There are several technologies which exercise great influence on the scalability of most cash in transit operations, and smart safes are one of them. The storage mechanisms for banknotes inside highly advanced smart safes can significantly affect any CIT jobs. At present, there exists three main methods which professionals carrying out cash in transit in Brisbane use to collect banknotes from these money storage solutions:
Extracting Loose Notes
Though this method has greatly gone out of fashion and not so commonly used nowadays, it is worth an explanation due to the fact that it was very popular even a few years ago. This method primarily involves falling of bank notes inside a plastic or canvas bag. It is now rarely utilised because of the physical space problems that the technique creates. The space required for organising cash can exceed capacity really quick.
This method serves as an alternative to the inefficient loose note collection. It makes use of plastic or metal cassettes that hold the banknotes. The use of cassettes has simplified back office cash in transit operations substantially. The only issue is that broken cassettes are a bit expensive to replace or fix. However, this problem can be solved by maintaining an inventory of spare cassettes.
Stacking bags can be regarded as a combination of loose notes extraction and cassette collection. However, there are no cassettes involved, rather inexpensive plastic bags. The banknotes are first arranged in a proper manner and then stacked inside these bags. Not only does this method remove the need for a spare cassette inventory, but also increase the efficiency of back office operations.
Among the above mentioned techniques of banknote collection for cash in transit operations, usage of stacking bags is far more money-saving than the others. According to research, it reduces the costs of counting cash for retailers by about 70 percent.
In the entire process, the overall scalability largely depends on how quickly the quantity of smart safes is increased. However, it also necessitates the consistency of cash centres in their number. This means that smart safes and cash centres cannot multiply simultaneously. While the former increases in number, the capacity of the latter must also hike up for accommodating them. This requires implementation of suitable strategies by firms providing cash in transit services, especially the ones who have been in the industry for a long time.