Peek at the greater return on investment in cash management

The largest portion of your ROI will come from a reduction in labor. Retail cash management can be as simple as later start times and earlier end times for employees or a reduction or redeployment of cash room employees.

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There are numerous benefits to cash management and armored car money transport. Discover how armored vehicle transport can work with you to provide a configurable solution to automate your cash management processes and achieve the greatest return on investment. Let us know the greatest return by investing in cash management

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cash management

Decrease labor costs:

The largest portion of your ROI will come from a reduction in labor. Retail cash management can be as simple as later start times and earlier end times for employees or a reduction or redeployment of cash room employees.

Optimize cash flow:

Implementation of a smart safe cash management solution can reduce your vault holdings by a minimum of 10%.

Reduce armored-car fees:

The average cash management solution will reduce the frequency of armored cash carriers or armored-car pick-ups required.

Increase operational efficiencies and accuracy:

Minimum time counting cash equates to more time customer-facing and managing your employees.

Detect counterfeits:

All solutions have updated fake note detection and will reject any fraudulent notes.

Apart from these, the use of cash continues as a means of payment, despite the growing use of electronic alternatives that can engage more people in your store or business. Why? Have a quick look…

• Suitability:

Cash is portable, accessible, and relatively inexpensive to use. Retail cash management solutions can be processed quickly during transactions and can be transferred from person to person without the use of technology, personal identification numbers (PINs), or signatures.

• Security of confidentiality:

Cash transactions from self payment machine do not require the disclosure of personal information and pose no risk of identity theft.

• Payment finality:

The use of banknotes allows for a final means of settlement once the transaction has been completed.

• Flexibility:

As money is readily accepted as a means of payment, it is the most liquid asset in terms of its convertibility into goods, services, and other financial assets.

• Sureness and acceptance:

Sureness in the use of cash is based on the credibility of the central bank in maintaining low and stable inflation (i.e., retaining the purchasing power of the currency) and providing armored truck security against the threat of counterfeiting.

CONCLUSION

According to the 2011 survey of Global Retail Theft Barometer, dishonest employees were responsible for over $41 Billion or 35% of shrinkage, surpassing shoplifting. Additionally, the average amount admitted stolen by employees was greater than five times the average stolen by shoplifters. Though, if you use armored truck security then you can save your money from thieves.

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