With Tellermate’s help, Matalan can drive in-store efficiency, reduce shrink and drive adherence to process across stores as it continues to grow…
Matalan is growing, fast. But with this rapid expansion, comes challenges around in-store efficiency, adherence to process, and unfortunately, shrinkage.
But what if you could find a way to drive efficiency and reduce store operating costs by automating manual tasks? And what if you could implement innovative technology to reduce shrink across your stores? Even better, what if this technology could provide real-time visibility of all the physical cash across each and every store – down to the very last penny.
By implementing intelligent cash management technology, Matalan can continue to achieve its growth strategy while reducing shrink, virtually eliminating cash loss, driving efficiencies and reducing labour costs across your stores. Here’s how…
Matalan stores are busy places. Your employees are likely already stretched to capacity, and staff leaving the shop floor to reconcile tills, replenish change or prepare CIT deposits only puts more strain on your remaining cashiers. By implementing an intelligent cash drawer solution, such as LiveDrawer®, Matalan could simplify the traditional cash management process by automating manual cash counting tasks and reducing the number of “touches” your cash needs. This streamlined process saves valuable time, allowing you to cut this labour cost completely or reallocate staff to profit producing tasks.
Of course, as well as driving efficiency, you’ll want to protect your hard earned profits… With LiveDrawer’s detailed transaction-by-transaction analysis, Matalan could pinpoint a cash loss of as little of 1p to an exact till, shift, time – and even cashier – all in real-time. Alerts will be fired that give cashiers and managers an opportunity to correct a mistake as it happens, preventing the need for lengthy, retrospective loss prevention investigations. Plus, the dashboard and analytical reporting tool will also help identify problem stores, suspect transactions and even cashiers with higher than average rates of loss. All this means shrink is reduced, operations are streamlined and profits are protected.
At Tellermate, we help businesses just like Matalan drive efficiency, reduce shrink, lower operating costs and get better visibility of their cash. Our intelligent cash management solutions are used by leading retailers such as Ralph Lauren, H&M, and New Look to help them spend less time investigating cash loss, reconciling cash drawers, setting floats or counting deposits; and more time where it really matters – with their customers.
We’d love the opportunity to explore how we could help Matalan achieve your expansion plans, while driving efficiency, reducing shrink and getting better visibility of the cash across your stores.
Get in touch with us using the form below
