Remaining in complete control of business cash flow is vital to any enterprise’s success. An automated cash management system makes all the difference in staying on top of the funds entering and leaving the premises. And although it might come across as confusing, the system and devices driving this process are anything but. Join us as we explore the basics of end-to-end cash management.

Without a proper cash management system, you risk missing critical financial health indicators. This could very well make or break your enterprise.

But what is a cash management system at its core? Simply put, it’s an automated solution that records all money moving into, out of and around the company across various structures, channels and even branches. Essentially, this system eliminates human error, temptation, time wastage, and high costs incurred from the cash-handling process.

As cash management industry experts here at Deposita, we’ve noticed that many interested customers have a hard time grasping:

• where our solutions fit into the cash management system, and the role of individual devices/platforms in the process.

To clarify these topics, we’ve created a series of to-the-point educational videos. They explain the end-to-end cash flow cycle, along with three of our most popular cash management products. Just scroll down to start watching these informative animations that will show you how simple and effective cash management can be!

Deposita’s End-to-End Cash Management System: Simplified

Understanding the end-to-end cash flow cycle is a must for all owners who want to see their businesses thrive. Why is this so important? Once you fully understand and implement this crucial process in your enterprise, you can look forward to many benefits, including:

• * Improved financial control
• * Enhanced strategic planning
• * Greater resource optimisation
• * Better risk management
• * More impactful decision-making

The cash management cycle consists of four primary steps:

Step 1

Either at the point-of-sale or during the business day, the money is fed into a cash management device (in this case, either an Exchangor cash recycler or a Protector automated banking machine).

Step 2

Once the money is entered into the Exchangor or Protector, the device validates, counts and secures the funds.

Step 3

Cash-in-transit (CIT) services are dispatched to your premises to collect and transport your cash management device’s contents to the bank.

Step 4

The CIT service reaches the bank and hands over your funds. This is the end of the cycle, and everything starts all over again. Yes, a cash management system makes it that simple!

Ensure Secure Cash Handling with a Protector

The Protector range consists of various automated banking machines (ABMs) designed and engineered with secure cash handling in mind. In fact, they come with comprehensive risk cover, which means your funds are insured as soon as they’re deposited.

Besides keeping your money as safe as in a bank, our Protector devices feature high-speed note counters and validators. This results in accurate and efficient transactions that save both you and your business precious time as well as money.

You can select to have your business’s CIT collections take place on set dates, or you can opt for a dynamic collection schedule based on your Protector’s content value or volume for further ease of use.

Automate Deposits and Withdrawals Using an Exchangor

Our Deposita Exchangor range consists of two cash recycling machines, the Exchangor Teller and Exchangor Chequer Plus. Both of these machines were developed to breeze through transactions and increase overall operational efficiency in the process. Not only do they eliminate human error, but these devices boost financial accuracy while increasing currency safety and hygiene as well.

Another great benefit of these devices is that they significantly speed up opening and closing processes like float management, as financial reporting happens at the push of a button. Finally, these cash recycling machines boast 24/7 remote monitoring, giving you access to the device contents and complete transaction data even while off-site.

Did you know? A cash recycler is a semi-to-full self-service device that automatically accepts, validates, counts and sorts money, which is then re-dispensed (i.e., recycled) for future customer transactions.

Streamline Cash Management System Operations with Connector

Connector is our financial software as a service (SaaS) consisting of four tools functioning together to streamline cash management operations. It enables real-time connection between business owners and their Protector or Exchangor devices, even if they are in different locations.

This powerful family of four tools make up the platform which runs every Deposita device. The individual Connector tools and their capabilities are as follows:

1. Report – Allows communication with all databases, simplifying financial reporting
2. Accept – Offers third-party payment options and is suitable for use with various transaction instruments
3. Vision – Facilitates remote cash flow management and monitoring
4. Collect – Enables full automation and integration of cash and ATM processing

Deposita Helps You Optimise Your Business’s Cash Management System

We sincerely hope our explainer videos help you make informed decisions about your cash management system. After all, by using our Deposita hardware and software, you can stress less about financial accuracy, time wastage, and high overheads – to focus on doing more with what’s yours.

Let’s Discuss Your Cash Management Requirements

Get in touch today for a free consultation. One of our experts will go over your particular needs and help you identify the best cash management solution for your business.