5 Ways CacheNET 5000 Streamlines Retail Cash Management

Technology is changing every passing day in every facet of life and business. It is now in the best interests of retail store owners to leverage state-of-the-art technology, such as commercial cash handling safes. Commercial safes not only streamline the cash management process within a store but also eliminates the risk of any human errors. This post highlights some of the advantages of CacheNET 5000, a heavy duty, back office solution for most cash-intensive businesses such as retail stores. It helps store owners streamline their business processes in a cost-efficient manner. 

1. Cash Collection and Management 

CacheNet 5000 collects and secures cash in an efficient manner. It eliminates the need for manual collection and calculation, thereby freeing up the workforce for better customer services. The safe comes with a smart locking system that reduces the risk of robberies, prevalent in the case of manual cash handling. 

2. Currency Validation 

The safe is powered with Cummins’ bill counting technology that allows it to differentiate between genuine and counterfeit bills. The high-capacity locking cassettes stores up to 5000 bills, reducing the need for frequent money transfer to the bank. The best part is that the cash is easily returned if the transaction is canceled, without exposing the rest of the cash to theft or other loss. 

3. Automated Accounting 

The safe offers an automated accounting solution regarding audit and report activity. Store managers often spend a large portion of their time maintaining the log book, managing employee payrolls and keeping track of other financial obligations of the company. The smart safe automatically generates receipts at every deposit making it easy for a manager to produce bills for every transaction at the time of the audit. 

4. Coin Collection 

Coin Collector is an optional component of the CacheNet 5000, which further improves the cash collection process. It can easily count and sort bulk coins, which are then stored in removable steel canisters by denomination for recycling and to easily pour them into bags for bank deposits. 

5. Reduced Cash Transit Cost

As the safe easily configures into one or two 2200 notes cassettes, the frequency of cash transportation to the bank gets reduced. This, in turn, reduces the transit cash cost of the vehicle that is used for the transportation. 

Wrapping up

In this digital and highly competitive world, the need of the hour for every business is to offer hassle free shopping experience to their customers. This is when commercial safes such as CashNET 5000 play a pivotal role in streamlining store’s overall cash handling process, freeing up the workforce to focus on client services. When purchasing cash dispensing safes, ensure that they are equipped with advanced features aligned with your business needs.