Do you want a safe and efficient way to handle cash for your business sales?  Do you want to have near real time cash balances across multiple store locations?  Then Smart Safes or Cash Recyclers might be your solution.

While the methods of consumer payments continue to grow and we continue to see a shift toward cashless payments, there are still businesses that have a substantial need to accept cash payments.  Many businesses such as fast-food restaurants, convenience stores, specialty beverage shops and other small local retail vendors still accommodate high volumes of cash transactions.  Today, there are innovative solutions to help increase efficiency in the cash handling process.

Some of the biggest challenges faced by high cash volume businesses include:

• Manual counting of cash which consumes valuable staff time.
• Cash handling safety concerns.
• Cash counting and reporting inaccuracies.
• Lack of visibility to cash receivables and activities.
• Inefficiencies in the reconciliation process.

With the introduction of Smart Safes and Cash Recyclers, employees can focus on building your core business, rather than spending time manually counting and managing cash.   A Smart Safe can intake both bills and coins and automatically counts and sorts the cash storing it in a secure depository safe.  These systems together act as a physical safe and a functioning bank vault all located on your business’s premises. A Smart Safe combined with a Cash Recycler can re-dispense or ‘recycle’ that same cash for additional retail use. In addition to the physical processes, these machines integrate directly with the company’s financial systems to provide a company’s cash on hand position in near real-time throughout multiple locations across their enterprise.  

Smart Safes and Cash Recycler benefits include:

• Eliminates the need for employees to manually count cash.
• Improves reporting accuracy with point-of-sale (POS) cash counting and reconciliation.
• Creates a secure store environment for employees and customers as deposits are completely inaccessible once placed in the safe.
• Integrates with a company’s financial system to track and capture deposit data throughout the day in near real-time.
• Streamlines the cash-to-bank process with daily deposits and provisional credits.
• Decreases bank fees, overdraft, and carrier fees through the managing of transaction data and real time cash positioning visibility.

Simplify, secure, and monitor your cash operations with Smart Safes and Cash Recyclers.  First Hawaiian Bank can help your business streamline your cash to bank processing.  To get started, contact your FHB Banker or visit any branch.