Advertise on Bizcommunity

Subscribe to industry newsletters

Cash logistics becomes fully automated

With South Africa predominantly a cash-driven country, cash logistics is without a doubt a main artery of our economy. Equally important, is having world-class solutions to track the cash, throughout the cash cycle.
Source: pixabay.com
Cash management company, Izicash announces its adoption of Transtrack, a software solution, supported by a South African company, AllCash, which streamlines the cash logistics process.

“Thanks to this investment in Transtrack, Izicash is now the only South African cash management company that uses Transtrack to manage the entire cash cycle - from cash supply, cash-in-transit (CIT) collections and deliveries, to cash processing and settlements,” says Albert Erasmus, CEO of Izicash.

Tracking cash in an end to end cycle improves efficiencies and optimises and streamlines every stage in the cash logistics process. An invaluable spin-off is that safety and security around cash handling is greatly enhanced, which provides retailers, their staff and their customers with peace of mind, in addition to the bottom-line benefits of world-class business practices.

Transtrack International is a Dutch software developer within the global cash industry, both for the services it provides and for its CashWebCommunity (CWC) modular software.

CWC’s local footprint is provided and managed by AllCash, a developer and manufacturer of cash management devices and protection products and is known for its range of electronic locks, cross-pavement carriers that are used by commercial banks, CIT service providers and security companies. AllCash is also the licensed manufacturer and service partner for PUDU, the armoured vehicle vault protection system that was developed by the Council for Scientific and Industrial Research (CSIR).
Get a daily news update via WhatsApp or sign up to our newsletters.
Comment
Mel Brandle
Aren't there so many digital solutions to physical cash? Why do we need to worry so much about physical cash logistics? At the end of the day we are only restricted by the vendors and retailers who do not accept the digital methods. Otherwise I think most people can happily survive without notes and coins in their wallet.
Posted on 30 Apr 2019 04:00

Related