Ensuring ROI for Customers with Cash Management Services and Solutions 

Large banks that intend on keeping only $200,000 in their vault require a solution for the safekeeping of any additional money collected or deposited. Without taking a risk, they need a regular service to transport the extra cash for safekeeping. Luckily for banks in Southern California, the top vendor for cash logistics has set-up vaults in Los Angeles and San Diego. These vaults can be utilized to store the bank’s cash safely.

Benefits of the solutions provided by cash logistics vendors

The cash management solutions for banks offered by the cash logistics vendor collects the excess money from the bank’s vault and deposits it in their vault. When ATMs belonging to the bank need to be restocked with cash, the bank’s money from the vendor’s vault is used. Collecting cash from the bank’s vault once every week will ensure the armored trucks have adequate cash to replenish money in the bank’s ATMs across the city. What’s more, the chances of a robbery at the bank will be decreased with smaller amounts of money stored there.

One of the major benefits of these cash management solutions for banks is that additional staff will not be required for the vault or cash transportation. The need to multi-task for some employees will also be reduced, allowing them to focus on core customer-related tasks. Ensuring a single vendor can transport, safe keep, and replenish cash at ATMs will increase safety by avoiding communication with outside parties about logistics and cash vaults. Involving fewer vendors for transportation and restocking of cash will increase security and safety.

There are several corporate cash management services offered by the cash logistics vendor. If the corporate is in a line of business where they receive cash as payment or for some other reason, cash logistics and vault services will ensure safety. If the money collected by employees needs to be counted and stored safely, an e-Deposit smart safe could be the ideal solution. It counts and time stamps each deposit stored inside its cassette plus records the logged-in depositor’s details. These details can be viewed as reports by relevant staff members. When a pick-up is required for the cash, it sends an email alert to the vendor for cash logistics.

One vendor for multiple services

Cash logistics vendors that are on the ball realize without diversifying the solutions they offer, profitability will be limited. Offering their existing clients solutions to increase efficiency and strengthen security pay-off for some. By using their armored trucks for cash transportation to vaults and ATMs, they maximize efficiency and prevent the need for another vendor to provide these services. By offering maintenance services for ATMs, they reduce complicated coordination efforts required when multiple vendors are involved.

For the cash logistics company’s banking and corporate customers, the cash management solutions and services offered to ensure a good return on investment without involving multiple vendors.