution to help support international growth of its Topshop and Topman brands.

The company has selected Infor CloudSuite Financials & Supply Management as part of a programme to modernise its finance systems. The solution is expected to support international growth and underpin an evolving business model for the retailer, and is anticipated to go live for 25,000 users in 2018.

Having previously used a number of systems across the group, Arcadia says it required a finance system that would consolidate processes from all business units to facilitate greater visibility, efficiency and more insightful, quicker reporting.

"As we continue to evolve as a business, it is paramount that our systems keep pace," says Arcadia CEO Ian Grabiner. "Through our deployment of Infor CloudSuite Financials we anticipate significant time savings, reductions in errors and superior insights which will give us greater agility. This will help to propel our business expansion, as well as give us much slicker, more flexible reporting which is crucial in the fast-paced retail industry."

Jason Berry, vice president of EMEA retail for Infor, adds: "Fashion retail is an increasingly challenging sector, and companies simply can't afford to be restricted in any way by back office systems that are outdated. Consumer expectations are perpetually increasing and retailers need systems which enable them to deliver a consistent brand experience across all channels."