Cash Management
The benefits of cash deposit for retail
Cash deposit smart safes give retailers a range of benefits including process efficiency, increased security and a reduced cash handling workload.
What is a smart safe?
Coupled with cash management software, you can connect these deposit systems with your bank or your CIT partner for real-time monitoring of cash levels and the optimisation of collection routines.
Smart safes also provide a full audit trail for greater transparency over cash transactions which helps you reduce shrinkage. You can also benefit from services such as remote servicing and end-of-day credit.
Putting the 'smart' in 'smart safe'
Here's a summary of the intelligent features retailers get from using smart safes for back-office cash deposit.
- Real-time monitoring of cash levels
- Cash tracking and note validation
- Audit trail and full transparency of cash transactions
- Remote upgrades, troubleshooting and device monitoring
- Reporting and analytics
- Management of multiple users
- Optimisation of collection routines
- End-of-day credit
Benefits for retailers
With a smart safe in the back office, retailers profit from a range of tangible benefits both operationally and in terms of loss prevention.
Process efficiency
Counting cash is labour-intensive and also prone to human error. Detecting and then correcting those counting errors costs even more time.
A cash deposit machine not only counts notes automatically, but checks and registers them as well, which can cut the time shop staff spend on cash handling by over half.
Daily cash routines are made simpler, faster and more efficient. And with less time spent on manual cash handling, staff are free to focus more attention on serving customers.
Reduced risk
Notes and coins deposited by cashiers in the back office are kept sealed away in a secure safe. This reduces shrinkage from internal and external theft.
It also means your staff do not have to carry cash to the bank since a CIT partner will collect takings directly from the machine when necessary. Employees are therefore relieved of a responsibility which puts them at risk.
In addition, with cash management software you have full transparency over cash levels and with cash deposits registered from every cashier on every shift, you can see exactly who deposited what and when.
The top benefits of cash deposit smart safes for retailers
1) Simpler, faster and more efficient process
2) Reduced cash handling workload for staff
3) More time for staff to focus on customers
4) A more secure way to store cash
5) Reduced risk of shrinkage from internal and external theft
6) Full transparency of cash levels and all cash deposits made
To find out more about automated cash deposit for shops and supermarkets, browse our range of compact and high-speed smart safes.
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.