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1 Million Cups - Deep Water Software

By Clip Syndicate
1 Million Cups - Deep Water Software Video: 1 Million Cups - Deep Water Software
1 Million Cups - Deep Water Software Tue, 21 Mar 2017 20:11:50 +0000 1 Million Cups - Deep Water Software 1 Million Cups - Deep Water Software KOLR [?] >> kelly: welcome back. right now i'm talking with charity mcgill, the ceo of deep water software. and in the 1 million cups spotlight this week. it's great to see you! >> guest: hi! >> kelly: hi. now, first we want to talk about deep water software. >> guest: it's a company that builds products for convenience store owner operators. we take the document scanner, and make it easier for them to manage suppliers by sending mobile alerts when the costs of the products go up or down. >> kelly: do you want to show me how this works. >> guest: after they sign up online, they'll get this from the mail from us. they'll plug it in, connect it to wifi and send their invoices through like that. >> kelly: it's that fast. >> guest: yes. >> kelly: how is this going to help the regular person. >> guest: with a convenience store person, they get 1,500 products they manager every time through their supplier. so we're going to take the data off the invoice and scrub it and clean it and make a bunch of reports out of it. we have a section of reports available for them to see. >> kelly: here we go. >> here's a mobile alert. they'll get these alerts. and they can click on any one of the alerts and they'll see when did i buy this product. how did it change? what was the range that i paid for it? so that's their next one. after that, they can go in and get a category. so we'll take every item on there, put it in the custom categories for resalers. they can see an industry standard-based view of the products. and they can get a category summary from that. this is our favorite from the accountants. they have a tendency to see all the pieces of information divided up. >> kelly: how much time would this take the average person? i'm sure that's why you created this, to save time. >> guest: it is. for the average convenience store owner, it's eight to ten hours a week spent going through invoices and suppliers. either they're doing data entry into a back office, which we can send the data to an inventory system or they're looking at them manually as they have time. >> kelly: and then they don't have the time to do the other things they have to do, right? >> guest: exactly. which is quite a bit. >> kelly: or they can hire someone to do it. >> guest: they could. but they're still looking at $10 an hour, minimum wage. >> kelly: that's right. what is the name of the product? >> guest: we call her connie. >> kelly: is she a virtual employee? >> guest: yeah, she's a virtual assistant! we do the work for you. we really like her. >> kelly: and you would have to really look at those receipts to find out some of that information that you're going to get here. >> guest: yeah, you really have to pay attention. and connie does this digitally. >> kelly: isn't she cute! i like her. >> guest: she was developed by a group, and enhanced and created by a group in springfield. >> kelly: would this work for businesses or inventory like restaurants and that sort of thing? >> guest: yeah, this will work for restaurants. we are working with new restaurants. we're looking for betas for those guys because it works different for them. we're looking to expand and deal with restaurants. >> kelly: how is your company benefitting? >> guest: our company? >> kelly: uh-huh. >> guest: the relationship that we have, first, i am a store owner myself. so i really benefit quite a bit by having this alongside. >> kelly: this was your idea, let's tell them that. it came out of not having enough time for -- my goodness, we've got family, work and four kids. and you just were like i can't handle all this. >> guest: no, i couldn't. and i talked with 100 or so for c-store owners, who really -- the paperwork is enormous. so they're swimming in deep water. >> kelly: that would be my least favorite part. >> guest: it's their least favorite part. they like to work with customers and deal with the products on the shelves, finding new things to sell. this is not the fun stuff. >> kelly: what about companies that have inventory? >> for larger chains that might have a back office, we can take the data off of this invoice and update the inventory system directly. we'll scrub it, enhance it, add a u.p.c., change the prices and quantities to match directly into the inventory. >> kelly: this is available through your website? >> guest: yes, online. >> kelly: you have different programs for different people's needs, correct? >> guest: that's right. we'll have two programs, one for convenience store owner that doesn't have a back office application. and the second one is for larger stores or people who have a price put manager. >> kelly: all right. that's great. now give them your website. >> guest: you can sign up online at >> kelly: sounds good! this might be something that gives you more time in your life! who doesn't need that. charity mcgill, thank you so much! >>

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