Implement tools & workflows to achieve your goals
When accounting for retail businesses, we’re always looking backwards to forecast where we might be headed in the next quarter, the next year, or even 5 years from now. In trying to make informed financial decisions, however, the further back we look, the less relevance the data has for us today.
That’s why staying on top of changing buyer preferences and volatility in the marketplace is so important to Retailers. However, many Retailers rely too heavily on gut-instinct because the only information they have is out-of-date, inaccurate and/or hard to extract. When one selling season can make or break you, relying on guesstimates without hard data won’t do!
Retail Rescue will help you understand and navigate the complexity of your business by implementing tools and workflows designed to help you achieve your business goals.
Learn cash management techniques That will keep you in the money
With 82% of small business failures attributed to poor cash management, retailers with seasonal revenue cycles and significant cash tied up in inventories, must understand and practice good cash flow and inventory management.
Retail Rescue focuses on teaching you the financial processes and operational techniques that will help improve cash flows, identfy your ideal product mix, increase profit margins and drive more sales.
Harness cloud technologies to save time & reduce bottlenecks
Retail Rescue harnesses cloud technologies such as QuickBooks Online (QBO) and Vend, a Point of Sale application that seamlessly integrates with QuickBooks Online, to do the heavy lifting so retailers can easily track key performance indicaters that provide essential and timely management data to help boost the bottom line.
When operational and financial discipline are integrated into your daily management processes you will have greater control over your business, a better understanding of your customers and tools to build your customer base with cross-channel sales opportunities.
Get the tools that move Your to financial success
Retail Resucue teaches you how to implement a simple rolling cash flow budget, track key performance indicators such as profit margin, Inventory turnover ratio, sales per square foot, foot traffic & conversion rate (counts those customers who actually buy), sales count, average transaction or basket value using technologies that will save you time and provide actionalble insights at your fingertips.
With these tools you are equipped to more quickly respond to your customers buying preferences and allocate resources to products with higher profit margins.