Loomis Blog

6 Huge Benefits of Effective Cash-Handling

Mar 25, 2019

Retail remains a cash-intensive industry, and a robust cash-handling process is key for operators determined to stay competitive.

SafePoint, Cash Management, Retail, Convenience Store, QSR

Cash visibility in a data-driven world

Mar 11, 2019

For retail and other businesses that handle a high volume of cash, the key to success goes beyond just keeping that cash secure. More and more frequently, forward-thinking businesses are taking it a step further with automated cash-handling processes, utilizing data to gain complete visibility of their funds and real-time insights on how their business is performing. All of this can be achieved with the support of a robust reporting platform provided as part of a professional cash management program.

Retail, QSR, Technology, Cash Management

Four ways retail businesses benefit from daily provisional credit

Feb 26, 2019

In this article, we’ll discuss what provisional credit is, as well as the key benefits for retailers who utilize daily provisional credit as part of their business operations.

SafePoint, Cash Management, Retail, QSR, Convenience Store

How to stop theft from taking a bite out of QSR profits

Jan 28, 2019

With multiple touch points in cash-handling processes, quick-service restaurant businesses are leaving themselves vulnerable to internal and external loss and theft. The right cash management solutions should help close the loop, reduce risk, and save money.

SafePoint, Cash Management, Retail, QSR

Renew your focus on in-store security in 2019

Jan 1, 2019

There are several basic steps every business owner can take to protect themselves and their operation from shoplifting, robbery, and internal theft.

Retail, SafePoint, Security

Customer Spotlight: Summit Truck Group Reduces Risk of Robbery and Theft with Titan C Program

Dec 17, 2018

With 33 locations serving 28 markets across eight states, Summit Truck Group is the largest international truck dealer in North America, and also represents Kenworth, Volvo, Mack, and Isuzu commercial trucks, as well as Crane Carrier specialty vehicles.

Customer Spotlight, Cash Management, Retail, SafePoint

Why smart safe technology is a must-have for smart retailers

Dec 10, 2018

For retail operators, having more cash on hand comes with more responsibility. Effectively managing and processing that cash, especially if done manually, can create a lot of unnecessary stress for operators. More business owners are realizing that they’re putting a strain on valuable resources while still being unable to avoid the risks of shrinkage or inadequate security, and they’re looking for new cash-handling solutions to improve their bottom line.

Cash Management, SafePoint

Still servicing your own ATMs? Beware of these dangers.

Nov 26, 2018

In recent years, most financial institutions have shifted to using an armored carrier service to service and replenish their ATM machines. These businesses realize that the cost to outsource their ATM servicing needs to a professional cash management partner is well worth paying in comparison to the potential risks and loss of efficiency that come with handling this process on their own.

ATM, Banking, Financial

Three tips to ensure your in-store cash handling procedures are ready for the holiday rush

Nov 19, 2018

You work hard to grow and manage your business, and the holiday season is an opportunity to increase profits even more in a short amount of time. But, with increased transactions and more cash in the mix, the risk for losses due to internal or external theft or staff error increases, especially if you haven’t made the switch to automated in-store cash handling.

Cash Management, SafePoint, Retail

Guiding Your Clients to the Right Cash Management Solution

Nov 12, 2018

For commercial business clients who accept cash as a form of payment, the need for a more sophisticated approach to handling cash is paramount for maintaining profitability. Familiarizing yourself with what different services cash management providers are offering better positions you to help clients identify their points of need and improve their operations—and their bottom line.

Cash Management, Banking, Financial, SafePoint

Five ways your financial institution can benefit from outsourced cash management

Oct 18, 2018

There’s been a tremendous shift toward outsourced CMS, with community financial institutions opting to work with either a partner that specializes in cash handling or a correspondent bank.

SafePoint, Cash Management, Technology

Why it’s crucial to have a cash management partner with a strong business continuity plan

Sep 11, 2018

This time last year, businesses in Texas, Florida, and Puerto Rico were dealing with the aftermath of some of the most severe hurricanes this nation has ever seen. It may not be something that crosses your mind every day, but having a cash management partner with a solid emergency response/business continuity plan can make all the difference in helping your organization recover after a crisis.

Cash Management, Retail

Four ways businesses win with tech-driven cash management

Aug 20, 2018

Reliance on traditional cash-handling process can take a huge toll on business operations. Here are just a few of the ways a cohesive, modernized approach to cash management can help save time and money and turbocharge businesses.