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May 28, 2015 11:15 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 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
Executive Vice President of Business Development
Compensation as of Fiscal Year 2014.

Balance Innovations LLC Key Developments

Fifth Third Bank and Balance Innovations Announce Joint Marketing Agreement

Fifth Third Bank and Balance Innovations LLC have announced a joint marketing agreement to offer each company's cash management and payments knowledge to provide solutions that will deliver value across all segments of the retail market. The solutions use the latest technology to: count, verify and secure cash in a retailer's location; reduce cash related operating costs; improve working capital; and reduce cash shortages and other risks associated with managing cash. Through integration to the retailer's point-of-sale system, Balance Innovations' software solutions speed typical cash office tasks and provide valuable data to store personnel and management, resulting in greater efficiency, consistency and more time to focus on customer service and sales.

Trintech and Balance Innovations Partner to Deliver End-to-End Reconciliation Automation

Trintech has partnered with Balance Innovations. The partnership is designed to offer a comprehensive reconciliation solution to provide visibility from the point of sale to the corporate level.

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.

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