6 TOP BENEFITS OF USING A CASH DEPOSIT MACHINE IN YOUR BUSINESS

Increased labour costs, human error and the growing need for measures to secure your business from internal and external theft make cash management complicated. However, the way you manage your cash processes is crucial to your business’s success as it directly impacts your profitability.

Deposita’s Protector 3000 d-s1 cash deposit machine is at the heart of an end-to-end retail cash management solution that automates and streamlines your cash handling from point of sale to the moment it’s deposited into your bank account. This cash deposit does so much more than improve the level of security at your business. In this article, we look at six essential ways the Protector 3000 d-s1 can help your business thrive.

1. Saves Time and Improves Efficiency

The more hours your manager and staff spend handling money, the less time they have to focus on generating profits and finessing daily operations. With Deposita’s Protector 3000 d-s1 cash deposit machine, many daily cash-related tasks are fully automated.

Depending on the size of your business, you could potentially halve the time staff and management spend handling, reconciling and balancing cash.

Instead, they can pour energy into ensuring the store is clean and appealing, that shelves are well-stocked, and customers are consistently enjoying a positive experience – which ultimately improves sales.

2. Elevates Customer Experience

According to Salesforce’s “State of the Connected Customer” report, conducted in 2020, 89% of consumers are more likely to make another purchase after a positive customer service experience.

We all understand the frustration of stepping inside a store and waiting for a staff member to attend to us. Immediately, the chance of that store making a sale is diminished. In retail, every sale matters. Margins are tight. Walkouts are a missed opportunity you won’t likely make up.

Customer service is crucial to your success. It can make all the difference in a highly competitive retail space. With less time spent on cash handling, your staff are empowered to offer the best customer experience possible. Satisfied customers are not only likely to linger longer, they’re also likely to spread word-of-mouth positive reviews, which means you’ll get even more feet through the door.

The extra bonus? A cash deposit machine will – unbeknownst to the customer – be creating a safe shopping environment for them too.

3. Enforces Accountability

With manual cash ups, management and staff tend to stay after their shift to count the day’s take. To reduce any counting errors, they often recount several times over. But there is never a guarantee of zero counting mistakes.

The Protector 3 000 d-s1 cash deposit machine automatically counts your cash deposits in a fraction of the time. This means staff are more accountable, but they also don’t have to worry about shortfalls at cash up.

4. Heightens Accuracy

Accuracy is facilitated by the cash deposit machine’s state-of-the-art software application, designed with the retailer in mind. It precisely records every transaction and the daily deposits – helping reconcile the day’s cash receipts against sales.

Connector, our Software as a Service (SaaS) application, provides multiple reports to give you more in-depth insight into optimising and improving your day-to-day cash flows. These custom reports can be used to help prepare deposits, solve accounting discrepancies, and give decision-makers the information they need to run and improve your business.

5. Decreases Costs

With the Protector 3 000 d-s1 cash deposit machine and our cash management solution, you can reduce the cost of labour, insurance and security services by simplifying and optimising your cash cycle through your business.

6. Tightens Security

According to FIS’s Global Payments Report 2021, 53% of point-of-sale payments in South Africa are made in cash.

Most retailers, especially in Africa, handle their cash manually, which makes their businesses vulnerable to robberies and internal theft. Once cash is deposited into the Protector 3000 d-s1 cash deposit machine, it is out of reach until your cash-in-transit provider collects the content.

Is Deposita’s Protector 3 000 d-s1 Cash Deposit Machine Suited to Your Business?

This remarkably compact, high-capacity cash deposit machine is specifically designed for back offices with limited space, ideal for convenience stores, small to medium supermarkets and retailers, petrol stations, and smaller bookmakers.

To learn more about its foolproof banknote validation, easy-to-use interface and how it can be integrated with your existing point-of-sale system, watch the video below.

Ready to Take the Next Step with Deposita?

Through in-depth consultations, we customise our state-of-the-art technology to meet your unique business needs and achieve results. We offer training at our premises or at a location of your choice. We also provide your staff with customised operating manuals.

Get in touch to schedule a consultation or to visit our real-situation demonstration room.