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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

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Cash Connect, South Africa’s leading provider of secure cash management and payment solutions, has launched a new self-service bulk deposit acceptor device, or ATM, for retail distribution centres.

This automated cash handling solution allows bulk note and coin deposits to be processed quickly and easily, which cuts down on the time depositors spend in service queues, and enables a speedy reconciliation and bank deposit process for cashiers.

Imagine a scenario where dozens of trucks leave a depot in the morning to deliver COD consumer goods like cold drinks, milk or fresh produce to retailers across the province. During the day, the trucks return carrying large volumes of cash. Drivers, having removed the cash from an on-board drop-safe, traditionally spend several hours in the depot’s cash centre, counting the cash and filling out deposit slips and thereafter waiting in a queue to hand over the cash to the cashiers. Only once the deposit is verified by the cash centre, can the driver get back on the road again.

“The bulk deposit ATM (BDA) provides an automated alternative which has been proven to be 4 to 6 times faster than a manual counting and verification process. In addition, the need for filling out a manual bank deposit slip is negated, further improving process efficiency and saving time.”

The bulk deposit ATM (BDA) not only eliminates much of the hassle associated with traditional cash handling methods, it also enhances existing safety and security measures and cuts down on cash shrinkage. The BDA is guaranteed to decrease bank fees associated with cash processing, whilst increasing cash flow with same-day settlements, resulting from increased efficiencies.

Manual banking generally provides value on the second or even third day from the deposit. Cash Connect offers value in the client’s bank account on the same day. The days outstanding, cost of funds saving goes to the bottom line, and you will no longer lose out on any interest on your funds from the time you make the deposit to the time the value reflects in your account.

“Automated cash management eliminates the need for manual paperwork and reconciliations, and drastically reduces incidences of human error,” says Richard Phillips, joint CEO of Cash Connect Management Solutions.

At the core of the Cash Connect BDA is the technology for which the company is so widely trusted throughout the commercial and retail industry: a cash vault built to SABS Category 4 standards, capable of withstanding most determined attacks.

“Another value-adding feature of the BDA is the secure biometric identification system that reinforces accountability and eliminates cash shrinkage. Retailers’ cash is guaranteed through a system that identifies people and assigns accountability based on fingerprints,”says Pierre Liebenberg, general manager for Solutions Development & Manufacturing of Cash Connect Management Solutions.

The BDA’s through-the-wall configuration offers a minimally invasive footprint that makes efficient use of available space in cash office. Its 17-inch touch screen makes self-service deposits a breeze for depositors, drivers, cashiers and other users. The machine can count up to 800 notes and 800 coins per minute, resulting in drivers spending more time on the road focusing on deliveries.

Cash Connect backs up its technology with on-site training, 24/7 call centre support, on-site technical assistance, and access to an online portal where customers can view their deposits, recons and transaction history, and download financial reports.

“With the BDA, Cash Connect enhances its reputation as a key enabler of South African business,” says Phillips. “We believe that retailers deserve to trade in a safe and secure environment, with increased efficiency and reduced costs that stimulate growth and prosperity. In short, we help take businesses from a place of safety to a place of growth with innovations like the BDA. It’s like we put the bank in your business.”

 

 

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
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