One of the biggest challenges for retail businesses is cash management. Retail owners and managers spend excessive time managing cash and change orders only to have human errors slow down the process even more.
For retail managers who must get corporate or administrative authorization to access the portal to submit a change order request, the process is even more bogged down and time- consuming. Never mind this doesn’t consider the timing of the request and actual fulfillment of it, potentially causing more reconciliation slowdown.
Change management is handled by most banks with an online order form, however, discrepancies and reconciliations have not always been scrutinized well enough to fix the problems. Now there’s a smart way around such snags.
AMSEC has the solution.
Change Exchange is the only smart safe solution providing patented single-point change ordering with CashWizard. No matter where you bank or how many banks you do business with, Change Exchange is easy to learn, implement, and use. All of your change ordering is done in one place. Here’s how it works.
Authorized safe users can log into the safe and request the desired change amount and identify the needed denomination breakdown.
The change order request can be set to be delivered at the next scheduled armored car pick-up or a later time. Change orders can only be placed when paid for in full.
CashWizard counts and keeps track of money deposited, and employees can choose to make a deposit to pay for the change order or simply apply existing funds in the safe. This ensures balance at each step.
CashWizard Smart Safes automate manual tasks that are prone to human error and theft, enhancing your cash management by:
- Making sure your money is safer.
- Helping your staff be less stressed.
- Simplifying your operations.
- Reducing your costs.
- Improving your bottom line.
If you bank with different financial institutions, CashWizard can be configured to transmit change order requests to the corresponding banks and provide delivery via armored courier.
Thanks to advanced and fully integrated cloud technology, CashWizard Smart Safe will count each note as it’s deposited into the safe, sidestepping manual counts, and avoiding miscounts and associated fees. Together CashWizard and Change Exchange modernize the cash management process. Watch the video to see how they work together.
Other Change Exchange advantages include:
- A choice of manual orders within customized limits or standing orders.
- Customized change order parameters set per location with set-up controls for order cut off times, payment methods, number of orders, denominations allowed, and total allowable value.
- More than 95 banks are currently integrated with our ChangeExchange technology.
- A variety of consolidated reporting features.
- Technology that works with most armored courier providers, national and regional.
Process efficiency, time saved, and more productive employees are just a few of the benefits of Change Exchange from AMSEC. It’s possible to seamlessly order, track, and auto reconcile change orders in such a way as to diminish discrepancies and consistently provide an accurate balance with each transaction.
For a product demonstration of CashWizard with Change Exchange call (800) 421-6142 or fill out a product interest request.
AMSEC will be attending the annual 23RD AFP TRADE SHOW in Philadelphia, PA, Oct. 23. If you’re planning to attend, we hope you’ll stop by Booth 459 and say hello.