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How Reducing Cash-In-Transit Benefits

Learn how to reduce cash-in-transit through smart safes inhibits transportation costs, and increases security, besides providing other benefits to your business. Read more to find out benefits for the business retail operations.<br>

jonathanince
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How Reducing Cash-In-Transit Benefits

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  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. Let’s 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.

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