Tapping into Vital Working Capital: How a Small Business Currency Processing Solution Can Help

9/8/2016

Improving cash flow and freeing up trapped cash is important for any size organization, but especially so for small businesses. For businesses that process cash, gaining better cash visibility, developing more efficient cash handling processes and achieving faster access to cash can be the one thing that stands in the way of supporting critical objectives such as making payroll and paying suppliers along with other business expenses and improvements.

Idle Cash is Wasted Cash

For many small businesses, cash collected on a daily basis sits idly waiting to be deposited at the end of the day, shift, or week. Until this cash is processed by the bank, it provides no tangible benefit to the business. This is the very definition of trapped working capital. While unavailable to the business, it provides no immediate support for day-to-day operations.

Provisional Credit is Key to Unlocking the Power of Cash

One of the many benefits of a currency processing solution is that it provides advanced provisional credit for cash deposits. In the case of Fifth Third Currency Processing Solutions™, deposits are provisionally credited within 24 hours of the cash being fed into the smart safe device. Deposit information is automatically relayed to the bank through a secure Internet connection, whereupon the organization’s account is then provisionally credited for deposit the next day.

Cutting-edge currency processing solutions can literally transform the cash collection process, enabling small businesses to achieve significant operational efficiency. And by facilitating faster access to trapped cash, these businesses are better able to implement more effective working capital management that supports the business. In today’s highly competitive business environment, having working capital available may be key to maintaining daily operations and potentially expanding the business.

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