SafePay Closed Cash Management
Cash in on SafePay and secure cash from the checkout to the back office. The smart way to handle cash and remove cash differences.
The Benefits of SafePay
Manual cash handling costs retailers time and money. SafePay replaces normal tills with a smart recycling system which protects cash from payment all the way to the cash-counting centre. Automatic reconciliation and no cash differences.
Cash is never exposed so staff and customers feel safer. Robberies and shrinkage are often reduced to zero.
Reconciliation is automatic. Cash inventory and audit trail are available online. You have full control over all cash processes.
ROI is often less than 24 months since staff involvement in cash handling can be reduced by up to 95%.
Closed Cash Management Product Range
What Our Customers Say
Spisestuerne Automated cash management How the canteen service at the Copenhagen Business School reduced cash differences to zero Read full story
Intermarché Swift and secure payment of cash How closed cash handling helped the Intermarché Tournai supermarket improve both productivity and security Read full story
Shell Petrol Station Cash differences eliminated and back-office administration reduced How SafePay increased security and the efficiency of the cash handling process at Shell Petrol Station Read full story
Cash in on the benefits of greater cash process efficiency, happier staff and customers, and better end-to-end security.
What is Closed Cash Management?The key characteristic of a closed cash management system is that it keeps cash locked away for the entire duration of its lifecycle in a store. This ensures that cash is never exposed or handled manually once it has left the customer's hand. As well as the obvious security benefits, other advantages include the elimination of cash differences, automatic reconciliation and the utilisation of staff for jobs other than counting cash.
To create a truly closed system, you should combine: i) a payment station at the checkout for notes and coins which recycles cash as change and stores larger denominations in separate cassettes, ii) a sealed cassette (sometimes ink-protected) which can be removed from the payment station once filled with cash and taken to the back office, iii) a back-office deposit safe into which the cassette is inserted and from where cash-in-transit services securely collect the cash, iv) cash management software which monitors cash levels and optimises CIT pick-up schedules.