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Shopify’s Double-Edged Sword: Tackling Accounting Complexities with Automation

Retail TouchPoints

Thus, it’s vital for CFOs to fully understand the challenges and potential risks, along with the strategies available for successfully handling Shopify’s accounting complexities. We have witnessed these challenges firsthand at Crew Finance. Businesses must start with accurate accounts from day one.

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Does Your Retail Fraud Problem Start with Account Creation?

Retail TouchPoints

New account fraud is surging, and despite the conventional wisdom that this type of fraud is mostly a problem for banks, retailers are in the crosshairs too. In fact, account creation fraud rates are growing fastest in the retail sector, with 44.7% Data breaches have been a problem for many years, but 2023 was the worst yet for U.S.

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Gen Z accounts for more than half of Australia’s retail workforce

Inside Retail

Generation Z was predominant in the retail industry last year, accounting for 50.4 per cent of the sector’s employees, a report by workforce management firm Deputy shows. Millennials accounted for 27.9 As of recent months, employment in retail is now 2 per cent higher than it was at the beginning of the year.

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Tips for Managing Your Finances Effectively

Retail Focus

Effectively managing your business finances is essential for maintaining smooth operations and making well-informed decisions. Failing to develop strong financial management skills can lead to significant penalties, difficulty obtaining financing, and poor business choices, potentially putting your business at risk of closing.

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Study: How Retailers are Managing the Tug-of-War Between Employee Satisfaction and Profitability

Retail TouchPoints

As a result, the 74% of merchants that saw their store operations budgets increase between 2023 and 2024 had to figure out the best way to allocate this money toward a wide-ranging set of needs, from new in-store technology and inventory management solutions to employee training and engagement initiatives.

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Myth-Busting: Common Misconceptions About Claims Management Companies

Retail Focus

Unfortunately, many people let misconceptions about claims management companies deter them from seeking help, potentially leaving them overwhelmed and under-compensated. Let’s debunk common myths surrounding claims management companies, shedding light on the value they bring and why they might be the best ally in your time of need.

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What Every Retailer Should Do to Stop Account Takeover Attacks

Retail TouchPoints

Given that much of this compromised data will include email and password combinations, cybercriminals have been handed even more assets to perform Account Takeover (ATO) attacks. adults have been victims of account takeovers. All too often retailers do not see themselves as a target, but this puts them at greater risk.