The cash flows that SMEs and companies receive on a daily basis, which are particularly pronounced at this time in December, tend to remain outside the digitalization loop. This hinders their access to formal credit instruments and their participation in value chains.
In addition, the company’s competitiveness is often affected by the complexity of management Checkout. Counting, recounting, conducting cash counts, identifying shortages, and submitting collections to the bank are repetitive tasks that require time, divert attention from other important aspects of the business, and jeopardize staff safety.
Brinks transforms cash management through an innovative process with applied technology that enables it Cash digitization and acceleration the deadlines for accreditation. “It is the only company that has this functionality and this competitive sales,” he assured. Ezequiel SosaManaging Director of Brink’s Argentina and Chile.
It’s very simple: the dealer declares the deposited money the Brink’s APP and within 24 business hours the money will be credited to your bank account. Without having to leave the location or branch where the money is received, and within a maximum of one business day, this cash flow becomes digitized working capital that can be used to pay suppliers, services, etc.
The advantage is that the SME does not have to wait for the money to be transferred and deposited and for the bank to process the funds, but can already access its money digitally. This is a way to maintain cash flow even while the money is still being credited.
The installation of one fancy chest on the premises allows you to make deposits without having to travel. In addition, you can automatically count, validate and secure every ticket you receive. This device not only facilitates the transition from physical cash to digital accreditation, but also reduces the risk of errors and fraud.
Brink’s digital tools improve overview, security and efficiency in cash management:
● Instant traceability: Digital cash management involves full traceability of the flow of value: through an application that provides comprehensive visibility of money, the merchant can remotely monitor each transaction 24 hours a day, 7 days a week. In addition, you can check in real time whether the money has been deposited and when it will be credited.
● Detailed monitoring: Detailed monitoring allows you to observe transactions by employee and location, improving internal control and reducing losses. For customers with multiple branches, a single dashboard centralizes management and shows the cash flow of all branches at a glance.
● Simplified access management– Allows you to manage user permissions directly from the application, so that only authorized personnel intervene in cash management. Roles can also be assigned by function, making it easy to identify employees who performed deposits and other tasks.
- STEP 1: Deposit box: Brink’s is installing a smart chest in-store to store and protect cash. If the company has its own cash register, Brink’s only handles the cash digitization process.
- STEP 2: Cash digitization: The company reports the money deposited via the Brink’s app and receives it credited after 24 business hours.
- STEP 3: Distribution and processing: Brink’s collects the cash and transports it to its facilities, where it is counted and reconciled to reported balances.
“The Digitization of cash redefines the management of human and financial resources. These advances enable Simplify processes and ensure secure operations from any device. Transforming securities management impacts competitiveness and improves profitability through agility and transparency,” he said. Mercedes Michel Torinocommercial director of Brinks.
In Argentina, the physical insecurity associated with cash transfers represents the most visible danger. Any movement of securities may affect the integrity of the SME’s employees or owner.
Added to this vulnerability is the daily operational risk: this human error When counting, the receipt of counterfeit banknotes or the occurrence of unexplained shortages directly affects profitability. Manual control is reactive and error-proneThus, any mistake affects the business margin and leads to losses that are rarely recognized immediately.
The service “Brink is for you“has an additional level of protection since it safely transports the deposits, which are also insured against any incident. In this way, the customer’s attention can be focused on the development of his business without neglecting aspects of security.
“In Argentina we are seeing very solid growth driven by the expansion of DRS. More and more companies are adopting this solution to make their cash management more efficient and secure, and this allows us to accelerate our presence across the country. This progress confirms the potential of the Argentine market and our commitment to continue investing to offer more agile, technological solutions tailored to the needs of our customers,” he said. Soda.
Brinks operates in more than 50 countries and serves customers in approximately 100 different countries through an extensive network of approximately 1,100 locations and 16,000 vehicles. In the Argentinafor more than 25 years and with 17 branchesoffers, among other things, secure logistics and flow transport services.
According to the company, it has an after-sales and quality team that constantly monitors the satisfaction of its more than 1,200 customers. You can enter further information here.
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