Cash Dispensing Safes: A Wise Investment for Cash Intensive Businesses

USA’s first ATM, the first-of-its-kind cash dispensing machine, made its debut in the year 1969, and revolutionized the banking industry by eliminating the need for customers to visit the bank for withdrawing money. The use of cash dispensing feature, however, did not remain limited to ATMs, as soon the market witnessed the introduction of cash dispensing safes. These automated cash management solutions helped cash intensive retail businesses streamline their cash handling process and making it more secure and safe. On that note, we discuss a few reasons that make cash dispensing safes a beneficial proposition for cash intensive businesses.

Reduced Customer Handling Time

For every business, customer satisfaction remains the top priority, and cash dispensing safes play a key role in this regard. These smart safes expedite the process of dispensing change to customers and thereby, helps in reducing the customer handling time. In short, there safes reduce the time customers spend in the cashier’s desk.

Instant Access to Transaction Data

A unique feature of cash dispensing safes is that they can be linked to a centralized system or server remotely. For example, if your business is spread across multiple locations and you have a cash dispensing safe at each location, the centralized server will be able to track and provide instant information from each location.

Provisional Credit Facility

One of the most advanced features of a cash safe is its provisional credit facility. It allows banks to provide their retail clients provisional credit in their bank accounts without the need of actually transferring the cash from the retail location to the bank vaults. Provisional credit helps reduce the risk of theft or robbery while the cash is in transit. It also reduces the number of armored car pickups, thereby increasing the operational efficiency and reducing the costs involved in the process.

Enhanced Cash Security

Cash dispensing safes with their advanced security features and high-security enclosures are highly resistant to burglary. Similarly, the tracking feature that monitors and registers every cash transaction helps reduce the chances of any internal cash shrinkage due to fraud or theft by  employees.

Conclusion

A robust cash management system is the foundation of any cash intensive business. Installing a cash dispensing safe helps businesses achieve just that. Not only do the advantages of installing a cash safe outweigh the services a traditional safe can provide, but these automated cash management solutions also have a far better returns as compared to the traditional safes. Therefore, it comes as no surprise that more and more cash intensive businesses such as casinos, convenience stores and restaurants are opting for these smart safes to improve their business.