Cash Management

According to The Global Retail Theft Barometer, European retailers, during 2014–2015, reported a shrinkage rate of 1.05% of the total turnover, translated into more than 38,000€ million in avoidable losses.

By focusing once more on security and ideal solutions for customers, SafeGear has tackled the problem through a range of innovative products, aiming for a safe, accurate and easy cash management for businesses.

We offer a Point-Of-Sale innovative technology for cash payment and management, transforming time consuming tasks into automatic and simple ones, and minimizing cash shrinking risk for retailers. This way your cash is secured and controlled, a better and cleaner customer service is provided, and substantial cost savings are achieved.

Cash Management Facts

Correct cash management is one of the main challenges for businesses. Doing it properly makes a difference in sales and benefits, as well as in brand and reputation. However, that cash management is complicated by what are known as “Unknown Losses”, consisting on shrinking due to internal thefts by employees, shoplifting, administrative mistakes, etc.

According to The Global Retail Theft Barometer, European retailers, during 2014–2015, reported a shrinkage rate of 1.05% of the total turnover, translated into more than 38,000€ million in avoidable losses. To that amount we must add the investments those businesses make on security each year, resulting on a total of 1.82% of their yearly turnover, over 66,000€ million. What is more, almost half of them are caused by stores’ internal factors, such as employee thefts or administrative mistakes, as stated by The Global Retail Theft Barometer.

By focusing once more on security and ideal solutions for customers, SafeGear has tackled the problem through a range of innovative products, aiming for a safe, accurate and easy cash management for businesses.

What do we offer?

A Point-Of-Sale innovative technology for cash payment and management, transforming time consuming tasks into automatic and simple ones, and minimizing cash shrinking risk for retailers.

Key features

More control and security over cash

- Ensures accurate transactions.

- Safeguards the cash from illegitimate hands.

- Money is validated and no counterfeit money is accepted.

- Money is recycled through a “Closed Money Circle”, avoiding mistakes or manipulations of money in transactions.

- Reduces shrinking by avoiding unknown cash losses (no internal or external thefts of cash).

Improved and hygienic customer service

- A better service can be provided, especially in peak hours (according to studies, inefficient customer service can represent 10% of customer loss).

- It is user-friendly for customers, and no mistakes are made: giving back wrong changes, etc.

- Improves hygienic conditions (for example, in grocery stores the money will not be in contact with the product).

- The business brand image is improved.

Cost savings and efficiency increased

- There is no need for extra labor, allowing businesses to be more flexible and efficient (during touristic periods, for instance).

- You do not have to worry about time consuming tasks such as money counting, or balancing and reporting.

- The client can optimize the ideal level of money needed, by applying the level suggested by the machine.

- Eliminates time consuming tasks: cash counting, managing till content, reconciliation and closing, balancing and reporting… That time can be used for more important activities for the business, so productivity is increased.

- An improved cash management triggers a quick ROI.

Sectors

Retail

We know cash losses for small businesses are translated into high costs. Our products help those businesses keep the accounts balanced at every moment, with no mistakes, and minimize the risk of thefts at the same time. Moreover, our products comply with time consuming tasks related to cash for you, so you can focus on offering a better service to your customers.

Restaurants & cafés

Our product makes shift rotations easier, ensuring a balanced account no matter how many employees are working at the same time, always keeping your money safe. The money validation process rejects counterfeit money, and the automatic closing process allows employees not to waste time in cash management activities. That also enables a faster service to the client, as processes are streamlined and customers can pay while they get their order served.

Food stores

Hygiene is a key aspect to consider in food retailing. Our product is thought to guarantee a cleaner service, because it avoids the contact between food and money, making it the ideal choice for groceries. Focusing on neatness triggers a faster service as well, as customers can process the payment themselves easily, having clear they will get the correct change back.

In case you need further information, you can call us at +45 36 96 43 53 or try our live chat. We will be pleased to help you!

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