CHALLENGE A large American chain of discount variety stores had a corporate initiative to reduce spending by two million dollars. Part of the reduction plan included decreasing the costs related to deposit bags and deposit tickets, which were being warehoused and distributed using the company’s own resources. SOLUTION As the company’s supplier of deposit bags and tickets, Vericast was offered the choice of lowering shipping costs or risk losing the contract to bidding. Instead of focusing solely on lowering shipping prices, Vericast took a holistic view of helping the company achieve its cost-saving goals by presenting it with a complete treasury management solution.

Join for free to read