SOURCE: Balance Innovations LLC

Balance Innovations LLC

November 02, 2011 09:00 ET

K-VA-T Food Stores Implements VeriBalance Cash Office Management Solution

LENEXA, KS--(Marketwire - Nov 2, 2011) - K-VA-T Food Stores has implemented VeriBalance by Balance Innovations® as its cash office management solution in all of its stores. K-VA-T is a regional, family-owned supermarket chain that operates 105 stores in Kentucky, Virginia and Tennessee under the Food City and Super Dollar banners.

VeriBalance automates K-VA-T cash office processes, reduces errors and eliminates manual tasks. It will also provide the company with tighter control over its currency and the monitoring of its safes. VeriBalance will reduce the time it takes to perform traditional bookkeeping tasks, freeing up cash office associates for other activities.

"The most significant benefit that VeriBalance provides is the overall operational improvement, time savings, and consolidation of all cash office procedures," said Don Mascola, vice president, in-store services, for K-VA-T. "By using an automated system, we've been able to standardize our processes to comply with K-VA-T corporate guidelines. VeriBalance also provides many intangible cost benefits to our organization."

By limiting cash counting to select team members, K-VA-T was able to make workflow more efficient and reduce the opportunity for cash loss. VeriBalance has also helped K-VA-T's loss prevention department to establish an electronic audit trail by moving all cash office activities to a software-driven process.

"Our partnership with K-VA-T is important to us," said Greg Drees, executive vice president of sales at Balance Innovations. "We understand the current challenges that retail stores face and the ever-present need to create operational efficiencies. Our primary goal with K-VA-T is to provide solutions that meet their operational objectives and create a sound ROI. We look forward to a lasting partnership with them."

Balance Innovations will be demonstrating VeriBalance in their booth # 311 at Retalix, Synergy 2011 in Dallas, TX. During the conference, Don Mascola, vice president, in-store services, for K-VA-T will be giving an educational session illustrating the benefits K-VA-T received as a result of the implementation of VeriBalance in their Food City stores.

About K-VA-T Food Stores Inc.
Headquartered in Abingdon, Virginia, K-VA-T Food Stores operates 105 retail food outlets throughout the tri-state regions of Southeast Kentucky, Southwest Virginia and Northeast Tennessee. Please visit www.foodcity.com for more information.

About Balance Innovations

Balance Innovations is the leading developer of reconciliation and cash office management solutions for the retail industry. Our leading-edge, customizable solutions integrate seamlessly with existing POS technologies to simplify and improve retailers' cash office management operations. Balance Innovations' premier product, VeriBalance, is a patented, easy-to-use software solution that is helping retailers across the United States and Canada increase profitability and improve operations by reducing labor, bank fees and shrink while standardizing and enforcing best practices and corporate policies. Other products include: vbEPIX™, an electronic check processing solution; vbForecast™, a cash forecasting product; and vbScout™, a self-checkout management tool. Customers range from independent grocers to Fortune 50 retailers. For more information, visit www.balanceinnovations.com.

vbEPIX, vbForecast, and vbScout are trademarks and VeriBalance is a registered trademark of Balance Innovations, LLC.

Contact Information

  • Contact:
    Diane Collins
    Director of Marketing
    913-599-1177