Cash Management Tracking

Challenges

  • Current methods of tracking cash in retail environments invites theft of cash bags.
  • Key personnel are sometimes written up and/or terminated with little direct proof that they are
    responsible for missing cash.
  • Personnel terminated without hard proof of theft can result in expensive litigation.
  • No monitored chain of custody for the cash results in loss of cash without any recourse for the
    employer/business owner.

Solutions

From the cash register to the armored car to the bank vault

  • Cash is placed in a tagged, sealable plastic bag.
  • Tag is read and the cash amount is entered into the system.
  • Bags are dropped in the safe.
  • Motion detectors set off RFID readers and digital cameras which record which bag was dropped
    into the safe and who dropped it into the safe.
  • When armored car personnel remove bags from the safe, digital camera records who is
    removing the bags and the RFID reader reads their badge.
  • When the bags are dropped into the safe within the armored car, the personnel are again
    recorded along with each of the bags.
  • Armored car is outfitted with a GPS unit that tracks its route.
  • Bags and personnel are again recorded when the bags are dropped off at the bank.
  • Any deviation from the planned route results in alerts to the appropriate personnel.

Benefits

  • Cash tracked from the cash register to the bank vault with one individual responsible for the
    cash at every step in the process.
  • Digital cameras, motion detectors and RFID readers assure the fidelity of the system.
  • Missing cash can always be tracked to a single person.
  • Any deviation from the process can immediately be detected and tracked.