Challenge

G&J Acquisitions owns and operates twenty-five separate gas stations and convenience stores throughout the state of California. The high volume of cash processed every day presented a safety liability and an operational inefficiency. A typical site manager at a G&J-owned location would be responsible for counting cash at least two or three times per day, and then they would drive to the bank to make a deposit. The whole process took anywhere from one to two hours per day, per site. In some cases, where one manager handled five locations, he/she would spend their entire morning running from site-to-site-to-bank. 

Solution

In 2006, G&J’s General Manager, Kyle Takaki, turned to Loomis to eliminate the liability that cash carries with it. “We chose Loomis’ SafePoint® Solution to automate all of our deposits making them more efficient and decrease the chances of money being stolen by managers and/or thieves,” commented Takaki. The SafePoint® solutions from Loomis are designed to save retailers time and money while enhancing the security of a store and its employees. SafePoint® eliminates 60% of the risk and labor associated with counting and handling cash manually. 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 more in one centralized. 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

Takaki explains how their cash intake has been improved since they upgraded in September of 2006. “Now our managers are spending less than 15 minutes a day making deposits.  We cut our managerial payroll by 50%, eliminating some ineffective managers while increasing the responsibility of our better managers.”

“The SafePoint® Solution has already paid for itself over and over again.  We used to have 1-2 counterfeit bills passed per month, now we’ve only processed one in two years.  Our banking fees are down about 50% as well and most importantly, there is no more missing funds from any of our locations.  It give G&J the much needed piece of mind as well as tangible reduction in cash transaction expenses,” said Takaki.

SafePoint solutions draw on Loomis’ extensive cash distribution network, including transport and processing capabilities, as well as the company’s innovative Senergy IT system. By integrating these capabilities with the right equipment, Loomis is able to offer customers like G&J Acquisitions total solutions that extend far beyond traditional armored car pick-up.