Smart cash management software is integrated into your company’s currency recyclers and smart safes. Smart technology enables you to track, manage, and predict your cash with ease. There’s no doubt that smart software is revolutionizing cash management.
Gaining greater control of your cash through cash management insights helps you better understand exactly where your cash is at all times. This ultimately helps you make more informed decisions, reduce costs, save time, and increase business efficiency and productivity.
Here are the top insights you can gain when you integrate smart cash management software, like the SUZOHAPP CashComplete Connect software.
1. Cash Transactions
First and foremost, smart safe and currency recycler software provides you with real-time cash visibility and cash analytics. This is the data about the movement of your cash, including transactions, tills, and vault holdings. With this insight, you’ll always know where your cash is, so you can better manage your cash balances, reconciliation, and deposit reporting. Always knowing your cash position is vital to success in business.
2. User Activities
When you handle large volumes of cash, having an audit trail is critical in order to reduce your risks. Cash management software includes user tracking, which provides audit trails and reconciliations based on user profiles. You’ll always know who accessed your cash management devices, when, and for what purpose.
3. Cash and Replenishment Needs
This software tracks your cash at every step of the cash management process. That means you can gain insights into trends surrounding your cash needs and replenishments.
You’ll be able to view what cash you have on hand at all times, identify your most-used denominations of banknotes and coins, and gain a better understanding of your cash replenishment needs.
For example, these insights can help you determine the days and times when you need more cash on hand, as well as which banknotes and coins you should keep in stock up for busy days. This type of data helps you set up your cashiers for success. They’ll have the cash they need on hand to manage all transactions throughout the day.
4. Cash Ordering
Frequent CIT pickups can increase your cost of cash. That’s why gaining insights into your cash ordering information from a variety of sources is so valuable. You’ll be able to better schedule and forecast pickups and replenishments, so you don’t have to pay more than you need to in order to transport cash or order banknotes and coins.
5. Device Health
Cash management equipment maintenance and repairs help ensure your devices are working optimally at all times. The last thing you want is for a device to go offline unexpectedly when you have a long line of customers waiting to pay.
Cash management software gives you remote access to your device network. You’ll be able to view the health of your equipment and troubleshoot any device errors reported quickly to maintain business efficiency.
If you’re spending too much time and money on cash management or you feel as though you could benefit from greater cash visibility, consider an investment in smart cash management software. The right technology will enable you to gain the insights you need to make better business decisions.
