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BEYOND SAFE
"TAKING MY BUSINESS FROM A PLACE OF SAFETY
TO A PLACE OF GROWTH"
- Israel Penyane, Total Palm Springs
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PEACE OF MIND
“Ever since we moved to Cash Connect we
had absolute peace of mind”
- Greg McKey, Fish ‘N
MY STORY
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EFFICIENCY & PAYMENTS
“Cash Connect's solution saves me time and money”
- Roza Dos Reis, Klopperpark Spar
MY STORY
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WEBFLO
“Webflo helps me to track my cash remotely“
- Kashif Khaliqi, Engen & Katleho Garages
MY STORY
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PAYMENTS
"Now I get the money instantly in my
account to make payments"
- Nelson Teixeira, Klopperpark Spar
MY STORY
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BUSINESS EFFICIENCY
“The Cash Connect solution has given us
more time to focus on what is important”
- Armand van der Merwe, Fish ‘N
MY STORY
PEACE OF MIND
“EVER SINCE WE MOVED TO CASH CONNECT WE HAD ABSOLUTE PEACE OF MIND”
GREG MCKEY, FISH ‘N


MY STORY
Cash Connect Takes The Risk

The South African Reserve Bank tells us that cash in circulation has passed the R119 Billion mark and reports from across the world reinforce the reality that the use of cash continues to outgrow all other forms of payment - 84% of global transactions are still made with cash.

The reasons for the popularity of cash is the ease with which it can be used, its anonymity and its integrity.But for the same reasons cash will remain the primary target of theft and robbery for a long time to come and given that criminals seek to find the line of least resistance, it follows that they will seek out where the highest amount of cash is easiest to steal!

Richard Phillips, joint CEO of Cash Connect Management Solutions says that through the 90s armed robbery was rife within the Banking and cash in transit industries, but their successful response simply redirected the criminals to softer, easier targets within the business community. Over the past 10 years, armed robbery grew from 10 incidents a day to over 51 attacks a day. Last year we recorded an unbelievable 18, 615 armed business robberies in South Africa.

The robbers organise themselves in groups averaging fifteen in number. They use automatic weapons with confidence and ease. They are primarily in pursuit of cash and they seldom ever execute without careful planning and accurate intelligence. In most cases, they obtain information from insiders about how much, when and where. The attack is fast and efficient. The objective is to hit and run within 3 minutes, creating confusion and fear so as to maximise the opportunity to disappear without trace and there is always a heightened propensity for violence.
According to Phillips, the solution can be found in the advent of automated retail cash management services which effectively puts the Bank into the store. A compact, robust intelligent safe (cash vault), is installed and linked via the net to a back end. The cashiers frequently deposit the banknotes directly into the device and receive receipts for the till. Once a day the sum of deposits is electronically credited to the merchant’s bank account and the physical cash removed from site by a Cash in transit service provider. From the moment the cash is accepted into the cash vault the risk is transferred in its entirety to the service provider.
When all of the elements of a robust automated, retail cash management solution are in place, a positive emotional bank account is achieved. This is a trading condition where cash is no longer accessible and the threat of armed robbery is virtually eliminated. The staff are no longer intimidated, consciously or subconsciously, by the fear of becoming a victim of a robbery and they become much more disposed to practicing techniques designed toward service excellence and the promotion of sales. Such an environment encourages a positive and pleasant atmosphere that stimulates customer attendance and spend.

WHAT WE DO

Cash Connect ensures a streamlined cash management and payment solution that secures your cash, provides risk cover, offers working capital and business finance when needed and facilitates your supplier payments directly from the cash vault.

No more in-store or cash in transit insurance needed – we have it covered. From the moment your cash goes into the vault, whilst in transit, and until it appears in your bank account, we cover the risk. Your cash is guaranteed, side-stepping traditional insurance assessment delays and critical cash flow effects on turnover.

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WHY TRUST US WITH YOUR CASH?

It’s been more than 10 years since Cash Connect entered the South African market with cutting edge technology, a sound understanding of the cash risk in the retail space and a passion for service.

Today we boast a winning score board for innovation and protection of our customers’ business, as well as offering access to quick and reliable unsecured, short-term capital.

> WHAT OUR CUSTOMERS HAVE TO SAY

EFFICIENCY IS A PRIORITY

With Cash Connect, you can benefit from same day cash settlements, better cash flow, low cash deposit fees, reduced cash shrinkage and cut back on your back office administrative costs. You will save money on both in-store and cash-in-transit insurance costs and most of all, you will have established a massive deterrent against armed robbery.

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PEACE OF MIND

Our clients’ businesses are distinguishable by being retail spaces where the staff and their customers are no longer intimidated by the fear of attack and where the focus of attention has shifted to improving the working and shopping experience in every way.

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BEYOND SAFE

Cash Connect is a key component of a successful retail store and strives to make a unique contribution to South Africa’s burgeoning entrepreneurial SMME community.

We offer much more than just robust cash deposit vaults with which to process and protect your cash. We provide business efficiency – beyond safe.

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FREE CASH MANAGEMENT CONSULTATION

CLICK HERE
Copyright © 2018 Cash Connect.
PAIA DocumentationAll rights reserved.
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