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Merging Financial Systems

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Submitted By thr72
Words 2164
Pages 9
Merging of Standardized Financial Management System at TMW
Tricia Ridge
Keller School of Management
Managerial Applications of Information Technology
MIS 535
Lynn Evans
November 09, 2014

Table of Contents

Abstract 3

Company Background 3

Business Problems 4

High-Level Solution 5

Approach 5

The Men’s Wearhouse Systems 6

Detailed Options/Solutions 7

High-level Implementation Plan 8

Conclusion 8

Summary of Recommendations 9

References 11

Merging of Standardized Financial Management System at TMW
Abstract
The business problem to be solved in this paper is how to improve operational efficiencies, reduce IT costs for the Financial Management Systems used by The Men’s Wearhouse, and improve impact that these systems have on the corporate financial operations.
Company Background
The Men’s Wearhouse is a publicly traded company that has been in business for over 40 years. They have been helping men with the way they look and have been able to make good on this promise thanks to the customer service delivered each and every day by their devoted employees. The customer’s satisfaction is the highest priority at each and every Men’s Wearhouse location. “In 1971, George Zimmer entered into the apparel industry. In four decades, The Men’s Wearhouse has grown from one small Texas store to the largest specialty retailer of men’s wear in the United States.”("TMW," 2014, p. 1)
The Men's Wearhouse is a specialty retailer of men's suits and a supplier of tuxedo rentals in the United States, United Kingdom, and Canada. It operates in two segments: retail and corporate apparel. “As of February 2, 2013, The Men’s Wearhouse operates 1,143 retail stores. Of the 1,143 retail stores, 1,023 of the stores are in the United States and 120 stores are

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