Chargebacks are an unfortunate reality of a retail business and can be devastating to your bottom line. Read on for everything you need to know to streamline the entire chargeback process, including smart fraud management, reducing fraud, clear policies, and informed intelligence.
If there’s any doubt about the impact of cash management solutions on the cost structure of retailers, consider this recent finding by IHL Group: Replacing manual processes with automation technology can save retailers an average of 200 to 500 labor hours monthly per store.
As customer expectations shift ever closer to instant gratification, retailers must optimize more quickly than ever. While there is much to be said for automation within existing networks, systems, and applications, one of the most overhyped, underutilized automation efforts is robotics.
Long checkout lanes, disorganized shelves, and hard-to-find products lead to frustrated shoppers. And when customers get frustrated, they often give up on a store and walk out, especially if there’s no associate around to help them.