Whether your business is small, medium or large, smart safes can be of great help in increasing the overall efficiency and productivity of your business, especially if it involves handling lots of cash. Though investing in a cash handling safe may seem expensive, the investment is surely profitable as smart safes have the potential to save you both time and money. Regardless of the size of your business or the Industry that you are in, if your business is cash intensive, buying a cash handling safe is an ideal solution for streamlining your cash management.
Key benefits of Smart Safes
A smart safe has several benefits that it brings to your business. Some of the key benefits are as mentioned below.
Increases Security
Reports suggest that 5% of the annual revenue is lost because of internal theft, a concern even bigger than customers shoplifting. By installing a cash handling safe, businesses can immediately deter cash shrinkage from internal theft. Safes also reduce the risk of thefts by external elements. Features such as strength of the safes, anti-lock drilling features, tamper siren and advanced locking systems have the ability to protect your business from robberies or burglaries.
Key benefits of Smart Safes
A smart safe has several benefits that it brings to your business. Some of the key benefits are as mentioned below.
Increases Security
Reports suggest that 5% of the annual revenue is lost because of internal theft, a concern even bigger than customers shoplifting. By installing a cash handling safe, businesses can immediately deter cash shrinkage from internal theft. Safes also reduce the risk of thefts by external elements. Features such as strength of the safes, anti-lock drilling features, tamper siren and advanced locking systems have the ability to protect your business from robberies or burglaries.
Saves Managerial Time
Before the introduction of smart safes or POS, the cash closeout or cash tallying process used to be time consuming and stressful. However, as an increasing number of businesses are installing smart safes, managers are now spending a lesser number of hours verifying register closeouts, money counst and carrying out cash management error investigations.
Eliminates Counterfeit Currency Issues
The circulation of counterfeit currency is increasing at an alarming rate and is therefore a major challenge for cash intensive businesses. When the cash volumes to be counted and deposited are high, it is given that humans may falter. In fact, there are instances when counterfeit currency looks so original that even the most experienced cashiers will fail to detect it. However, with the installation of Smart safes, some of the most sophisticated bill verification systems that provide even greater protection when compared to UV lights or counterfeit pens, are made available. These are successful in eliminating problems associated with counterfeit currency. Reports of fake coins are rare but even those issues can also be eliminated by the use of cash safes with coin acceptors.
Enhances Operational Efficiency
Instead of deploying manual labor to take care of time consuming tasks such as cash counting or coin collection, cash safes with cash registers, bill validators or coin acceptors can be used to automatically collect and count the currency and keep a real time account of the cash status. The cash status can be easily accessed through desktop or web portal tools. This saves a lot of time and labor, which again, is prone to human error.
Word of advice
Whenever you plan to install a smart safe for your business, do a thorough research on the different types of smart safes available in the market and the technologies that they use. Although the price-tag may be a deterrent when it comes to taking a final buying decision, your final decision should be based on factors such as the features that you are getting and whether the technology is cutting-edge, rather than cost.
Before the introduction of smart safes or POS, the cash closeout or cash tallying process used to be time consuming and stressful. However, as an increasing number of businesses are installing smart safes, managers are now spending a lesser number of hours verifying register closeouts, money counst and carrying out cash management error investigations.
Eliminates Counterfeit Currency Issues
The circulation of counterfeit currency is increasing at an alarming rate and is therefore a major challenge for cash intensive businesses. When the cash volumes to be counted and deposited are high, it is given that humans may falter. In fact, there are instances when counterfeit currency looks so original that even the most experienced cashiers will fail to detect it. However, with the installation of Smart safes, some of the most sophisticated bill verification systems that provide even greater protection when compared to UV lights or counterfeit pens, are made available. These are successful in eliminating problems associated with counterfeit currency. Reports of fake coins are rare but even those issues can also be eliminated by the use of cash safes with coin acceptors.
Enhances Operational Efficiency
Instead of deploying manual labor to take care of time consuming tasks such as cash counting or coin collection, cash safes with cash registers, bill validators or coin acceptors can be used to automatically collect and count the currency and keep a real time account of the cash status. The cash status can be easily accessed through desktop or web portal tools. This saves a lot of time and labor, which again, is prone to human error.
Word of advice
Whenever you plan to install a smart safe for your business, do a thorough research on the different types of smart safes available in the market and the technologies that they use. Although the price-tag may be a deterrent when it comes to taking a final buying decision, your final decision should be based on factors such as the features that you are getting and whether the technology is cutting-edge, rather than cost.