AG Parfetts Selects Nextworld to Transform Financial Operations for Future Growth

AG Parfetts Transforms Financial Operations with Nextworld

Parfetts, a prominent employee-owned grocery wholesaler in the UK, has made a significant decision to enhance its financial operations by partnering with Nextworld. This strategic move is aimed at overcoming inefficiencies associated with their existing paper-heavy systems and embracing a digital-first approach that enables robust growth.

With an impressive turnover of £733 million and a comprehensive product lineup of over 9,000 items stocked across eight depots in England, Parfetts has established itself as a leader in the wholesale sector. However, the company recognized that its outdated finance systems hindered their agility. Therefore, they sought a modern solution to support their ambitious growth plans.

Noel Robinson, Joint Managing Director at Parfetts, remarked, "It does not matter how big or small your business is; Nextworld delivers full enterprise-grade power without compromise." This sentiment encapsulates the essence of their transition: a commitment to enable dynamic operations through advanced software.

Moreover, Guy Swindell, also a Joint Managing Director, emphasized the need for a solution that not only aligns with their business ambitions but also adapts to future requirements. After an extensive market exploration led by the company’s IT strategy group, Parfetts selected Nextworld’s composable enterprise platform, noted for its modern financial suite and unparalleled configurability.

The capabilities of Nextworld’s platform go beyond mere software updates; they integrate core functions, allowing the finance team to maintain a unified ledger that simplifies tracking receivables and payables. This enhancement facilitates efficient reporting across different departments and depots while accelerating the overall financial closing process, a critical factor for any wholesale operation aiming for rapid scaling.

Davian Mistry, Account Director at Nextworld, stated, "Parfetts is a prime example of what modern finance deserves: less friction and more freedom." This partnership signifies a shared commitment to prioritizing people—customers and employees alike—while ensuring that Parfetts is equipped to thrive in the future.

As an established cash-and-carry wholesaler that supports independent convenience retailers throughout the UK, Parfetts stands at a pivotal juncture. The upcoming opening of their ninth depot in Southampton further exemplifies their aggressive growth strategy. By implementing Nextworld’s advanced financial solutions, they are not just upgrading their systems; they are laying the foundation for sustainable reinvestment in their workforce and services.

Nextworld, with its innovative composable business platform and focus on operational excellence, is the perfect match for Parfetts' forward-looking approach. Their future-ready architecture supports quick adaptations without sacrificing performance, thereby encouraging businesses to streamline their unique processes.

In conclusion, this transformative initiative by Parfetts, bolstered by Nextworld’s next-gen technology, aims at redefining operational excellence in financial management. As they transition from their legacy systems, Parfetts is clear on their vision: to remain employee-owned and customer-driven while preparing for the challenges and opportunities that lie ahead in the grocery wholesale industry. With a strong focus on community and sustainable practices, they are set to redefine what it means to be a leader in their field.