Storcash

Storcash is a wholesale cash & carry supplier catering to businesses in the food industry, such as grocery stores, restaurants, cafes, catering companies, sports organizations, and community groups. 

Launched in 2022, Gigaboks focuses on individuals and family shoppers who benefit from purchasing larger quantities at competitive prices. The design is a warehouse-style layout, with products placed on pallets and sold in large packages. 

Business case

In the past, Storcash used a Norwegian Point of Sale system called Torex Oscar-POS to run its business. As the software solution had not been developed specifically for B2B businesses, over the years Storcash did major customizations to the system. 

As a result, upgrading to newer versions became a complex, time consuming, and very costly task. Over time, Storcash realized they were using a very outdated solution, which couldn’t support their growth. When in 2012 the vendor stopped development and support of the solution, Storcash decided it was time to find a new system – one that would help them optimize their business presently, and support them in the future.

Solution

Aware of the complications that come from integrating many systems, Storcash started looking for a single system to handle its whole business, from POS and store sales, to back office, to inventory. The company compiled a clear list of requirements, and considered various systems based on multiple factors including price, user interface, store inventory and sales functionality. After a careful analysis, Storcash selected the LS Retail solution as its new management software. The system’s Role Center, a dashboard that gives users a complete overview of day-to-day tasks and operations, was one of the functionalities that convinced Storcash this was the solution to their needs. “Our staff can easily monitor critical areas, such as unresolved inventory discrepancies, pending postings, and other priority actions directly from the dashboard,” says Frømyr. “They can quickly address system tasks at the start of their shift, freeing them up to focus on customer service and other core responsibilities.”

In 2013, Storcash replaced its legacy system with LS Retail software based on Microsoft Dynamics. The system was heavily customized to adapt it to the business’s working practices and processes. A few years later, the system was upgraded to the latest version of LS Retail Software and Dynamics. This time, the company decided to try a different approach. “This time we focused on using the functionality offered by the system to achieve our goals, rather than trying to maintain our processes,” says Anders Frømyr, Head of IT at Storcash. The plan proved to be a success. “We explored the functionality offered by the system, reviewed our internal processes, and as a result, we actually found more effective ways to work,” says Frømyr.

Benefits

• Improved item management

Since then, the new software solution has delivered benefits that go beyond optimized business processes.“Item maintenance is a lot more efficient now. As a result, both our store employees and our administrative staff have had to spend much less time on tasks related to maintaining and updating products,” Frømyr says. As the system is built on Microsoft Dynamics, user training is now quicker than before. As most people are familiar with the software solution’s logic and interface, even new employees can quickly find the menus they need. “And since we are using the same system to manage everything, from sales to inventory to vendors, we only have to train our staff on one software solution. This has saved us a lot of time,” says Frømyr.

• Automations

Thanks to the system’s automations, Storcash has managed to simplify and speed up inventory management and replenishment tasks. In the past, product ordering used to require time-consuming manual work. Today, most of the product orders are created automatically in the system and sent straight to the vendors. No human verification is needed. “Automating item reordering has really freed our employees’ time,” says Frømyr.In the past, physical inventory count would keep dozens of staff members busy for four whole weekends every year. Today, the team can accomplish the task in half the time, and with better results. “For us, I think the most positive changes have been in the back office. Reordering and counting of products is so much easier and faster now – and we are getting more accurate numbers, too,” explains Frømyr.

• User roles

Storcash has been using the user role-based filtering in the system to simplify daily work for its staff.“The LS Retail system is role-based. This means we can configure what information each employee can see by job role. By removing unnecessary options from the screen, both staff training and daily work are much faster. Whether they are looking for information or a functionality, employees can find it easily, as they don’t have to wade through a long list of options. As a result, they are left with more time to help customers,” says Frømyr.

• Unified commerce 

With the LS Retail software solution, Storcash can enjoy the benefits of a unified commerce platform – a single software solution that unites ERP, sales, POS, inventory, vendors, customer information, and more. In a unified commerce platform, all data is collected within one database, in a consistent manner. This means information can be easily accessed and analyzed. “Our store managers used to waste time having to create different reports. This is not the case anymore. Now they can take a quick look at the Role Center, get an overview of what tasks they need to focus on, and they are ready to start the day,” explains Frømyr. A unified commerce platform removes the need to integrate different systems, and then connect and reconcile the data each system collects. For retail business, this means the advantages of unified commerce go well beyond time savings. “Having all information in one system means that all our data is highly reliable, and in sync at all times. Our store managers can easily access all the KPIs they need for running the store from day to day,” says Frømyr.

• Loyalty

Storcash has implemented the Loyalty and Member Management modules, with slight customizations but largely based on the standard functionality. The loyalty program offers separate pricing tiers for regular and loyal customers. Members earn points based on store spending, accumulating up to 8% of sales prices as points, with 1 point equivalent to 1 krone. Points can then be redeemed in-store.

• Self-checkout

With the assistance of local LS Retail partner Advania, the company has recently implemented self-checkout systems in all Gigaboks stores, achieving great success.

• Electronic self-labels

Storcash recently introduced Electronic Shelf Labels (ESL) to enhance efficiency in their stores, resulting in significant time savings. Instead of reducing staff, the implementation allows for better utilization of employees by freeing them from the manual task of updating prices, which can often be overlooked during busy periods. “With our new, automated pricing updates, we can ensure consistently accurate and up-to-date prices, allowing our team to dedicate even more attention to serving our customers, ” says Frømyr. “And the team is very pleased to no longer have to handle this manual work."

The company is currently exploring various functionalities around automated replenishment and predictive ordering, while actively developing its eCommerce platform, which will integrate directly with LS Central. The plan is to migrate to a cloud-based solution within the next couple of years. "With the SaaS model, making adjustments and implementing new features will be even easier, while still keeping up with new releases," says Frømyr.