Aligning record keeping systems with business directives
Selecting the appropriate record keeping system can be a challenging process for retailers. For the majority of store managers, the decision will be made for them, and their responsibility is to use the system as effectively as possible to support the achievement of business objectives.
The storage and recording of information on financial record keeping systems needs to be done by overarching business directives while complying with any relevant legislation that may prescribe the protection and privacy of personal information.
This is a fundamental requirement of retail record keeping systems and understanding and adhering to directives around what data is to be stored, how it is to be stored, who has access and how the information can be used to generate business reporting is essential.