40 x LESS likely to be attacked
Save time in resources
Save money
In a traditional retail environment:
- More than 90% of business robberies are primarily for cash.
- Insider participation exists in over 90% of armed attacks.
- Retailers (without Cash Connect) have a One in Five chance of being attacked.
In a Cash Connect environment:
- Cash is "removed" as a potential target.
- Insiders KNOW that you maintain a hardened security environment.
- Our customers face less than 1% risk of being attacked.
- Healthy Emotional Bank Account - Staff & customers feel safer, boosting productivity and sales.
Our ConnectR range of Vaults caters for small to large retailers - Available in 3K-UC, 5K and 10K models.
The instant you deposit cash into the Vault..."We take the Risk"
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Understanding the cost of cash handling is fundamental to any cash risk management strategy.
Table:
Expected savings per month, projected using industry average cash handling cost benchmarks.
Cash Volume |
Expected average savings per month |
R1M to R2M |
2,7% to 17.8% |
R3M to R7M |
25,2% to 41,6% |
R8M Upwards |
42,8% to 45,8% |
Expected Insurance savings of about 90% and Shrinkage Reduction of approximately 87% across the spectrum. Variations may occur dependant on specifics. |
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Latest crime statistics show 16 377 attacks against businesses - 45 per day.
Retailers face a 23 in 100 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 attack resistant Vaults are designed to be impenetrable to hit and run 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.
Deter, Deflect and Defend.
Crime statistics - Source: SAPS
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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.
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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. |
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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 |
0% shrinkage |
National average 0.15% |
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% |
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 about 90% and Shrinkage Reduction of approximately 87% across the spectrum. Variations may occur dependant on specifics. |
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