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Controlled and secure retail cash handling

Gunnebo South Africa participated in this year’s Retail Risk Management Breakfast hosted by Hi Tech Security Solutions and the Consumer Goods Council of South Africa. After the recent launch of SafePay to the South African market, this was the ideal opportunity for Gunnebo to further demonstrate its closed cash handling solution to key figures in the retail industry.

Over the last decade, the retail cash handling market has grown and developed at a rapid pace. This trend looks set to continue in the years ahead. Faced with intensive global competition, retailers are more and more likely to need cash handling solutions that offer enhanced security, lower costs and improved productivity. These solutions will need to work within existing environments and adapt to a range of business models leaving retailers free to focus on their core activities, optimise security and control their cash cycle. Gunnebo’s focus is to continuously simplify processes within chain of cash management and optimise cash cycle monitoring, thereby embracing automation in order to improve customer control over the cash process. Gunnebo’s focus on increasing cost-efficiency and further development on the import and export of real-time data ensures that cash management will become more accurate and easier to control.

Gunnebo’s latest offering in closed cash handling automation, SafePay, created a lot of interest at the event, being the first in South Africa to offer a completely closed cash handling solution. Money is secured and controlled from the moment it leaves the customers hand until it reaches the cash-counting centre. No manual cash handling, no opportunity for cash differences and a safer store for both customers and staff. Closed cash handling replaces manual tills with recycling cash systems. Payment is counted and correct change paid automatically. Retailers also benefit from the enforcement of proper security routines, where the exact amount of cash is accounted for at every till at any store location. With online cash management, retailers can focus entirely on the customers and they no longer need to spend time administrating cash collection times.

Staff also have much less involvement with the cash cycle and need not be taken off checkout duty to hand over cash to cash-in-transit (CIT) personnel. Selected information can also be shared with trusted partners, i.e. CIT can monitor the level of cash in a store and plan cash pick-ups and deliveries of change as needed. CIT services can be carried out without the involvement of store staff. The result is an improved working capital and more efficient service at a lower cost to the retailer.

The Gunnebo Security Group is present in Europe, the Middle East, Asia-Pacific, Africa and the Americas. With years of experience delivering security solutions, Gunnebo has unrivalled expertise in cash handling, entrance control, physical security, secure storage and service. The company’s solutions protect people and assets, buildings and property, providing security and efficiency for you, your employees and your customers.

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