How Reducing Cash-In-Transit Benefits

1
How Reducing Cash-In-Transit Benefits Your
Business
They say cash is king. We agree. But when you
have a lot of cash to manage, things become a
little difficult and may go out of the way. This
is especially true with retailers, who just
cannot avoid dealing in cash, despite the
presence of electronic transactions. Given this,
modern cash handling safes are a great solution
when it comes to reducing cash-in-transit, which
reduces transportation costs, relaxes security
issues and, all in all, makes your business more
efficient and streamlined. Lets check how smart
safe cash handling benefits your retail
operation.
2
Enhanced Efficiency and Security
Modern cash handling safes provide real-time
visibility of your cash deposits, come with
counterfeit detection technology and help you
consolidate cash collecting areas by reducing the
number of touch points. By storing all your money
at a centralized location, they safeguard your
money from both external thefts, and internal
cash shrinkage.
3
Reduced Transportation Costs
As smart safes help you group your money, the CIT
or cash-in-transit trips reduce significantly.
This naturally results in less investment on
armed vehicles required to transfer money from
one location to another, as all your money is
moved in larger batches.
4
Speedy Access to Working Capital
Cash handling safes based on latest technology
record each cash flow transaction of your
business electronically that you are able to
share in no time with your participating banks
and armored car service providers. This makes
quick access to working capital possible using
provisionally credit funds your business is
always on the run.
5
Quick Information through Detailed Reports
Modern cash handling safes are not just sturdy
fireproof locks complex to open, they are
machines equipped with the latest bill validating
and encryption technology. Good for counting
stacks of cash in seconds -- improved cash flow
is a guarantee -- they help you see all
activities by user, time, business day, shift,
transaction type, etc. Moreover, all this
information is highly protected and is only
accessible to authorized users.
6
Conclusion
Besides reducing cash-in-transit, contemporary
cash handling safes are a pro solution when it
comes to improved cash flow, detailed access to
transaction records, reduction in internal cash
shrinkage and protection against counterfeits.
Given the number of companies dealing in smart
safes these days, however, it is vital to do a
thorough research before choosing one. You need
to look for a solution that is sturdy, has good
reputation in the market, and is based on the
latest technology.