Lenexa, Kan.: K-VA-T Food Stores has implemented vbInSight by Balance Innovations as its corporate reporting solution. K-VA-T is a regional, family-owned supermarket chain that operates 103 stores in Kentucky, Virginia and Tennessee under the Food City and Super Dollar banners.
vbInSight is a web-based corporate reporting application for retail operations, loss prevention, audit, and treasury departments. It provides K-VA-T with immediate access, via alerts, to individual and aggregate bookkeeper and cashier data regarding all tender types.
“With vbInSight, we are able to view information remotely and manage exceptions without being present in the store,” said Kevin Stafford, director of front end operations for K-VA-T Food Stores. “Our loss prevention and audit groups can identify stores with higher over/shorts and target problem stores that might have cash issues or need additional training.”
Because vbInSight data is stored for up to 24 months, K-VA-T’s management teams can identify trending behaviors and analyze key performance indicators to correct negative patterns or reward positive results. vbInSight also allows K-VA-T to compare divisions and identify the highest and lowest performers quickly and easily.
“We’ve been able to regulate the amount of money we are holding in our stores because our treasury and banking groups easily monitor cash-on-hand levels and pinpoint stores holding excessive or insufficient amounts,” continued Stafford.
In addition to vbInSight, K-VA-T has implemented vbEPIX, an end-to-end solution for back office check conversion that provides total reconciliation at the store level.
“Our partnership with K-VA-T is important to us,” said Rob Bryer, senior vice president of product development at Balance Innovations. “We understand the current challenges that retail stores face regarding operational efficiencies. Our primary goal with K-VA-T is to provide solutions that equip them with the most accurate data—enabling them to make the decisions that meet their operational objectives. We look forward to a lasting partnership with them.”
About K-VA-T Food Stores Inc.
Headquartered in Abingdon, Virginia, K-VA-T Food Stores operates 103 retail food outlets throughout the tri-state regions of Southeast Kentucky, Southwest Virginia and Northeast Tennessee. Please visitwww.foodcity.com for more information.