3 Ways to combat shrinkage

FOR LOSS PREVENTION OFFICERS

The reason for shrinkage can be complex and result in one of the biggest cost for organisations that handle cash.

$132 billion

in retail shrinkage is projected globally in 2024

There are three important ways organisations can get a grip of shrinkage and make accepting cash more efficient.

Source: rtfglobal

1. TRAIN YOUR EMPLOYEES

Make sure your team is aligned on how they handle cash, and all related processes.

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audit regulary icon

2. AUDIT REGULARLY

Things change in your business, but has your security kept pace? Make sure surveillance cameras are still in the right places and access controls are up to date.

3. TAKE ON THE TECH

These tech tools can help you combat cash shrinkage.

SMART SAFES

Ground-breaking cash security solution equipped with advanced tech features like bill validation, tamper detection, and secure data storage.

CASH MANAGEMENT SOFTWARE

Accurately tracks cash flow, facilitates reconciliation, and ensures real-time reports.

CASH RECYCLERS

Validates and securely stores cash with the ability to recycle it for future transactions.

SMART SAFES

Ground-breaking cash security solution equipped with advanced tech features like bill validation, tamper detection, and secure data storage.

CASH MANAGEMENT SOFTWARE

Accurately tracks cash flow, facilitates reconciliation, and ensures real-time reports.

CASH RECYCLERS

Validates and securely stores cash with the ability to recycle it for future transactions.

20% of the value of cash is lost by organisations  where it’s touched  by 3-5 people.

It’s time for CashTech.

BRINGING DIGITAL PRECISION TO CASH

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