The N3K cash vault: securing cash for retail businesses

2018-07-17 06:00
PHOTO: suppliedRichard Phillips, joint CEO of Cash Connect.

PHOTO: suppliedRichard Phillips, joint CEO of Cash Connect.

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BEING a retail business owner comes with many challenges and chief among these is keeping your cash safe. Cash Connect understands this and, as the leader in automated cash management and payment solutions, is doing its bit to support South Africa’s growing entrepreneurial SMME community.

An example of Cash Connect’s contribution to safer business is the N3K. This compact, under-counter vault is the ideal cash protection solution for fuel stations, fast food outlets, retail stores, building suppliers and wholesalers.

Richard Phillips, joint CEO of Cash Connect, explains that the rising cost of commercial property is changing the retail game. “Retailers have to display the most products in the least retail floor space to increase revenue. Consequently, less space is available for proper cash management systems.”

The N3K might be compact but, like all Cash Connect cash vaults, is built to SABS Category 4 standards. Additionally, it features a sliding drawer/door design for efficient use of under-counter and adjacent wall space. It can process up to 64 banknotes per minute and has the capacity to hold up to 3 000 banknotes.

Weighing around 600 kg, this vault can withstand the most aggressive of attacks. More importantly, the N3K is about more than safety.

“Our cash management solutions are designed to take businesses beyond safe by improving efficiencies and saving time and money,” said Phillips.

Two examples of this are improved cash flow as cash placed into the N3K reflects in your bank account on the same day that it is collected from the cash in transit service provider. You are also able to pay suppliers straight from the cash vault. The latter eliminates the need (and risk) to keep cash on-site for COD payments.

When you want more than safety, the N3K cash vault is the way to go. — Supplied.

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