ROI Analysis: Part 4

posted on Monday, August 16, 2004
by Kyle Ritter

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In our final installation of our 4 Part ROI analysis article, we will show you how you can prevent under-rings, which are often a form of employee theft by giving discounts and reduced costs to friends and family. We cover how you and your managers can generate reports in all manner of productivity based on employee sales, inventory, area positioning, and more. Finally, learn about how point of sale and accounting software integration will help generate you the most significant ROI.

Under-rings

Virtually eliminate under-rings through automation.

One of the major benefits to the ca|micro retail automation solution is that you can almost completely eliminate under-rings. With tradition cash register there is no way to reconcile a shortage between the number of products sold and the actual amount charged per item. With a POS terminal the employee does not have the ability to manually enter a price and is forced to either scan the item or enter it from the database and the prices cannot be changed unless they are given security rights to do so. The reality of an employee charging $5 for a $20 item is completely gone.

Management Reports

Having the right information to make the key business decisions is critical the success of any organization.

The benefits of having access to reports that show the key business metrics is absolutely vital to the success of a retail store. Being able to send trends developing and track sales activities is critical. Some of the key benefits include having reports on:

• Top selling items.
• Top producing employees
• Most product departments or product categories.
• Most profitable items.
• Least profitable items.
• Best suppliers.
• Best and worst customers.
• Customers who have not purchased recently.
• Highest margin products.
• Hundreds of other reports and key business data that is available through completely customizable reports.

Accounting Integration

Reduce bookkeeping expenses and get access to up-to-date accounting information in a real-time basis.

The ca|micro solution will enable any retail business to have every transaction directly entered into back-office accounting program. QuickBooks, Quicken, Peachtree and other major accounting programs are all supported. There is an immediate impact in lower bookkeeping expenses, as well as the ability to access key financial information that is up-to-date and accurate. A retail business will know exactly what daily cash flows and accounts receivable are, as well as daily balances sheets at the end of each day.



ROI Analysis: Part 1
ROI Analysis: Part 2
ROI Analysis: Part 3
ROI Analysis: Part 4

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