The End-To-End Cash Management System Explained | Deposita

Deposita is a South African-based, class-leading cash and payment management firm. Our mission is simple: to protect people from the harmful and costly effects of currency across different sectors. By reducing temptation, handling, waste and human error, our devices and software allow your business to be more profitable, ultimately saving both time and money.

At first, an automated cash management system may seem exceedingly complex when, in actuality, it truly isn’t. This first video in our educational series serves as a basic overview of what the cash flow cycle entails and how Deposita products aid in streamlining every step.

HELPING YOU KEEP TRACK OF THE CASH FLOW CYCLE

We get it: as a business owner, you want to keep track of your business funds throughout every step of the cash management system. After all, money is the lifeblood of any enterprise.

At Deposita, we’ve dedicated more than the last decade to fine-tuning our first-class cash management devices and software. We did and continue to do so to ensure you, our valued customers, only enjoy the very best products on the market.

STEP 1: FEED MONEY INTO THE PROTECTOR OR EXCHANGOR

The cash flow cycle starts with you receiving money and completing a client’s transaction. Once you have their money in hand, feed it into either one of our Protector range cash deposit machines or an Exchangor range cash recycler.

Where a Protector automated banking machine counts and secures currency in record time and reduces overheads, our Exchangor cash recyclers fast-track checkouts, improving overall business efficiency.

Other Protector benefits include:

👉 Removes risks associated with cash skimming or pilferage
👉 Remote currency updates
👉 Tamper notification
👉 World-class performance and quality
👉 Need for less frequent cash-in-transit (CIT) collections

And additional Exchangor perks are:

👉 Increases customer satisfaction
👉 Offers enhanced cash management system control
👉 Reduces instances of human error and cash shortages
👉 Speeds up opening and closing financial administration (e.g. float management)
👉 Completes end-of-shift reporting with the push of a button

STEP 2: MONEY IS VALIDATED, COUNTED, AND SECURED WITHIN THE DEVICE

Once inside either device, the content is insured, and our Connector software tallies the value, crediting the deposited amount to your bank account.

Our Connector financial software as a service (or SaaS) platform facilitates transactions, reconciliations, and reporting – all whilst enabling remote hardware monitoring. These features help with informed decision-making, which benefits your business’s overall efficiency.

Think of our Connector software as a control tower: it provides an all-encompassing view of the cash management system from the moment funds enter the device until it reaches your bank account.

Our Connector family of SaaS tools consist of the following:

👉 Connector Report – Seamlessly accesses and communicates with any database, optimising time efficiency and tightly integrating secure reporting capabilities
👉 Connector Accept – Facilitates seamless payment processing for third parties, supporting a wide range of payment methods, including cash, cards, cheques, coins, vouchers, and NFCs
👉 Connector Vision – A robust platform offering comprehensive monitoring and management capabilities, ensuring real-time hardware status monitoring and analysis for increased uptime and maximum terminal availability
👉 Connector Collect – A fully automated and integrated cash management system that enables seamless cash and ATM processing, including automatic reconciliation of transactions through a three-way balancing model

STEP 3: CIT IS DISPATCHED, AND COLLECTION PERFORMED

CIT collections can either happen on set dates or be dynamically scheduled based on your device’s volume or content value.

STEP 4: THE CASH FLOW CYCLE COMES TO A CLOSE

Finally, CIT services transport your funds to the bank, completing the cash flow cycle and leaving it to happen all over again.

Subscribe to the Deposita YouTube channel for more educational explainer videos, the latest cash management system solutions, and beyond.

Get in touch today at [phone] or via our website if you found this content interesting and would like to find out which Deposita device would benefit your business.

Deposita. Do more with what’s yours.

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