manage your cash with precision · 2013. 8. 27. · manage your cash with precision. partnering...

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MANAGE YOUR CASH WITH PRECISION

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Page 1: MANAGE YOUR CASH WITH PRECISION · 2013. 8. 27. · Manage Your Cash with Precision. Partnering with YOU our customer is the key to success. Reviewyour current cash management procedures

MANAGE YOUR CASHWITH PRECISION

Page 2: MANAGE YOUR CASH WITH PRECISION · 2013. 8. 27. · Manage Your Cash with Precision. Partnering with YOU our customer is the key to success. Reviewyour current cash management procedures

BenefitsReduction/Elimination of internal cash shrinkage - According to the 2011 Global Retail TheftBarometer, dishonest employees were responsible for over $41 Billion or 35% of shrinkagesurpassing shoplifting. In addition, the average amount admitted stolen by employees was greaterthan five times the average stolen by shoplifters. Shrinkage in Canada was $43.63 Billion in 2011up 4.9% from 2010.

Decreased labour costs – The largest portion of your ROI will come from a reduction in labour. Itcan be as simple as later start times and earlier end times for employees, to a reduction orredeployment of cash room employees.

Optimized cash flow – Implementation of a cash management solution should reduce your vaultholdings by a minimum of 10%.

Improved security for both employees and customers – As violence increases it is imperative thatall retailers are Bill C45 & Bill C168 compliant.

Reduction in armoured car fees – The average cash management solution will reduce the frequencyof armoured car pickups required.

Increased operational efficiencies and accuracy – Less time counting cash equates to more timecustomer facing and managing your employees.

Counterfeit detection – All solutions have updated counterfeit note detection and will reject anycounterfeit notes.

Detailed reports – Solutions all have reporting capability both at the store level and online throughsecure customer portals. Reports allow head office to have a view of device contents, cash collection

totals and day end reports, to name a few. Some solutions also have the capability tocreate customized reports.

The CashTech Retail Solution

Page 3: MANAGE YOUR CASH WITH PRECISION · 2013. 8. 27. · Manage Your Cash with Precision. Partnering with YOU our customer is the key to success. Reviewyour current cash management procedures

In the new and expanding world of Retail CashManagement there are dozens of product configurationswhich will automate your cash management processes.Knowing which one is right for your business is whereCashTech can help.

CashTech is the only truly agnostic retail cashmanagement solution provider in Canada. It is our goalto deliver cash management solutions which will achieve the greatest return-on-investment. CashTechrecommends the leading cash management solutionsavailable in the Canadian marketplace.

Whether you engage an armoured car provider or takethe money to the bank yourself, CashTech will provideyou with the right solution.

Cash still accounts for 53.8 percent of all transactions and if thepurchase is under $25 that share goes up to approximately 70%according to a Bank of Canada survey.

Manage Your Cash with Precision

Page 4: MANAGE YOUR CASH WITH PRECISION · 2013. 8. 27. · Manage Your Cash with Precision. Partnering with YOU our customer is the key to success. Reviewyour current cash management procedures

Partnering with YOU our customer is the

key to success.

Review your current cashmanagement procedures

and perform a thoroughtime analysis.

Evaluating the data andproviding a detailed

recommendation, completewith business case and ROI.

Collaboration in selectingthe solution that best

fits your needs.

Implementation andtraining.

Support with our 24/7helpdesk.

Integration with your POSis an option with most

solutions, thus fully closingthe cash management loop.

Optimizing your ROI with3, 6 and 12 month

reviews of your in-store cashmanagement procedures.

National service andmaintenance coverage

including Polymer upgrades.

The CashTech PRECISION Methodology includes:

Page 5: MANAGE YOUR CASH WITH PRECISION · 2013. 8. 27. · Manage Your Cash with Precision. Partnering with YOU our customer is the key to success. Reviewyour current cash management procedures

When it comes to the business of managing yourcash, precision is paramount to your bottom line!Eliminate the errors and discrepancies whichcost both time and money.

Retail employees spend an average of 15 hoursper day managing their cash for a three to fiveregister store. A big box retailer’s employeeswill double or triple the hours spent on cashhandling activities. The average note is toucheda minimum of five times within your store beforeit is deposited.

Most often two employees are required to countall money exchanges in store throughout theday.

Handling cash is costly and takes away fromwhat is most important to your business –customer focus.

Managers sitting in the back room counting cashare not doing what they do best – managing youremployees and increasing customer satisfaction.

Cash Management Solutions range from billacceptors which count, validate and secure your cash, to high speed note and coinrecyclers/dispensers.

According to a Bank of Canada Review, “Canadianscontinue to use bank notes as a means of payment andas a store of value, despite the growing use ofelectronic alternatives. The persistence of bank notesis explained by their unique qualities which, incombination, have yet to be surpassed by otherpayment instruments:

• Convenience: Cash is portable, accessible, andrelatively cheap to use. It can be processed quicklyduring transactions and can be transferred fromperson to person without the use of technology,personal identification numbers (PINs), or signatures.

• Protection of privacy: Cash transactions do notrequire the disclosure of personal information, andpose no risk of identity theft.

• Legal tender: Bank of Canada notes are legal tenderin Canada, as are (to a certain extent) coins issuedby the Royal Canadian Mint.

• Payment finality: The use of bank notes allows for afinal means of settlement once the transaction hasbeen completed.

• Liquidity: Because cash is readily accepted as ameans of payment, it is the most liquid asset interms of its convertibility into goods, services, andother financial assets.

• Confidence and acceptance: Confidence in the useof cash is based on the credibility of the central bankin maintaining low and stable inflation (i.e., retainingthe purchasing power of the currency) and providingsecurity against the threat of counterfeiting.

To find out more about our services call 1-800-268-5457 or goto cashtechcurrency.com

Discover the Value of Precision Cash Management

Page 6: MANAGE YOUR CASH WITH PRECISION · 2013. 8. 27. · Manage Your Cash with Precision. Partnering with YOU our customer is the key to success. Reviewyour current cash management procedures