Balance Innovations’ consulting services bring our organization’s expertise to retail companies to help maximize efficiency and profitability in the cash office and at the front end. We focus on implementing best practices, optimizing labor, and creating operational excellence.
Our team of results-oriented experts has worked with Fortune 50 companies from grocery to general retail and with independent retailers, bringing a unique perspective to customer issues. Our experts have been in thousands of stores and cash offices and put the benefit of their years of experience to work for our retail customers, defining strategies to optimize resources and improve efficiency and consistency.
Balance Innovations works with each customer to identify, assess, and manage opportunities for improvement. Detailed data and on-site observation tools are used to gather information to advise customers on making changes to enhance performance at both the store and corporate levels.
Areas of specialty include:
Cash Office Best Practices
Our team will analyze current practices and make recommendations for improvement in areas such as till balancing, cash deposits, check processing, and safe management, as well as the front end and business center. We can also look at the cash office layout, design and technology to find areas for improvement.
Labor Management
Services in this area include developing engineered labor standards, implementing driver-based labor planning by store and creating bottom-up scheduling to maximize labor efficiency.
Front-End Shrink Management
Our experts will demonstrate how Balance Innovations’ VeriBalance technology can be used to track cash over/short by cashier and develop tighter controls and procedures. They will also show customers how to make the most of VeriBalance’s exception reporting and analytics features.
Store Roll-Out and Training
The Balance Innovations consulting team will help design an implementation strategy for rolling out new technologies and advise retailers on change management throughout their stores.
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