Boca Raton, FL (January 9, 2014) — Efficient cash management and reconciliation is a crucial element in any successful retail operation. Retailers work on slim margins and are looking for ways to improve efficiency and have an impact on the bottom line.
Balance Innovations has developed a suite of solutions that focus on managing this important function. In this 21st Century Television feature, Steve Rempel, president & CEO and Shelley Bosler, senior vice president of strategic initiatives, join us to discuss their solutions.
The segment includes special comments from Balance Innovations customer Dean Sheaffer of Boscov’s and loss prevention industry expert Keith Aubele.
“We were able to save substantial costs, in terms of cash counting fees and check reconciliation fees,” said Dean Sheaffer, senior vice president of financial services and chief compliance officer of Boscov’s Department Stores. “In addition to that, we were able to make some of the other back office processes significantly more efficient.”
Balance Innovations is the leading provider of reconciliation and cash office management solutions for the retail industry. The company’s flagship product, VeriBalance®, improves cash office efficiencies by automating manual processes such as till balances, safe management, self-checkout balancing and deposits. Integrated to the store’s point of sale system, VeriBalance reduces the time it takes to perform traditional bookkeeping tasks, freeing up cash office associates for other activities.
“Our solutions have a tremendous impact on a retailer’s ability to streamline their stores and become more profitable,” said Rempel. “One of our team’s best attributes is the willingness to listen to our customers and develop solutions that exceed their expectations. Today, our cash office management solutions manage more than $212 billion in transactions each year.
Click link for airing schedule: http://www.tvbusinessnews.com/jan-14-clearance/21ctv2604-fbn.pdf
JL Haber, vice president of programming at Multi Media Productions, added, “As a leading provider of innovative solutions for the retail industry, Balance Innovations was a natural fit for our program. We are very excited to feature them on 21st Century Television.”
This special segment will air on January 11, 2014, on Fox Business Network and on January 12 on Bloomberg International and Bloomberg Asia Pacific. Balance Innovations will be demonstrating their solutions at the National Retail Federation 103rd Annual Convention and Expo January 13 and 14 at the Jacob K. Javits Center in New York at booth 1931.
About Balance Innovations
Balance Innovations is the leading developer of reconciliation and cash office management solutions for the retail industry. Our leading-edge, customizable solutions integrate seamlessly with existing POS technologies to simplify and improve retailers’ cash office management operations. Balance Innovations’ premier product, VeriBalance, is a patented, easy-to-use software solution that is helping retailers across the United States and Canada increase profitability and improve operations by reducing labor, bank fees and shrink while standardizing and enforcing best practices and corporate policies. Other products include: vbEPIXTM, an electronic check processing solution; vbScoutTM, a self-checkout management tool and vbInSightTM, a corporate reporting tool. Customers range from independent grocers to Fortune 50 retailers.
For more information, visit http://www.balanceinnovations.com.
About 21st Century Television
21st Century Television is an award winning business show that is independently produced by MMP (USA), Inc. The show provides its business viewers an in depth opportunity to find solutions to the industry problems from some of the top business leaders from across the world. With more than 5000 companies participating on over 500 shows, 21st Century Television continues to be the premier and targeted outlet for the latest business stories. 21st Century Television airs on cable networks that reach over 100 million viewers worldwide. For specific market-by-market air dates and times, please e-mail Moniqueh@mmpusa.com. For more information, please visit http://www.tvbusinessnews.com
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