Factors to Consider When Evaluating Automation Technology – Part 3 of 5

Evaluation3How does your company assess potential vendors?

Look for domain expertise when assessing products from potential vendors because relevant experience is key. Take into consideration the following questions: Do they understand the retail marketplace and the unique workflow challenges associated with it? Have they built their solution to meet those needs?

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Factors to Consider When Evaluating Automation Technology – Part 2 of 5

Evaluation2Has your company mapped out the needed requirements of your business?

Sit down with your corporate team and local managers to identify the real issues and bottlenecks that are happening in the financial and HR departments, and select the solution that optimally addressees those obstacles.

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Factors to Consider When Evaluating Automation Technology – Part 1 of 5

Evalutaion1Does your company process large amounts of documents daily?

The first question is, should you automate? While company size has always been the typical approach to underdoing the “tipping point” of systems build out, in retail it is most important to assess the amount of documentation being processed each day. When handling thousands of financial transaction per month, or managing performance documentation for hundreds of employees in ...

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Goals Every Retailer Wants to Achieve – Part 5 of 5

Goal5Does Your Company Have Strong Vendor Management?

Healthy vendor relationships are particularly important in the retail and restaurant industry, as regular delivery of inventory is needed to sustain optimal operations. If vendor invoices fall through the cracks, it can quickly impact the vendor’s willingness to do business. Delayed payments can also cause retailers to lose out on potential vendor discounts, which are often offered to ...

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Goals Every Retailer Wants to Achieve – Part 4 of 5

Goal4Does Your Company Spend Excessive Time Manually Administering Paperwork?

Many times, when it comes to financial and HR documents, more time is spent administering the paperwork then processing it. Inefficiencies abound just in the AP department, where corporate receives thousands of invoices from all different sources – by mail, email, and fax – and then must manually key in invoice data, manually route each for approval, and ...

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Goals Every Retailer Wants to Achieve – Part 4 of 5

Goal4Does Your Company Spend Excessive Time Manually Administering Paperwork?

Many times, when it comes to financial and HR documents, more time is spent administering the paperwork then processing it. Inefficiencies abound just in the AP department, where corporate receives thousands of invoices from all different sources – by mail, email, and fax – and then must manually key in invoice data, manually route each for approval, and ...

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Goals Every Retailer Wants to Achieve – Part 3 of 5

Goal3Does Your Company Have Complete Accountability?

Hand in hand with visibility and compliance is the need to optimally manage accountability. Because retailers tend to have many parties involved in the execution of their business processes, including team members from both the central office and the numerous dispersed locations, accountability checks and balances must be enacted to ensure decisions are made by the managers with ...

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Goals Every Retailer Wants to Achieve – Part 2 of 5

Goal2

Does Your Company Have Compliance Assurance?

Enforcing compliance, not just the regulatory regulations but also with established internal processes, is a critical component of the corporate managers’ role – whether as a controller, CFO, or Head of HR. An organization may have great processes in place, but if they are not performed properly by staff throughout the company, then the whole system is compromised. Centrally managed retailers need a mechanism in place to assure ...

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Goals Every Retailer Wants to Achieve – Part 1 of 5

Goal1Do You Have Total Visibility of Your Business?

It is critical for a business to fully understand the total labiality structure of the organization as a whole, at any given time. This challenge becomes much more complex when your organization exists in more than one location. In today’s technological world, retailers not only have multiple stores with multiple business systems in place, but more information that need to be pulled analyzed from those ...

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Key Business Realities That Retailers Face – Part 5 of 5

Reality5Is This a Reality You Struggle With?

In this competitive industry, service is everything, and a satisfied customer is the ultimate goal. But it can be very difficult for corporate HR teams to gain visibility into the true performance of the company’s locally managed teams, whether good or bad. To be truly customer-centric, and reward staff members that provide great service, corporate HR managers need to ...

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