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•Full Article: Cash Management Solutions Benefit Everyone

Securing cash in your retail organization can benefit employees in departments such as front end operations, accounting, HR, and training.

We often see retailers grapple with the decision to purchase cash handling technology. Is their exposure to risk great enough to warrant the investment? At what level of loss does it break even? Are there other options such as employee training or updated hiring practices that can reduce shrink and theft?

All of these are good questions, but they don't address a much bigger question – how much can cash management technology help the business? Today's cash handling equipment is not just about security; it's also about productivity and process efficiencies. It's about cash flow. It's about information and control.

For instance, today's technology is so advanced, it can literally remove cash handling from your cash operations except for the few seconds between accepting it from customers and inserting into an external access safe where it is counted, verified for authenticity, and entered into memory. This transforms the cash cycle from a manual process to an automated flow, virtually eliminating the onerous tasks of counting, recounting, and verifying cash on-site, allowing you to regain resources – human resources – previously dedicated to cash handling procedures. For some stores, this can amount to hours a day, dozens a week, and hundreds a year. Multiplied over a number of locations, the increase in productivity (and reduction in salary expense, depending on circumstances) can be staggering.

Click Here To Download:
•Full Article: Cash Management Solutions Benefit Everyone