Evaluating Your Cash Collection Processes

04/01/2013

The following are some basic questions an organization can ask itself in order to gain insight into their currency processing needs and how the latest technology solutions might dramatically improve the efficiency of those processes:

• How do you handle your cash today?
• How much are your armored courier costs?
• How prevalent is internal and external loss of cash in your current processes?
• What are your labor costs associated with cash and currency handling, including the deposit preparation process?
• How critical are concerns over personnel safety associated with hand delivering bank deposits?
• Who provides the various services for your organization (banks, couriers, safes)?
• Do you have access to reporting that allows you to view your cash position across the entire organization?
• Do your currency handling processes distract your employees from key company core values?

By answering these questions, organizations can begin to evaluate their cash handling needs and then work with a banking partner to take advantage of the latest solutions available for optimizing currency processing.