Reducing CIT costs for a leading UK supermarket
A leading multi-channel supermarket chain with over 4,000 stores across the UK wanted to identify where it could save money on its CIT costs.
Vaultex provided analysis and guidance to the business as they went through a CIT tender process.
A detailed reviewVaultex reviewed store takings, safe limits, CIT schedule and collection amounts.
Analysing the trendsWe looked at monthly, seasonal and geographic trends to identify where CIT services and back office costs could be saved throughout the year – all while balancing the risk profile of each store.
A seamless serviceWe provided the client with a revised schedule, along with guidance as to how it could be phased in so as not to disrupt their service.
Significant savings: We reduced the client’s CIT services by 180 trips a week – saving £180,000 a year.
Balancing cash availability: We made recommendations on how to remove unnecessary collections while making sure cash was still readily available for customers.
“Vaultex Consulting’s expert analysis, clear advice and holistic knowledge of the end-to-end cash cycle helped us reduce our CIT services by 18% - resulting in significant cost savings.
"Vaultex were a pleasure to work with. They adapted their service to deliver on our specific brief and kept us regularly updated throughout the process.”