Cash Connect believes that the South African retail sector deserves to trade in a crime and risk-free environment. Our goal is to enable businesses to operate securely and efficiently. On average, there are 54 armed attacks daily against South African businesses. As a result the retail sector is searching for effective solutions to safeguard its earnings, customers and employees and save costs. That is the reality that inspires us at Cash Connect.
Established in 2006, Cash Connect’s specialist automated cash management solutions for retailers remove risk and maximise cash flow through swift settlements. Moreover our solutions have proven to lead the way in reducing the opportunity for criminal attack.
We offer businesses a range of cash vaults that are built to SABS category 4 standards. Our brand promise is ‘We take the risk’, from the moment you deposit your cash in our retail cash vaults (RCV), whilst in transit (CIT) and until it reflects in your bank account – we have you covered. It’s like we move the bank to you!
With Cash Connect, you can benefit from same day cash settlements, better cash flow, low cash deposit fees, reduced cash shrinkage and cut back on your back office administrative costs. You will save money on both in-store and cash-in-transit cash insurance costs and most of all you will have established a massive deterrent against armed robbery.
When you get stuck, we’re only a phone call away. We offer 24/7 telephonic support. You receive a dedicated Client Relations Executive (CRE). We also have a national footprint of over 100 onsite field technicians to assist you.
Our online client portal (Webflo) allows you to view your deposit, settlement and payment transactions (real-time) and you are able to stay connected to your cash, anywhere, anytime. You can opt to make use of our cash management SMS/Email notification services that will inform you when a bag closure occurs; when the CIT collection occurs; and when a cash settlement transaction occurs.
Over 90% of business robberies are done with insider participation and over 95% of robberies are perpetrated in order to steal the cash. According to SAPS statistics, there were 19 698 armed robberies against South African business in 2015/2016. In response to the fact that one in four businesses have a chance of being a target, many responsible retailers have introduced advanced technology, like Cash Connect’s cash management solution, to automate their management of cash and protect their stores.
Our clients’ businesses are distinguishable by being retail spaces where the staff and their customers are no longer intimidated by the fear of attack and where the focus of attention has shifted to improving the working and shopping experience in every way.
Cash Connect is one of the largest suppliers of cash to the banking system and boasts processing close on R40 Billion* cash a year that it manages on behalf of its diversified client base across the country.
It is an approved service provider to blue-chip companies such as Spar Group, Shell, Engen, Pick ‘n Pay and OK to name but a few.
You can rest assured that with our range of automated cash deposit machines, the Connectr 3000.u , Connectr 5000.s and Connectr 10000.s (device capacity of up to 10,000 notes and counting up to 300 notes per minute) drop safes and end-to-end cash management solutions, we will establish a trading environment in your store that is designed to deter & deflect armed robbers and defend your staff, customers and your business.
Cash Connect’s only objective is to reduce business crime. And, 10 years down the line, we have pioneered the drive to create a crime-free trading environment in South Africa.
For a quick description of industry related terms, go to our Glossary.
*2017 cash processing forecast.