Duplication and Manual Processes is Costly for Independents.

10.12.10

For independent retailers the cost of running a retail business has grown significantly over the last decade in terms of compliance, meeting competition, and observing sound management practises.

This is especially so for multi-store operators and management groups.

A major part of this cost is the volume of manual processes required to carry out retail operations as well as to transfer information from one system to another. For example; transferring POS information or suppliers invoices to the business accounting program.  

This can disconnect financial control from retail operations with undesired consequences.     

Unfortunately too often with independent retailers it is retail operations that drive the business in an ad-hoc manner, leaving the financial controller and business owner to play catch-up.

Given the volume of paperwork that is handled at a store and then repeated at the group’s management office, it’s no wonder that this amount of duplication is an impost and a financial burden on an independent business.  However, the dangers in not carrying out these processes can be serious in terms of financial and operational integrity, measurability and compliance.  

Retail groups using Bas-X to manage their stores retail pricing have benefitted from Bas-X continual efforts to automate many of the manual processes to reduce their costs and improve workflows and data integrity.

This automation extends from simple tasks such as warehouse host collection and processing, through to more complex tasks such as promotional pricing, supplier deals and rebates, business intelligence (BI), and integrating suppliers invoices and sales receipts directly to the groups accounting program.

This is all made possible through Bas-X expertise in electronic data integration (EDI) technologies. This includes passing information between all major back office systems (BOS) and the major accounting programs in use by the retail groups.

Speak to Bas-X today about cost savings for your business.

Call Bas-X on 1300 738 803, or email your inquiry to info@basx.com.au

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