Challenge

Kwikee Mart is a chain of convenience stores located in San Jose, CA and the Napa Valley region. For smaller convenience stores like Kwikee Mart, it is important to find a solution that helps manage the company’s cash. When Satindar Dhillon, owner of Kwikee Mart, started planning for store expansion, he knew they would need a more secure tool for owners to transport money from the safe to the bank.  “Since our stores are located in different cities, it was imperative to find a solution that not only helps manage our cash flow but saves our employees and executives travel time between each store,” said Dhillon.

Solution

After researching various companies that offer cash management solutions, Kwikee Mart decided to move forward with the Loomis SafePoint® solution. After about a month, the SafePoint solution was fully implemented into Kwikee’s stores in northern California. “For smaller retail chains, there are obviously less employees and a higher level of risk when it comes to securing money,” said Mark Smolinski, Solution Integration Specialist for Loomis. “Therefore, it was important that we develop a system that would meet the specific cash management needs of Kwikee Mart’s store operations.” 

The SafePoint solution from Loomis is designed to save retailers time and money, while also enhancing the security of a store and its employees. SafePoint eliminates 60 percent of the risk and labor associated with counting and handling cash manually. More than just a safe, Loomis offers a number of integrated safe solutions designed to address the specific requirements of convenience stores, fast food restaurants, movie theaters or virtually any retail business. Retailers can choose from a basic solution focused on reducing risk, up to a full electronic cash management solution customized according to a company’s specific needs. Each of the options includes armored transportation, a safe, installation, maintenance and warranty, and designated levels of cash management services for one monthly price.

The SafePoint system also offers remote report capabilities, which affords the retailer the opportunity to review multiple store deposits and in one centralized location. This online option streamlines accounting procedures while offering an additional level of verification of daily receipts. Once retailers deposit currency and checks into a SafePoint safe, user information, including a time and date stamp is captured electronically. A receipt is printed with each deposit, and reports can be generated for all deposits at the end of each day.

Results

“Before SafePoint solution, our managers recounted money several times a day and brought cash to the bank about three times a week,” said Dhillon. “After implementing the Loomis SafePoint solution, it has cut our deposit preparation in half and offers a secure place to store our earnings.”