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Cash handling smart safes
1. Cash Handling Smart Safes: Future of Cash
Automation
Even when we witness a surge in the use of plastic money, cash payments are still predominant
in the market. Cash handling has always been a major source of worry for retailers. As collecting,
counting and depositing cash manually on daily basis is not only time consuming, but also entails
risk of theft and burglary and huge possibility of shrinkage of cash from internal sources. To avoid
the risk and remain competitive in the business, owners need to think of a smart solution. Need
not to tell, smart business owners are already switching to intelligent cash handling safes.
Cash handling safes tighten cash control, limit shrink, and improve overall employee safety.
Unlike traditional way of collecting and depositing cash on daily basis, cash handling safes unable
money automation by bringing bank to their back room. Here is how smart cash collection is
different traditional manual collection.
Manual Cash Deposit Process
2. Intelligent Safe Enabled Process
One thing is to be noted in smart safe enabled process is that the work of employee in cash flow
chain ends right at the depositing of cash in the vault. Rest of the work is performed by the
intelligent safe service provider. This way intelligent safe solution enable you to receive an instant
deposit credit without even driving to your bank. You can utilize the saved time to manage other
business processes.
Why a Worthwhile Investment
No doubt cash handling safes are future of cash automation and to support our statement here
are 3 major characteristics of cash handling safes.
Secure
● Cash is instantly validated, counted and stored safely.
● Heavy duty burglary resistance
● Automatic counting and cash transfer
● Security from internal fraud
● No counting discrepancies
● Counterfeit proof
● User-friendly and safe payment environment
3. Efficient
● Employee responsible for money deposition are automatically identified through their
identification card, unique badge or personal login details depending upon the type of
security system.
● Each deposit is recorded as a transaction and can be automatically connected to your
back office and/or CIT
● Real-time tracking of employees depositing money
● Reduced work load with reduced work in handling cash
4. Cost Effective
● No going to bank required to deposit the cash and wait for your account being credited
● Cash money is available in your bank account instantly
● Reduced visits to CIT Company
● Save labor’s energy, time and thus boost productivity
Conclusion
Whether or not your business churns out huge volume of money, every dollar earned is
important and therefore, requires safety. The automation feature of cash deposit safes offers a
remarkably fast, accurate and secure smart safe system to businesses allowing employees to
channelize their time and energy towards better customer experience and not on cash collection
and deposition.