Cash Management
How banks can stay connected with retailers [free guide]
Explore cash deposit smart safes: a bank's solution for retailers to automate cash handling and strengthen bank-retailer connections.
Manual cash handling costs retailers time and money, so automating cash processes is a tried and tested way to win on efficiency and productivity.
If you make cash automation services part of your offering to retailers, this not only delivers real value, but it also keeps you closely connected to this important client base.
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Smart safes as a cash automation service
Making smart safes for cash deposit part of your offering to retailers is the perfect way to stay connected with them.
You can find out here what a smart safe is as well as the selling points you can use when marketing it as a cash automation service to retailers.
With a cash deposit smart safe, retailers are neither stuck holding cash at the end of the day nor need to deposit their daily takings physically at the bank.
In essence, you are bringing the bank branch to the customer.
What you offer the retailer
Typically the retailer will lease the smart safe to be placed in their back office bundled with a range of services which could include maintenance and insurance.
The process can be simply described as follows:
- Cash which is no longer required is paid into the smart safe by a member of the retailer's staff.
- The smart safe authenticates the deposit made and registers the amount.
- You as the bank takes over responsibility for storage and transportation.
- If the retailer has chosen pre-crediting as an additional service, then you will credit their account with the amount as arranged.
- You partner with a cash-in-transit service provider to have the smart safe emptied. Ongoing monitoring enables optimised collection frequency.
Sesami Solution Experts
The team at Sesami.io consists of innovative and skilled professionals with deep expertise in industry trends and technical knowledge. They have a proven track record of guiding businesses through numerous technology cycles, especially in the retail and financial sectors. Their work involves creating cutting-edge solutions that set new standards for how companies leverage digital technology. Renowned for their analytical skills and strategic insights, the team has led numerous transformative projects, positioning themselves as key influencers in the technology field. Their unwavering commitment to excellence and their drive to expand the possibilities of technology makes them trusted partners in managing the complexities of today's digital world.