SOURCE: Balance Innovations LLC

Balance Innovations LLC

January 13, 2014 09:00 ET

New Electronic-Safe Management Tool Now Available From Balance Innovations

LENEXA, KS--(Marketwired - Jan 13, 2014) - Balance Innovations has introduced its latest solution for retailers: vbSecure, an electronic-safe management tool. The solution is available now and is offered in a no-cost pilot program.

vbSecure, which integrates with safes from Armor Safe Technologies, makes managing electronic safes more efficient by automatically integrating safe transactions with the POS through VeriBalance, Balance Innovations' cash office management solution. vbSecure is primarily used in three ways: with electronic safes in fuel centers, with electronic safes being used to replace podium drawers at the front end of a retail store, and with electronic safes located in the cash office.

When used with a safe in a fuel center, vbSecure allows remote monitoring of safe funds from the cash office and automatically incorporates funds from the safe in daily reconciliation. Because funds are accounted for automatically, cash can be transported to and from the fuel center less often, reducing risk.

At the front end, electronic safes can be used in place of a podium drawer. In this case, vbSecure allows the cash office to remain closed throughout the day and automates front end processes. It also eliminates the need for manual reports because the transactions to the safe are accounted for electronically.

When used with an electronic safe in the cash office, vbSecure reduces labor associated with preparing daily deposits, as well as armored car pickups and associated fees. Because it is integrated with the POS through VeriBalance, it also eliminates manual entry and transposition errors.

"Electronic safes are a great loss prevention tool," said Rob Bryer, senior vice president of product management. "vbSecure adds another layer of protection and efficiency to these safes, making a great tool even better."

"We are so pleased to partner with Balance Innovations to provide retailers with this solution," said Larry Robinson, president and managing partner for Armor Safe Technologies. "Working with them creates opportunities for Armor Safe to enter new markets and further expand our reach."

Visit Balance Innovations in booth 1931 at the National Retail Federation Conference and Expo January 13-14 for a demonstration of vbSecure, as well as the company's other retail reconciliation solutions.

About Balance Innovations
Balance Innovations is the leading developer of reconciliation and cash office management solutions for the retail industry. Our solutions integrate seamlessly with existing POS technologies to simplify and improve retailers' cash office management operations. Balance Innovations' premier product, VeriBalance, is an 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; vbSecure™, an electronic-safe management product; vbScout™, a self-checkout management tool; and vbInSight™, a corporate reporting product. Customers range from independent grocers to Fortune 50 retailers. For more information, visit www.balanceinnovations.com.

About Armor Safe Technologies
Armor Safe Technologies specializes in the development, manufacturing and servicing of the industry's most innovative cash-management systems. Armor safes validate, count and secure cash in cassettes ready for delivery to the bank, establishing an effective closed-loop solution to many of the toughest challenges facing retailers: loss prevention, employee accountability and financial transparency. Retailers around the world rely on Armor's intelligent safes as a crucial component of their cash management processes. For more information, visit www.armorsafe.com.

Contact Information

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