If companies want to make quick and successful business changes in the digital age, which speed up all business processes, they have to be quick and successful in developing and implementing innovative technological solutions. At times when great crises, such as wars and pandemics, have a negative impact on business operations, introducing new innovative solutions, helps companies transform and go smoothly through all changes.
As in the rest of the world, in the Western Balkans the crisis has led to, among other things, the increased use of cash money in general. In case of retail companies, that means they have to increase employees` assignments and generate additional costs. One solution, already proven successful worldwide, for optimization of cash handling process, is digitalizing depositing cash receipts, with the implementation of Smart Safes.
Smart Safe, installed in the back of the office space, is a perfect solution for depositing cash. It is a self-service device which provides employees with a fast, secure and simple way to deposit cash. The device is designed to meet all safety standards for depositing money and must be certified by the proper certificate authorities. Depositing money is available seven days a week, year-round, whenever the employees choose to, or when is defined by the internal process. The devices are managed through a specially designed web portal, a fast tool that monitors its every day operations.
Retail companies that wish to solve the existing issues with number of employees involved in counting money, cash shrinkage, counting errors, time required to get the money to the bank and waiting in line to hand in the cash, can do so easily by implementing smart safe solution.
The benefits of Smart Safe solution to retail companies are:
- Fast, simple and safe solution for depositing cash
- Online deposits to an account in a commercial bank after which the money is visible on the retail company account in real time, improving company liquidity
- Minimizing cash shrinkage
- Reduction of costs, optimizing resources previously spent on counting and depositing cash, and an opportunity for employees to focus on providing additional services to customers
- Visibility of all transactions by different parameters
- Visibility of the device status, monitoring users/depositors, deposits and business offices
- Automatically or manually generate reports and analytics results
- Option to integrate with retail company`s ERP and close accounting journal entries
Digitalizing cash deposits with Smart Safe solution improves retail companies` operations and efficiency, helps them optimize cash management processes, improves liquidity and better manage of employees activities in order to bring added value to the company.
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