Cash Management Solution for Businesses

1
Smart Safes- a Better Cash Management Solution
for Businesses

• The introduction of state-of-the-art smart safes
  has enabled business houses to enhance safety of
  their cash vaults, minimize cash handing errors,
  and accelerate credit for cash deposits. The
  enhanced security features helps the business
  owners to manage their cash better and shift
  their focus on productive tasks to improve their
  profits. These safes are preferred by business
  owners for the following capabilities
• Scan and screen currency.
• Count cash (and coins), and communicate with bank
  in real-time.
• Create electronic bank deposits, and provide
  provisional credit in merchants account.
• Track individual clerk activity.
• In this brief blog post, we will discuss the
  essential features that are present in every
  smart safe.

2
USPs of Smart Safes
User Interface Scratches, spills, and impacts
are inevitable around user interfaces in most
cash-intensive business environment. Businesses
look for simple to use and intelligently designed
robust user interface that are resistant to harsh
environment. . Smart safes incorporate LCD
touchscreen display, along with advanced menu
structures. These safes also have communication
port to connect with the centralized server to
monitor the cash transaction.
3
Smart Computational Power
Powerful computational power is one of the
turnkey features of smart safes. It ensures data
protection, integrity, and overall robustness of
the safe. For example, smart safes store and
manage names and password of the authorized
users. It ensures that the cash transaction data
is safe from purposeful hacking attempts, and
unforeseen circumstances or accidents. However,
these safes also require regular security updates
like any other modern gadgets. .
4
Smart Validator
The bill validator is the soul of a smart safe.
The bill validators use optical sensing to check
the authenticity of inserted bills that have been
deposited. However, the speed of validation may
be different for various models and brands of
smart safes. The state-of-the-art validators use
counterfeit pens, UV lights, and advance optical
sensing technique to ensure that fake notes or
bill don't get entry in the safe vaults..
5
Value Added Business Proposition
Protection against Theft It has been estimated
that business houses experience 5 percent annual
revenue loss due to internal theft. The security
features of smart safes protect your cash from
theft from external and internal theft.
6
Efficient Cash Management
Smart safes significantly save time used for
counting cash, error investigations, and register
closeout. This enables businesses to spend more
time on other profit making activities.
Conclusion Smart safes not only provide
full-proof security, but also help in saving
time. For example, these safes allow users to
reduce the frequency of armored cash pick-up, and
save the pick-up cost.