Since the dawn of currency as a medium of exchange, theft has been an issue. Obviously, this issue is a key security concern for all retailers. The use of smart safes and cash in transit (CIT) services can help alleviate some of the anxiety associated with the handling of cash.
For example, the Fireking Summit Series line of deposit smart safes validate notes as they are inserted, immediately identifying potential counterfeits. The Smart Safe automatically counts the currency and stores until collection – an added bonus for loss protection as totals can be tabulated instantly.
Smart Safes significantly reduce the chance of cash discrepancies while simultaneously reducing time and costs as a result of a simplified and efficient cash-handling process. Easy-to-use configuration and a simple installation process allow you to introduce a secure smart safe solution to any business, large or small, with zero down time. Near real-time web-based monitoring of cash levels via the Summit Control View software offers immediate detailed reports, accessible from any PC or mobile device. Manage employee access and monitor trends over time to better operate and understand your overall cash flow.
For additional security, we are partnered with CIT logistics providers (like Cash Connect) with the ability to provide provisional credit to your choice of financial institution(s), as well as armored car pickup throughout the Country. Provisional credit is attained through automatic daily ACH transfer, and is bank-agnostic, allowing you to work with your existing banking partner. CIT logistics are fully managed with zero customer involvement. Armored vehicles arrive on a weekly or bi-weekly schedule determined by your cash volume to collect the cash that has already been deposited into your account through the ACH transfer. Additional services such as change orders can be negotiated and handled through the same logistics partners as well.
Using Cash in Transit Services eliminates risk and exposure to yourself, staff, customers, and general public. It saves time and allows staff to concentrate on core business.
Let us help you reduce opportunities for theft, robbery, and/or diversion. Call us today to start the conversation!
Information has been gathered from sources deemed reliable but not guaranteed and is subject to change without notice. The information contained in this site is provided for informational purposes only.
We’ve all seen a heist movie where the robber spray paints a security camera. His partners all rush in undetected to steal the money, jewels, high valued art, or priceless relic. Thanks to March Networks, these techniques are now antiquated.
March Networks offers surveillance systems with cameras equipped with intelligent video. These systems are able to interpret what they see and trigger alarms accordingly. And unlike people, cameras don’t sleep (gone are the days of the snoozing security guard).
ME6
Cameras, the IR DuraBullet & the IR Dome, record footage, evaluate the
footage, and sound alarms when necessary. For example, all of these situations
would trigger an alarm:
an
object is abandoned in one space for too long
a
person or object moves in the wrong direction
people
loiter in an area for too long
a
vehicle stays in an area for too long
a
person or vehicle enters a certain area
a
camera is tampered with
But what if you’re not worried about the burglar in the black hoodie? For retail establishments, internal theft and shoplifting are bigger concerns. Surveillance cameras and accurate record keeping are the two best factors to prevent and minimize shrinkage.1 The integration of Searchlight software with March Networks surveillance systems make it easier than ever to identify instances of diversion. Searchlight software allows loss prevention associates to quickly & easily search transactions to match the incident with the footage. This significantly cuts down on man hours spent on reviewing recordings to identify culprit(s). March Networks is even available to manage and maintain this solution with the help of certified partners.
Cannabis
entrepreneurs know just how important loss prevention is to a business plan.
The product these business grow, cultivate, test, transport, and sell is highly
profitable and easily sold on the black market. Furthermore, marijuana
businesses are forced to do a large amount of their transactions in cash due to
the illegality of the substance federally. For these two reasons, experts
suggest investing in quality surveillance measures and storing cash and product
in cannabis
security vaults.2
The partnership of March Networks and KL Security takes diversion prevention one step further. These security experts have integrated artificially intelligent camera systems and Searchlight monitoring software with cash safes. These smart safes offer bill validating, cash currency counting, cash management, and cash recycling. If your Smart Safe Point of Sale (SSPOS) unit reports a discrepancy, it’s tied to the surveillance system and all guesswork is removed as to when/where/how the incident occurred.
March Networks and KL Security are revolutionizing the way businesses prevent theft. This technology is sure to be seen as the gold standard for loss prevention going forward, known as Total Retail Coverage and Total Harvest Coverage for Cannabis dispensaries and grow operations. To discuss how we can assist your business shrink loss and grow profits, you can reach out to a qualified expert at 866-867-0306 or [email protected].
SearchLight & Retail POS Software Integrations
Features
Improve retail security and loss prevention efforts with Point of Sale exception-based reports integrated with intelligent video
Oversee operations with video images from all of your business locations
Track and analyze customer behavior with people counting, queue length and dwell time analytics
Receive alerts about suspicious activity
Total Retail Coverage Security and loss prevention efforts
From
shoplifting to internal employee theft as well as organized retail crime, your
profits are affected. With Total Retail Coverage, retail business can utilize
intelligent video that proactively alerts you to suspicious transactions and
other potentially problematic activity in your retail stores. Searchlight’s
powerful combination of surveillance video, transaction data and analytics
helps you improve retail security and reduce losses. The software’s business
intelligence reporting tools also let you gather valuable data on employee
behavior and customer interests, information you can use to improve operations,
customer service, marketing, and profitability.
Information has been
gathered from sources deemed reliable but not guaranteed and is subject to
change without notice.
Alstete,
Jeffrey (2006), “Inside advice on educating managers for preventing employee
theft”, International Journal of Retail & Distribution Management,
Vol. 34 No. 11 pp. 833-844
Compare and review the Best features, Pros and Cons of the top rated cash safes for retail cash counting and cash management of deposits.
Retailers that are preventing loss and driving up profit margins choose to buy a smart safe that will simplify and optimize the details of cash transactions. The true cost of managing cash payments can be steep and is often unknown – but when broken down into segments, the cost of accepting cash typically proves to be worth an investment into SmartSafes.
When a business begins to analyze the time and labor that a store manager uses to count and reconcile cash drawers, as well as the time it takes away from actually being a “Manager” to monitor and reconcile cash accounting errors, the costs can be enormous – especially if a retail business has more than one location. Add to this the time it takes to make daily deposits and your manager ends up running errands more than managing the store & employees.
Compare Cash safes and get prices on a top rated brand names
It’s been said that a $10 reconciliation error can cost as much as $100 in wages to find, reconcile and update – over time, retail cash management pays for itself and improves business operations, cash flow and ultimately profit margins.
Below is a comprehensive list of the best brand names and features.
AMSEC CashWizard Smart Safes are top rated cash management Solutions for retail business. The CashWizard Smart Safe empowers your business and employees to streamline cash management.
Centralized management connecting safes via cloud-based platform accessible from any Internet capable device provides easy to use customer managed, remote administration of users and reports. Users can also set defined email alerts for exception-based management. Fully Push-based API for cash transactions integrating with POS systems and reconciliation software
Armor Safe Technologies specializes in the development, deployment, and servicing of the industry’s most innovative cash-management systems. Armor Safes validate, count and secure cash in cassettes ready for delivery to your bank, establishing an effective closed-loop solution.
Effective closed-loop solution for many of your toughest challenges such as loss prevention, employee accountability and financial transparency.
Bill Validating Safes from the FireKing Security Group is a top rated choice for cash accepting environments like specialty retail, convenience stores, and quick-serve restaurants are bill-validating safes.
Gunnebo Cash Management safes and Software improve efficiency and cash flow. Smart cash management solutions improve cash process efficiency and reduce the cost of cash. Gunnebo also offers UL 291 Rated Safes for the highest cash vault security.
Calculate Which Gunnebo Smart Cash Safe is Best for your business and Get Pricing in 3 steps
Tidel smart safes provide advanced technological features that enable the automation of cash management functions within a busy retail environment. From automated bill counting and deposit functions along with reporting capability, Tidel smart cash safes enable retailers to gain tremendous efficiencies and optimization of cash management processes and in-store labor. Tidel smart safes connect to the widest range of cash management peripherals in the industry, allowing them to be deployed across a wide spectrum of industries.
Versasafe By Triton (makers of ATMs) offer a color display, a simple interface and speech feedback. VersaSafe makes it easy for you to customize its functions to fit your business and can track and timestamps every transaction, increasing both effectiveness and efficiency. A high-capacity electronic journal even stores thousands of individual transactions and user histories for easy reference.
Triton is a smart safe manufacturer offering cash management safes that are tested to the UL 291 Level 1 attack test. This requirement covers the construction and security of the VersaSafe and provides for a degree of protection against unauthorized removal of currency within the VersaSafe. Triton’s UL 291 Level 1 certified vault is constructed of ½ inch thick steel on all six sides and features a patented anti-theft door design, making it one of the highest security cash safes on the market.
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Smart Safes protect your cash and coins from retail POS transactions and can enable the retail store to deposit credit at their bank from the point of sale. Large retailers can monitor and manage all cash deposits at all store locations from a single dashboard with customized Cash Management Software. Smart Safes improve cash management processes, reduce shrinkage, and can secure checks in a safe that is networked and accessible from central IS and IT work environments. IT teams can set permissions and allow corporate management to see daily, hourly and or weekly transactions.
Once a Smart Cash safe is installed at a retail store (either bolted to the floor or mounted under counter), users (employees and retail store managers) feed currency into the bill acceptor at the point of sale and the notes are verified (counterfeit bills are rejected) by denomination, counted and immediately deposited in the high security safe (AKA cash cassette). All transaction data from each day of deposits is electronically saved and can be transmitted across the secured network for enterprise-wide financial reporting and improved transparency to the CFO or finance department.
Once deposited, the cash cassettes can be accessed by either key locks, bio-metric locks or digital combination keypad locks. Additional processes for two-person authentication or dual authentication are available such as a key locks with Personal Identification Numbers (PIN), enabling a dual control security protocols to be used in tangent with an armored car service such as Brinks, Dunbar, Loomis, Garda or Rochester or Axiom.
All brand names are registered trademarks of their respective owners. Information has been gathered from sources deemed reliable but not guaranteed and is subject to change without notice.
