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How Natural Factors replaced physical gift cards with digital rewards

Natural Factors streamlined their rewards and incentives program with Giftbit.

Giftbit is simple and straightforward.

OPT Five stars sharp

 

Factors group testimonial image of Theresa Streifel

We like to provide rewards and incentives to our employees for many different reasons throughout the year. Previously we used physical gift cards, but it was cumbersome and time-consuming.

Giftbit has given us the ability to administer digital gift rewards to all of our employees across Canada.

— Theresa Streifel, Supervisor, Reception & Administrative Services   |   Natural Factors

They needed to streamline their process and find a more cost-effective, simple, and logical way to grow their internal reward program

A high value of cards they had on-hand ended up going unclaimed as they neared expiry, so Natural Factors was left to use those cards up in-house by buying more cards.

This revealed how inefficient and time-consuming their rewards and incentives program had become, especially for a growing company of their size.

Natural Factors logo

Natural Factors is a Canadian company specializing in the research and development, manufacturing, and distribution of high-quality nutritional supplements and vitamins. 

Employee rewards and incentives are an important part of Natural Factor’s work culture, and prior to using Giftbit, they were purchasing physical prepaid Visa® cards from a store to manually distribute to their staff.

The solution: Streamlined distribution and cost savings

They instantly realized Giftbit’s financial benefits, time-savings, simplicity, and tracking capabilities that offered the efficiencies they were missing.

And, of course, they were pleased to discover the exciting and diverse Giftbit rewards catalog.  No longer did they need to make purchases ahead of time and risk losing money on a bunch of expired cards sitting in someone's desk.

Why Natural Factors chose Giftbit

Natural Factors is now able to administer the digital rewards and incentives all at once electronically without the hassle of individual physical cards.

Affordable

Natural Factors appreciates that Giftbit doesn’t cost money to use and there are discounts and revenue sharing options.

Customizable

It's quick and easy to tailor reward templates for each purpose and then just choose the appropriate one when it's time to send.

Powerful

On-demand reporting make it easy to track claimed and unclaimed rewards, which in turn helps them to stay on top of their budget.

Electronic rewards work.

Achieve more with digital incentives.