The world of retail is fast-paced, exciting and has traditionally been extremely customer-driven. If you’re running a retail business, you have plenty on your plate. Precision, quality, efficiency and reliability are the key components for your retail process, and your back office is no exception to all of it. Today’s retailers face a multitude of challenges in the rapidly-changing retail environment. Staying ahead of the competition requires businesses to be able to identify these challenges and turn them into opportunities for growth.
PEOPLE
People are at the core of what we do. We understand your business and our framework enables us to create efficient business process operations to run your business seamlessly
PROCESS
Without a proper framework and purpose-built and outcome driven processes, all operations will fall apart. We work with you to localize, adopt and align our best practices to fit your business needs
TECHNOLOGY
Our cloud-first, mobile-ready integrated office business operations platform is
SECURITY
We place data security as the highest priority on our list. With many virtual security checkpoints and safety measures in place, your financial records are protected for confidentiality, transparency and privacy.
Current scenario in the Retail Industry
The retail industry is constantly influenced by swift changes in the economy, as well as the periodic variations and the spending patterns of consumers. As the proprietor of a retail organization, you're liable for overseeing stock and deals change, taking care of finance and, just as much, watching the business grow. It goes without saying that accounting for the retail industry is challenging. To add to the complexity, hiring, training and retaining skilled labor can be very costly. Retailers face the overwhelming challenge of competing with discount and online-only retailers which offer a wide-ranging selection of merchandise at low prices. To succeed in this uber-competitive business situation, retailers need to find inventive methods to compete and offer products/services at compelling price points while providing extraordinary customer experience across all channels and touch points.
Solvit Hub Solution
Sub-contracting is a viable solution and a powerful tool that can help a variety of businesses take a more efficient approach to their accounting and bookkeeping needs. Our main objective is to help the retail businesses concentrate on their core tasks while we take care of the bookkeeping, thus helping in cost reduction and increasing profitability. We also enable visibility into financial performance across the organization, no matter the number of locations. Sign up and get an incredible insight into your financials with unlimited reporting and unmatched support.
Solvit Hub can help you
1) combine and automate payables and intercompany bookkeeping to reduce costs;
2) increase consistency and controls by keeping tabs on cash flow and optimizing cash management;
3) facilitate 24/7 access and real time reporting through dedicated account managers and seamless vendor management capabilities;
4) increase transparency and accessibility to consolidated financial statements and summary rollup reports on demand;
5) provide cost-effective services modified according to your budgetary requirements;
6) enable comprehensive data security and confidentiality and
7) complete adherence to globally recognized quality control measures.
WE ARE METICULOUS AND CONFIDENT THAT YOU WILL LOVE US!
We are 100% confident you will prefer our services to your current bookkeeper or your sub-contracted firms. To further sweeten the deal, we also offer a 30-day money back guarantee offer. If within the first 30 days of signing with us if you decide to return to your prior bookkeeper or the sub-contracted firm, we will refund half of all the fees paid prior to receiving a written request for termination. What are you still waiting for? Contact us and try our services today!