Standardize and optimize cash management practices to fuel effective growth
With the rising overheads, changing consumer behaviour and a competitive landscape, rethinking your cash management practices for your off price/discount 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 Off Price/Discount sector include:
- Adapting to changing consumer behavior, acutely impacted by the pandemic and a shift to multi-channel buying
- Painstakingly managing operational costs given thin margins
- Balancing general management responsibilities with the time needed to undertake crucial cash management processes
- Walking the careful line between never running out of cash and ordering too much change
- Managing high employee turnover
- Selecting the best partners to meet the needs of individual stores (e.g. banks and cash handling device providers)
- Avoiding the unnecessary charges that come from cross shipping currency
- Effectively managing the performance of CIT providers
- Realizing the benefits of SCOs without taking on new, cumbersome back office management processes
- Knowing how to increase visibility across your end-to-end cash operations given disjointed systems and siloed data
- Validating whether making changes in one area will cause an issue up/down stream
- Facilitating fast and data-driven decision making
- Identifying and minimizing opportunities for cash leakage
- Managing competing demands: Administrative V’s 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.