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Effective Solutions for Individual and Corporate Cash Management

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Sectran security

When it comes to cash management solutions for individuals and corporates, no one offers better services than cash logistics vendors. One of the top vendors in California has been offering cash related services since 1982, building strong relationships with their customers based on trust and reliability. After serving them for several years, the company realized it’s time to offer more than just picking and dropping cash and other valuables.

 

 

New solutions and services for the digital age

Almost everyone interfaces with banks via an app on their smartphone these days, or visits the closest ATM, the need for branches to keep hard cash onsite has decreased following the low footfall. Unlike some years ago, customers have greatly reduced transactions with cash and the need for armored transportation has fallen. On-demand services have become common and regular scheduled visits have more or less become non-existent. Corporate cash management services include on-demand cash pick-up, vault services, plus cash replenishment, and first line maintenance for ATMs.

Many retailers found they could not blindly trust their employees with large sums of cash without a means to track money from customers. As research shows, most people would steal money given the chance to do so without being caught. California’s armored vehicle vendor realized it’s another opportunity to combine logistics of cash with another service, namely smart safes. The individual cash management service they offered became an instant success with some retailers. By offering a complimentary 30 or 60 day pilot for employees to use their e-Deposit solution, the vendor won many key clients with large daily earnings in cash. During the pilot, installation, maintenance, and training is offered by the client without a charge.

The solution for individual cash management uses a smart safe which quickly and accurately counts the money deposited by a logged-in user and stores it inside a secure cassette. The deposit and user are added to the daily report generated for collections in cash from across the retailer. After a threshold limit is crossed an email from the machine ensures the vendor collects the cash and transports it to their vault. Managers and the top management can view the sales made in cash as per the deposits in the smart safe. They can also track the deposits per employee and for various branches. This service provided by the cash logistics vendor is also a way to avoid sending staff to deposit cash at the retailer’s local bank.

Diversifying services to stay profitable

One of California’s top vendor offers affordable logistics services for corporate cash plus other valuables like jewelry and art. Considering their value, it is vital for guards to accompany the valuables when transporting them for auctioning or an exhibition. With armed guards onboard their bullet-proof trucks, very few criminals make plans for robbing the vendor’s vehicles in transit. As banking trends have changed with the advent of smartphones and tablets, it is important for cash logistics vendors to offer solutions that match customer needs and they can exceed their expectations to encourage repeat business.

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