Source: www.gmt.com
Topic: Forecasting
Sort Desciption: ... that the retail industry will see significant profitability improvement through the use of vbForecast. Ten of the top 20 retail banks have enjoyed the benefits of cash forecasting and order management ...
Content Inside: (more) Balance Innovations LLC 13400 W. 99th St. - Lenexa KS 66215 - 913-599-1177 - www.balanceinnovations.com NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Kerri Holtzman Director of Marketing January 15 2007 913-599-1177 Balance Innovations introduces advanced cash management software to enhance retail store profitability vbForecast accurately determines required cash levels by denomination Lenexa Kan. : Balance Innovations has introduced vbForecast an advanced cash management software application that helps retailers optimize profitability by accurately monitoring and forecasting cash demands. Optimized for retail use and integrated into Balance Innovation's proprietary cash office management software VeriBalance vbForecast uses historical data to predict cash demand by denomination allowing retailers for the first time to accurately determine proper cash needs for store and corporate use. By using vbForecast retailers avoid incurring unnecessary bank and courier fees and can reduce a retailer's cash-on-hand by 30-45 percent. The product also offers corporate reporting and controls ensuring that decision makers have access to the information they need regarding their company's cash position and requirements on a daily basis. vbForecast has integrated GMT Corporation's CashMaster solution a leading cash management application used extensively in retail banking. Balance Innovations has partnered with GMT Corporation a leading provider of cash and resource management applications worldwide to offer retailers this optimization solution. Through the partnership Balance Innovations has exclusive license and distribution rights to GMT's CashMaster software for the retail industry. "We saw an opportunity to leverage the leading cash forecasting solution in the financial industry to satisfy a growing need in the retail industry" said Gil Anderson CIO of Balance Innovations. "With retailers today deploying self-checkout systems like banks ...
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