Effective cash forecasting yields greater returns
Excess cash is a non-earning, unproductive corporate asset. With Balance Innovations' vbForecast, it can now be put to use to improve bottom-line profitability.
vbForecast is a leading-edge forecasting tool specifically designed to help retailers make the most efficient use of their assets. It works by examining historical data and using the information to accurately predict daily cash needs by denomination for each store. This sophisticated forecasting capability is integrated with real-time management reporting to bring sizeable reductions in cash levels and bank fees.
The results are significant: Typical cash inventory and expense reductions of 20-40%.
Without the proper tools in place, retailers are unknowingly paying bank and armored car fees for inefficiently managed change orders. It is commonplace for cash offices to order unneeded cash through a standing order and then redeposit those same funds, incurring unnecessary fees on both sides of the transaction. vbForecast gives corporate and store personnel the tools to understand and resolve these costly and inefficient practices.
Used in combination with Balance Innovations' VeriBalance software, vbForecast provides a powerful link between corporate and store operations. Retailers can enforce corporate cash control policies and leverage them across the entire enterprise. Analysts and auditors can measure a particular store's cash performance and take the appropriate actions. vbForecast generates a wide variety of management reports and provides store personnel the tools they need to manage day-to-day operations.
Benefits
- Eliminates excess cash inventories
- Standardizes cash handling procedures and provides enterprise-wide management controls
- Improves management of self-checkout cash levels
- Increases profitability
- Reduces armored car and bank fees
- Improves cash optimization from a corporate perspective
- Eliminates cash creep
Features
- Forecasts enterprise-wide store cash supply and demand by denomination
- Provides cash order and shipment deposit recommendations
- Enforces corporate cash management policies
- Provides real-time view of the cash position of individual stores
- Displays daily store cash balances using both graph and list views
- Integrates with VeriBalance for seamless cash management and logistics optimization
- Offers extensive management reporting
- Supports multiple currencies
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