We Just Moved the Bank to your store.

Return on Investment - Understanding the accumulated cost of cash handling creates awareness of the savings that can be realised from automation. You will likely save money, reduce your risk exposure to armed attack, benefit from time savings and enjoy a much improved emotional bank account for your business.

Quality improvements to cash security will boost staff morale; productivity and turnover as well as assist in creating a safe trading environment for your customers.

WHAT ARE THE COSTS OF CASH?

  • Cost to trading. When a store is attacked, not only will there be a cash loss, but also an emotional impact on employees. Businesses can expect to have a reduced footfall of customers for up to 6 months after a violent attack.
  • Back-office staff cost to count and manage cash.
  • Cost to insure cash onsite.
  • Cost to transport cash to the bank.
  • Cost to deposit cash at the bank.

BENEFITS OF AUTOMATING RETAIL CASH MANAGEMENT

1. Business efficiency: Automated cash management is fast, accurate and error free. It’s also much safer since it eliminates all staff touch points associated with manual reconciliations and banking, counting, shrinkage, double count supervision, insurance costs and overhead costs, not to mention the inordinate exposure to crime both in store and én route to the bank.

2. Cash is guaranteed: Cash Connect guarantees the cash from the time it is deposited into the cash vault, whilst in transit and until the value appears in the customer’s bank account.

3. Reduced risk: Not just the risk of cash loss but the broader risk to the business, its staff and customers, to the threat of a potentially violent armed robbery.

4. Shifting focus to manage your business: Without the counting and banking shenanigans of manual cash handling, the owner can focus on other crucial aspects of growing the business with greater efficiency.

5. Streamline cash flow: A well organised cash flow means more cash on hand for your business to grow and prosper, or making use of seasonal special offerings to benefit from bulk purchase discounts. Reputable cash management and payment solutions enable cash to reflect in your bank account on the same day that the cash-in-transit company collects from your premises.

6. Improve employee retention: When a store is attacked, there will be an emotional impact on employees. There have been many cases in South Africa where employees left because they do not feel safe. With an automated cash management environment employees will go about their work with a greater sense of security.

R.O.I. Measures

With Cash Connect

Without Us

Shrinkage/Shortages

0% shrinkage

National average 0.15% of your cash turnover

Cash handling resources

Save up to 90% (volume dependant)

0%

Productivity increase

Expected average improvement 7,5%

0%

Accountability

100%

50%

Peace of mind

100%

40%

Instore cash insurance 100% National average is 1.25% of your monthly cash turnover
Cash in Transit insurance 100% National average is 1.86% of your monthly cash turnover

Cash deposit fee

Average reductions of up to 37%

No Savings

Value received at bank

Same day

Next day or longer

Overall savings

R200 pm to R40,000 pm (volume dependant)

No Savings

Expected insurance savings of approximately 90% and shrinkage reduction of around 87%.
Variations may occur dependant on specifics.

 

 FREE CASH MANAGEMENT CONSULTATION

 

p>Latest crime statistics show 19 698 attacks against businesses - 54 per day.
Retailers have a 1 in 4 chance of falling victim to an armed attack; conversely, Cash Connect clients have less than 1 in 100 chance... 40 x LESS likely to be attacked.
Factors fueling attacks:
A. "Insider Participation" is evident in over 90% of cases.
B. 90% of business armed robberies are primarily for cash.

So how does Cash Connect reduce the risk so substantially?
Our cash vaults are built to SABS Cat 4 standards and can resist the toughest of attacks.
Understanding that Staff are participants in over 90% of attacks and the fact that these are the same people we train when installing, they get to see just how secure the Cash Connect solution is. Your store becomes known as a HARDENED site not worth attempting an attack, effectively removing cash as a target in your store.

Crime statistics - Source: SAPS

 

We guarantee your cash the instant it's deposited in the Vault.
Simply put, We take the risk...once cash is deposited in the vault, while stored in the vault, during collection and in transit IE: Any time after the deposit is made. Should we receive a valid claim for loss after cash is deposited into the vault, the value will still be transferred in accordance with your settlement agreement.

In a retail environment cash is handled, on average, 5 times before reaching the bank. We automate this into 1 step; substantially reducing back-office resources, duplicity, shrinkage and increasing cashier accountability. Typically our customers receive SAME DAY value of the cash deposited into the Vault.

Table:
Expected savings per month, projected using industry average cash handling cost benchmarks.

Cash Volume

Expected back-office time-savings

R1 to R2M

25% to 33%

R3M to R7M

41% to 79%

R8M upwards

81% to 89%

Expected Insurance savings of about 90% and Shrinkage Reduction of approximately 87% across the spectrum.
Variations may occur dependant on specifics.

Return on Investment - Understanding the accumulated cost of cash handling creates awareness of the potential savings through automation. Improvements to your cash security will boost staff morale, productivity, turnover and create a safer trading environment for your customers.

R.O.I. Measures

With Cash Connect

Without Us

Shrinkage/Shortages

0% shrinkage

National average 0.15% of your cash turnover

Cash handling resources

Save up to 90% (volume dependant)

0%

Productivity increase

Expected average improvement 7,5%

0%

Accountability

100%

50%

Peace of mind

100%

40%

Instore cash insurance 100% National average is 1.25% of your monthly cash turnover
Cash in Transit insurance 100% National average is 1.86% of your monthly cash turnover

Cash deposit fee

Average reductions of up to 37%

No Savings

Value received at bank

Same day

Next day or longer

Overall savings

R200 pm to R40,000 pm (volume dependant)

No Savings

Expected insurance savings of approximately 90% and shrinkage reduction of around 87%.
Variations may occur dependant on specifics.

Take Action

Call Me
Quote Me
Book a Demo

Newsletter
Subscription

Click Here

Contact Us

T | +27 11 010 4300
E | info@cashconnect.co.za
CC | 0861 MY RAND (69 7263)

Jhb Head Office:
Innesfree View | 4 Harris Road (Cnr Katherine & Harris) | Sandown Ext 20 | Sandton | 2196 | South Africa

Regional Contacts