Position yourselves to grow by reducing cost and risk from cash management
With fluctuating footfall throughout the day, increasing overheads and an increasing need to focus on customer experience, rethinking your cash management practices for your home improvement stores with Deposita offers you an opportunity to drive out cost and risk across your entire cash ecosystem, freeing up time and working capital for more value adding activities.
Some challenges you might be facing, that we’ve recognized and addressed from our extensive work with clients in the Home Improvement sector include:
- Adapting to changing consumer behavior, acutely impacted by a shift to multi-channel buying
- Rising operational costs in a competitive and changing landscape
- Optimizing in-store labor while also supporting crucial cash management processes
- Determining how to avoid overloading stores with excessive funds due to lack of visibility and controls
- Effectively managing the performance of CIT providers
- Realizing the benefits of SCOs without taking on new, cumbersome back-office management processes
- Transitioning to a modern cash management process which includes the increased introduction of self pay solutions for your customers
- A lack of visibility across your end-to-end cash operations given disjointed systems and siloed data
- Ensuring that changes made within cash handling processes align to positively impact other stakeholders within your organization
- Facilitating data-driven decision making
- Identifying and minimizing opportunities for cash leakage
- Managing competing demands, balancing administration with improving the customer experience.
Working Capital Improvement
Cash Leakage Reduction
Reduction in Reconciliation Exceptions
Reduction in Cash Processing Volumes
CIT Cost Reduction
We recognize every organization is unique. That’s why our approach is consultative and our solutions are tailored to meet your specific needs. Contact us today to explore how we can work together to achieve your goals.