What are the Other Services and Solutions Offered by Cash Logistics Companies?

With the growing popularity of digital banking and ATMs, banks prefer not to keep excess cash in their vaults, which is not required for customers' daily transactions. The vault is used more as a secure area for safety deposit boxes. They have reduced the number of visits made by their vendor's armored vehicles for cost-cutting and security reasons. Some cash logistics companies have suffered from a lower demand for their services. Those who realized digital banking is not a fad and acted accordingly have done better by offering other solutions.

ATM management in California

You will notice armored trucks are parked regularly near ATMs, where they replenish the stock of cash in the machines. The slightly more ambitious vendors offer other ATM services like first-line maintenance and second-line maintenance, ensuring minimum downtime. The services included in these combined are cleaning, restocking stationary, clearing a paper or credit card jam, ensuring the machine is fully functional, and more.

Armored truck vendors play a vital part in corporate cash management services, not only by offering secure transfer of cash but also vault cash management. Creating the right impression on prospects and customers for all the channels that are used is essential. Among them are ATMs, which are always busy in some locations and need regular cash replenishment to prevent downtime. Visiting multiple ATMs in a single day means carrying large sums of money in armored vehicles with trained guards and drivers.

Real-time monitoring of cash from sales

Another important solution offered by some cash logistics companies is smart safes as part of their corporate cash management services. They are an effective way to monitor employees' cash deposits from sales and other operations. With real-time tracking, senior management can study cash deposited by various permitted users to check if they are meeting their assigned targets. Once the money is counted and stored inside a cassette, it becomes the vendor's property and is covered by their insurance. The safe informs them through an automated email message when a pick-up for the deposited cash should be scheduled.

One of the top cash logistics companies has been providing solutions to local businesses in California for over thirty-five years with a good track record. Realizing early that there was limited growth in the armored truck business, the company offers other solutions inter-connected with cash logistics. In a typical scenario, cash collected from a bank's vault is deposited in the vendor's highly secure vaults and used to replenish the bank's ATMs when required. This prevents the bank from using a vendor's money for ATMs and paying interest. If the bank's teams are using a smart safe solution, the money from that is transported to the vendor's vaults in California. With a long history of services provided to various BFSI companies, it's easy for them to trust cash logistics companies with their money.

Why is Outsourcing Cash Logistics in Northern California Better ROI?

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