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IBN Tech stands as a leader in retail process outsourcing, transforming how retail businesses function. We focus on operational management as well as growth and productivity enhancement. By overseeing routine tasks, we empower retailers to unlock new revenue channels and opportunities. Our services blend cost-efficient solutions with deep industry knowledge, providing our clients with a competitive advantage in the ever-changing retail landscape. With IBN Tech, retailers receive more than outsourcing services; they gain a strategic ally dedicated to their success in the dynamic retail sector.
for your Retail Business
1. Data Processing Services
Inventory Management: Never lose a sale due to stock outs with real-time inventory management. Our data processing services ensure you always have the right inventory on hand to fulfill customer orders and maximize your profits.
Customer Data Analysis: Discover the hidden buying patterns and preferences of your customers with our data analysis experts. This information can be used to create targeted marketing campaigns that drive sales and boost your bottom line.
Supply Chain Data Management: Drowning in data from different points in your supply chain? IBN Tech streamlines data management, providing real-time visibility into your entire operation. This empowers you to make informed decisions quickly, ensuring efficient deliveries, reduced costs, and happier customers.
2.Finance and Accounting Services
Cash Flow Management: Worried about navigating seasonal sales fluctuations? Our cash flow management experts help you optimize your cash flow, considering the unique seasonality of the retail industry. This ensures you have the financial flexibility to weather any storm and capitalize on growth opportunities.
Expense Tracking and Management: IBN Tech provides a clear picture of your financial landscape by tracking and managing various costs, including inventory purchases, operational expenses, and marketing costs. This allows you to identify areas for improvement and optimize your budget for maximum efficiency.
Margin Analysis: Not sure if your pricing strategy is optimized for profitability? We conduct in-depth margin analysis to provide insights into the true profitability of each product. This empowers you to set optimal retail prices, maximize your margins, and make informed decisions about stocking and promotions.
Financial Compliance: Concerned about staying compliant with complex retail regulations? IBN Tech handles the complexities of sales tax collection and remittance, giving you the freedom to focus on your business growth without compliance worries.
3.Bookkeeping Services
Sales and Revenue Tracking: Never lose track of your sales or revenue again. Our meticulous sales and revenue tracking provides a clear and accurate picture of your financial performance, empowering you to make data-driven decisions that drive growth.
Vendor Invoice Management: Overwhelmed by managing invoices from multiple suppliers? IBN Tech streamlines this process by reconciling invoices with inventory receipts, ensuring accuracy and efficiency. This frees up your valuable time to focus on other crucial tasks and foster better relationships with your suppliers.
Account Reconciliation: Imagine never having to worry about the accuracy of your financial records. IBN Tech performs regular reconciliations of all your accounts, ensuring financial integrity and providing a solid foundation for sound business decisions.
4.AP/AR Management
Vendor Payment Scheduling: Never again miss a supplier payment and risk stock outs! IBN Tech facilitates smooth vendor payment scheduling, ensuring uninterrupted inventory supply and maintaining positive supplier relationships.
Customer Credit Management: Are you concerned about managing customer credit and ensuring healthy cash flow? IBN Tech provides efficient customer credit management, especially in B2B transactions. This allows you to extend credit responsibly, minimize bad debt, and maintain financial stability.
Debt Collection: Say goodbye to overdue invoices! IBN Tech’s streamlined debt collection process helps you recover outstanding debts quickly, improve your cash flow, and free up valuable resources. This allows you to invest in your business and achieve your goals faster.
5.Payroll Processing
Handling Diverse Workforce Pay: Are you overwhelmed by the complexities of managing payroll for your diverse workforce? IBN Tech takes the weight off your shoulders, ensuring accurate and compliant payroll processing for everyone, from full-time employees to seasonal workers.
Compliance with Labor Laws: Say goodbye to the stress of complex labor regulations! Our experts ensure your payroll processes comply with all relevant laws, including minimum wage, overtime, and work hours.
Employee Benefits Management: Free up your time and resources by letting IBN Tech handle employee benefits. We seamlessly administer health insurance, retirement plans, and other valuable benefits, ensuring your employees have access to the support they need.
6.CFO Services
Strategic Financial Planning: Do you feel lost when it comes to developing strategic financial plans for your growing business? IBN Tech’s experienced CFOs work side-by-side with you to chart a course for success. Whether you’re planning expansions, opening new stores, or venturing into the online retail space, we provide the expertise to chart a course for success.
Budgeting and Forecasting: Make every dollar count with precise budgeting and forecasting With our CFOs analyze your past performance and market trends to create realistic budgets that fuel your growth initiatives.
Risk Management: Worried about unforeseen financial risks? Our CFOs will help you identify and mitigate potential threats, from economic shifts to changing consumer behavior. Get peace of mind knowing your finances are in expert hands.
Retail Business Process Outsourcing?
Years of Success
Clients Served
Transaction Processed
Accuracy Achieved
Explore our packages and enhance your finances with our team !
IBN Technologies is a premier outsourcing partner with 25+ years of experience, offers finance & accounting, IPA, IT, and Fund middle and back-office solutions. We serve clients across the USA, UK, Middle East, and India through our global delivery center in Pune, India
Our expert team will analyze your financial processes and provide actionable strategies to help you save up to 70% on operational costs. Let’s work together to achieve your business goals.
Get a quick call with an expert to discuss custom solutions for your business.
