So, you’ve heard about them, but you’re not sure how a smart safe can benefit your business. Fair enough. When it comes to cash management solutions, a smart safe is the ultimate cash handling and storage solution. Like the name suggests, this safe is smart, organizing all your cash management needs into one completely automated solution.
When it comes to business, cash is king. Cash is what drives your business forward and allows your company to grow. No matter the situation, cash handling is always affecting your bottom line, meaning having cash management solutions in place is one of the keys to business success. For many reasons, a smart safe can be the solution to several key cash handling problems, simply read on to find out how.
Increased Security
The most obvious benefit of a smart safe is the increased security measures put in place to protect your hard-earned cash. Business owners across North America agree that cash storage is one of the most stressful aspects of running a business, with 84 percent of participants rating it in their top three business concerns.
Smart safes can only be opened through predetermined codes, meaning only employees with clearance have the ability to open the safe. This key benefit reduces the risk of internal and external theft, safeguarding your cash and the security of your business.
Reduce Shrinkage
If you work retail, you know that retail shrinkage is one of the biggest issues you face. Lost or stolen merchandise (including cash) can put a huge dent in your profits, making business growth that much more difficult.
A smart safe is an investment that keeps cash secure and safe from the risks of retail shrinkage, including theft, counterfeit bills, and human error. It allows staff to focus on more important things, like amazing customer service, and allows you to rest easy knowing your cash is safe and accounted for. You won’t ever find yourself asking, “where did the cash go?” with the security of a smart safe.
Eliminates Counterfeit Risk
With today’s technology, counterfeit technology is at an all-time high. Cashiers agree that detecting counterfeit bills has becoming an increasingly difficult task that puts added pressure on their role. Thankfully, each smart safe is equipped with counterfeit detectors. When cash is interested into the safe, each bill is scanned to ensure that it’s a legitimate bill. This reduces the risk of troubles with the law due to counterfeits, while also removing the stress from employees to manually review every bill that passes through their till.
Real Time Views
As mentioned earlier, only those with an access code can open the safe to withdrawal or deposit money. Perhaps after closing a still or making a cash drop, the safe is opened. You will have real-time access into who exactly opened the till and for what purpose. This increased visibility will allow you to ensure that your cash is being handled in the appropriate manor at all times.
These safes are also designed to offer you data collection and statistics on your cash handling, offering you user stats to help you maximize the efficiency of every cashier and transaction that is completed. These simple steps allow you to maximize profits, while limited any cash loss due to theft or human errors.
Customized Solutions
Every safe solution is different, offering a range of solutions depending on a business’s needs. No one business is the same as another. Thankfully, there are a number of safes to choose from, each offering the same needs and dependability, with different sizing. The first step is checking them out.
