Learn how Cash in Perpetual Motion can Power your Business


Automate | Authenticate | Secure | Accelerate

SUMMARY

Cash adds value to your business when it’s moving. Not when it sits idle in a till or safe. Not when it’s being authenticated, counted and re-counted. Not when it distracts your staff from store operations and customer service. Whether you need to reduce shrinkage, improve staff productivity or just accelerate time to value Glory can help.

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The Power of Cash in Perpetual Motion

Bills and coins can only work to benefit your business when they’re dynamically in use. Like a lean supply chain, Glory optimizes your retail cash chain, from payment to productivity. Your cash is secure and available where it’s needed – at front of store, in your bank account, invested in your future.

 

Enhancing the Experience You Deliver

In even very well-managed retail outlets, skilled people spend a lot of their working days doing fairly unskilled things. They take money, count change, test cash to ensure it is not counterfeit, and often move cash from point of sale to back office locations for counting. None of these activities contributes anything to good quality service. In fact, as they use up valuable staff time they can actually degrade service quality by stretching sales personnel too thinly, leading to longer waiting times and rising dissatisfaction.

 

Working Smarter for Increased Efficiency

If net margins are an accurate indicator, the retail sector is probably the most competitive part of any national economy. The levels of choice and the range of shopping options available mean that customers increasingly call the shots, and that leads to constant pressure right across the sector.

 

Taking Action on Loss Prevention

Every retailer knows how important cash remains to their business. Margins are wafer thin, while competition is tough already and getting tougher by the day, so retailers aim to maximize their income by all legal means, and in most markets that includes making the most of cash. The trouble is that, without careful and efficient management, the value of cash tends to diminish as it moves from point of sale to the bank.

 

Driving Your Working Capital

Retailers don’t need to be told that cash matters - they see this on their bottom lines every day of the week. Cash transactions still account for around 20% of retailer income by value in most countries, and is used for up to 75% of all transactions. Retailers know that cash will stay important for many years to come, yet to move cash from the point of sale terminal to the bank account can be a long and complex process. Retailers generally cannot extract the value from cash in the form of working capital until that process is complete – often only after processing timescales exceeding three days from point of sale to point of bank credit.

 

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