A smart safe is a technically advanced safe that does so much more than just store cash at your retail store. It helps you monitor your business’s cash at every step of the cash handling process to overcome cash handling issues and gain more insights. Upgrading from a traditional safe to a smart safe in retail has many benefits, including improved cash flow, improved operational efficiency, reduced shrinkage, and even reduced armored car costs.
However, the thought of upgrading your traditional safe to a technically advanced smart safe may seem overwhelming. How do you start? Who do you work with? Where do you buy it? How will you maximize the value of your new cash management solution to get the highest ROI?
Just follow the simple steps described below.
1. Partner with a Cash Management Solutions Provider to Upgrade to a Smart Safe in Retail
Choosing the right cash management solutions provider to partner with is the most important step. With the right partner, the rest of the process will be a breeze. Ideally, the solutions provider you choose to work with should have years of experience in the business, be agnostic in the brands it offers, and provide a range of different makes and models to better meet your needs. They should also offer services to get your new cash management solution up and running.
The cash management solutions provider will first conduct a discovery call with you to learn more about your business and your needs. They will go over your approximate volumes of cash, your budget, your space requirements, and the cash handling challenges you’re trying to solve. From there, they’ll provide the best smart safe recommendation to meet your needs and provide a quote.
2. Installation and Preconfiguration
Your cash management solutions provider will also help you through the process of installing and preconfiguring your new smart safe for retail, making it easier to get started. After an on-site inspection, a technician will preconfigure your new smart safe hardware and software with things like user setup and permissions, as well as test the network capabilities ahead of time. Next comes the onsite installation of the hardware and the finalized software setup.
3. Prepare Your Employees for a Smart Safe
Implementing new technology will be overwhelming, especially when multiple employees will need to familiarize themselves with the device and use it on a daily basis. To get the most out of your new investment, your cash management solutions provider will also provide training. A technician will train the designated trainer at your store who will train the rest of the staff. They’ll go over the process and hardware operation as well as software training, including the different uses for management, departments, users, and HR.
With this knowledge in hand, your in-store trainer will be able to prepare your employees for the new smart safe to maximize your ROI by ensuring the new device is used appropriately and efficiently.
Upgrading to a smart safe in retail doesn’t have to be overwhelming. With the right cash management solutions provider like CashTech Currency, upgrading will be simple and easy.