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Balance Innovations is revolutionizing how cash is managed by finance and operations executives with a modern SaaS platform.

The VeriBalance platform is designed to equip retailers with the tools and insights necessary to maximize their cash management cycles. It delivers a comprehensive, real-time view of your cash position across the enterprise with drill down capabilities to store and device level...all of which powers improved decision-making.

With VeriBalance you can make better financial and operational decisions by:

  • Reducing cash exposure and cash on hand
  • Optimizing and automating manual processes to maximize store labor productivity
  • Ensuring compliance, governance and consistency across stores with real-time reporting and alerts

To learn more about how to dramatically improve productivity, increase visibility and unlock millions in working capital, please visit: www.evolvingretailtech.com

Booth ID: 
166205
Company ID: 
973
Booth type: 
Booth Space - Member
Contact first name: 
Rachel
Contact last name: 
Bloodgood
Contact title: 
Campaign & Event Manager
Contact address 1: 
11011 Eicher Drive
Contact address 2: 
Contact city: 
Lenexa
Contact state: 
KS
Contact country: 
United States
Contact zip: 
66219
Contact phone: 
913-302-7691
Contact fax: 
Contact toll free: 
Contact email: 
rbloodgood@balanceinnovations.com
Press Releases: 

Balance Innovations Launches Cash Forecasting

Balance Innovations Launches Cash Forecasting  

New feature leverages machine learning to predict cash demand and free up capital 

 

LENEXA, Kan. (Dec. 21, 2018) -- Balance Innovations, the only hardware-neutral, end-to-end integrated cash management software provider, will launch a revolutionary new capability at NRF 2019.  The new capability--Cash Forecasting—leverages IoT (Internet of Things) integration, machine learning, and data to help retailers predict cash demand independent of what hardware or software they currently use.   

 

Cash Forecasting is the first data analytics offering for the Balance Innovations VeriBalance platform and the only solution that integrates all cash-handling systems and devices. The platform can access cash handling devices in real time to identify cash on hand by denominationIt then uses store-level historical data, combined with machine learning algorithms, to predict cash demand and forecast how much cash by denomination is needed at each store. 

 

“We are seeing the opportunity to awaken millions of sleeping dollars spread across 1000s of stores almost instantly along with the ability to incrementally fine-tune these forecasts over time to help retailers build confidence as they move past decades of intuition-based approaches,” said Darren Knipp President and CEO of Balance Innovations.  This software-based capability works with retailers existing systems thereby accelerating implementation while delivering results in a fraction of the time and cost compared to traditional hardware-based solutions. 

  

As NRF 2019 focuses on intelligent retail and using data science to enable innovation, Balance Innovations is turning these theories into practice with solutions that help retailers make better, faster decisions while freeing time and money to focus on their customers.    

Visit Balance Innovations at NRF booth #3681 for a demo of Cash Forecasting, and its end-to-end integrated cash management system.  

About Balance Innovations  

Based in Lenexa, Kansas, Balance Innovations revolutionizes retail through powerful, fully integrated, cloud-based currency management solutions. Its VeriBalance platform is the only enterprise software platform that connects all points of currency operations, lowering the cost of accepting cash and increasing efficiency at all levels of the organization. Harnessing the power of data, Balance Innovations systems drive increased productivity and operational innovation by giving valuable time back to retail organizations throughout the U.S. Visit www.balanceinnovations.com 

 

Media Contact 
Ami Bensman  

Balance Innovations 

913.553.8745/ABensman@balanceinnovations.com

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Balance Innovations
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