July 28, 2014 12:52 AM ET

Software

Company Overview of Balance Innovations LLC

Company Overview

Balance Innovations LLC provides reconciliation and cash office management solutions for the retail industry in the United States and Canada. The company’s products include VeriBalance, an automated software solution that helps retailers to increase efficiency and profitability by reducing labor, bank fees, and shrink; vbEPIX, an end-to-end solution for implementing back office conversion in retail stores; vbForecast, which uses historical data to predict a store's daily cash needs by denomination; vbScout, which allows a retailer's cash office to operate by automating the balancing and reconciliation of self-checkout terminals; and CAST, a system that provides access to cashiers and manager...

11011 Eicher Drive

Lenexa, KS 66219

United States

Founded in 1991

Phone:

913-599-1177

Fax:

913-599-1179

Key Executives for Balance Innovations LLC

Chief Executive Officer
Chief Operating Officer and Chief Information Officer
Senior Vice President of Implementations and Quality Assurance
Executive Vice President of National Accounts
Executive Vice President of Technology Innovation
Compensation as of Fiscal Year 2014.

Balance Innovations LLC Key Developments

Balance Innovations Names Al Ruth as Executive Vice President of Technology Innovation

Balance Innovations has appointed Al Ruth as executive vice president of technology innovation. Ruth is a veteran of the retail technology industry with 17 years of experience managing data warehouse database solutions and customer support for top-tier retail accounts. In this role, Ruth will be responsible for providing technical perspective in sales efforts, working with the account management team and driving key innovation efforts.

Balance Innovations Appoints Al Ruth as Executive Vice President of Technology Innovation

Balance Innovations has appointed Al Ruth as executive vice president of technology innovation. In this role, Ruth will be responsible for providing technical perspective in sales efforts, working with the account management team and driving key innovation efforts. Before joining Balance Innovations, Ruth was a sales director for Teradata Corporation, where he served as the global liaison for the Walmart account.

Balance Innovations Partners with Toshiba Global Commerce Solutions to Integrate Self-Checkout Software

Balance Innovations LLC has joined Toshiba Global Commerce Solutions as a Together Commerce Alliance Innovation Partner to integrate Balance Innovations' vbScout(TM) self-checkout management software with Toshiba CHEC software for Toshiba self-checkout units. The integrated software will be available in first quarter of 2014. The Toshiba self-checkout solution is built to support high-volume retail environments with speed and ease, incorporating human factors design and intuitive function with architecture that enables high availability and flexibility for customers. The integration provides real-time access to the cash in and cash out data for each transaction from the Toshiba unit. This allows vbScout to alert bookkeepers to errors (such as jams) and provide notification when unit dispensers are low or acceptors are nearly full. This combination enables retailers to reduce the frequency of balancing the terminals to as little as once a week. When balancing does occur, vbScout eliminates manual errors by guiding bookkeepers through a step-by-step process of balancing and rebuilding each terminal. The solution eliminates downtime for the customer caused by out-of-cash conditions or full acceptors. In addition, cash is exposed to potential loss less often because units are able to remain locked throughout the day.

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