What Is a Turnkey Cash Management Solution?

    Sep 30 2020

    Topics: Complete Cash Management Package

    When you’re focused on increasing revenue, retaining your client base, and managing your business, it can be difficult to find time to focus on improving your cash management processes. It’s understandable. It can be tough to find time to research cash management solutions providers, determine your business needs, figure out which equipment would most benefit your business, install that equipment, train your staff, and then maintain the technology.

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    If this sounds like you, then a turnkey cash management solution might be just what you’re looking for. CashTech’s Complete Cash Management Package is an end-to-end turnkey solution that makes it easy to implement cash management automation into your business. 

    For many businesses, such a package offers the ease, simplicity, and predictable monthly cost that makes automating cash management more feasible. It eliminates the complexity of automation and allows businesses to get technology up and running quickly, so they can see the ROI faster. Further, it addresses a business’s cash management challenges as a whole, rather than in parts, so you don’t have to deal with coordinating an array of disjointed products and services from multiple providers. 

    A turnkey cash management solution is a full package deal that offers everything you need to get started with automation, including hardware, software, and service/support. Further, it includes the expertise and services you need before, during, and after installation. 

    Hardware

    Turnkey cash management starts with hardware selection. You’ll get to choose among industry-leading smart safes and cash recyclers. With a wide selection available, you’ll have the opportunity to find a brand, model, and price point that suits your needs.

    You’ll also have a chance to customize your hardware. For example, you may be able to add on enhanced security options like barcode scanners or a fingerprint reader. 

    Software

    Cash management software is integrated with the hardware to give you cash insights that can help you track, manage, and report on your cash position at all times. CashTech’s Complete Cash Management Package, for example, offers two software options, SUZOHAPP CashComplete Connect and CashTech IQ. 

    Cash management software is a critical part of cash management technology since it gives you the data you need to make more informed decisions related to your company’s cash (such as how much cash to have on hand and when to request CIT pickups). 

    The software comes with capabilities like cash analytics and forecasting, deposit management, and cash order management.

    Service and Support

    Finally, a turnkey cash management solution wouldn’t be complete without comprehensive service and support.

    This includes the initial hardware and software configuration, set up, and training that can help you learn how to use your new equipment and maximize its potential. It also includes ongoing maintenance and service to ensure your investment is running optimally at all times to minimize downtime. Because these services are included in the recurring monthly fee, you’ll never get hit with unexpected maintenance expenses when a machine suddenly stops working. 

    If you’ve been putting off automating cash management at your business for years, whether due to cost or time, a turnkey solution might be the answer you’ve been looking for. Such an end-to-end solution makes it simple and easy to both automate cash management and maximize your ROI over time.  

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    Andrea Lombardi

    Andrea Lombardi

    Andrea joined the CashTech team upon its inception in 2003. Learning the business from the ground up, she now utilizes her expertise in account management, planning, and negotiation while managing the daily operations of CashTech’s sales, marketing, and logistics departments. Andrea holds a bachelor’s degree from the University of Western Ontario. She enjoys travelling and has a passion for personal fitness, including obtaining her kettlebell certification. Andrea lives in Toronto with her husband and two young sons.

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    CashTech Currency Products Inc.
    1040 Cardiff Boulevard
    Mississauga ON, L5S 1P3

    905.696.0733