Let’s be frank, the life of retail management is not an easy one. Not only are you competing with other retailers, but you are expected to meet your store’s weekly targets, maintain a smooth operation, and provide excellent customer experience, all at the same time.
With a list of responsibilities that only seems to grow, it is fair to assume you would be happy to have assistance to not just improve your operational efficiency, but to drive you in front of the competition.
While the answer to this used to be additional personnel to create a numerical advantage, modern businesses are steering towards a strategic one.
One strategy people are turning to is data-based software solutions. After all, “data is the new gold”. In fact, Data Guru, Thomas C. Redman has been quoted stating “where there is data smoke, there is business fire”. But with so many software services on offer in the market that feel complex and unfamiliar, how do you pick the right one?
The answer to that may be simpler than you imagined … Pick something familiar and easy to navigate. What is more familiar than cash? After all, every retailer has a cashflow, but have you ever imagined putting it to work?
The Ubiqular Manage Solution
Ubiqular Manage, a component of the Ubiqular Suite does exactly that. It is now assisting various retail organisations worldwide, by unlocking the hidden value of their cash’s data, in real-time.
Due to the connectivity of Glory’s cash automation devices, retail businesses utilising Glory products have a strategic advantage, by being afforded the opportunity to benefit from their cashflow data through an Ubiqular Manage subscription.
Retailers that have Glory’s hardware solutions in-store already are merely a call away from utilising Glory’s Ubiqular Manage to give them three major advantages over their competitors.
Advantage 1 – Remote Monitoring
With so many responsibilities in store, it is impossible to divide your attention equally between all tasks, which of course increases the likeliness of human-error. To assist retailers with this, Glory provides HQ, enterprise level reporting for your connected Glory devices, giving a complete cash picture across the organisation, or an individual store.
Ubiqular Manage not only enhances management efficiency but improves overall cashflow and cash costs because your devices are continually monitored by Glory supports teams, which will allow for remote service interventions and software updates when necessary.
Advantage 2 - CIT Management
CIT services are essential to retailers and their cashflow but yet again this is another responsibility that management have to handle outside of their day-to-day duties. Depending on a specific provider or negotiating can be tricky but with Ubiqular Manage, that becomes a problem of the past.
The remote monitoring of your cash flow allows Glory to create automated change orders to avoid excessive and costly use of CIT services, this leads to less CIT trips and reduces costs. To increase convenience, Glory manages the day-to-day CIT relationship on behalf of the retailer or will contract with the CIT directly and manage billing as part of the UBIQULAR Manage service.
The retailer does not have to involve themselves in price comparisons or vault counts for daily credit. For these reasons, expenses and risks are greatly reduced.
Advantage 3 – Provisional Credit
Provisional credit comes with its challenges. If you find yourself worrying about consolidating cash from several banks, dead cash, bank fees or the extra labour it takes for reconciliation, this is yet another problem Ubiqular Manage has a solution for.
Retailers subscribed to Ubiqular Manage have their cashflow continuously monitored so that it can be reported on demand. Glory enables provisional credit if supported by the retailer’s banking partner and the value of funds can be transmitted even before money has been picked up, hence an improved cashflow.
To join the growing number of retailers subscribing to Ubiqular Manage and utilising its benefits, let’s start a conversation…
