Cash Management

Keeping cash in the till
Over 35 percent of employee theft happens at the till. Tighter controls around cash and payments, along with integrated analysis of transaction and inventory information, can keep these forms of shrink to a minimum. RedPrairie’s Cash Management provides these controls and timely analysis to help you keep your hard-earned cash in the till.

Thieves in the house
Don’t let unscrupulous employees undue the results of your hard work by draining the till and your bank account.

Smart retailers know accurately tracking and managing cash at all times should be a critical component of each site managers’ daily activities. RedPrairie provides closed-loop cash management capabilities that help managers track cash from the time it enters the store until it is safely deposited at the bank.

Site managers can review transactions, including “red flag” activity by employees, as well as assess performance and note areas for counseling, additional training or other actions. This enables managers to quickly identify cash shrinkage hot spots and take immediate action to minimize theft and fraud.

RedPrairie's cash management enables site managers to:

• Reduce employee shrink and theft - Cash is tracked to the server / cashier level, improving accountability at vulnerable points in the cash flow process
• Track cash until it enters the bank - Closed-loop cash management ensures tight control at every level—server / cashier, safe, manager and deposit
• Improve visibility into server / cashier activity - Manage your servers / cashiers on an exception basis, using alerts to notify managers of excessive voids, cancels, coupons, etc.

You’ve worked hard for the revenue coming into your stores. RedPrairie Cash Management can help ensure it flows safely into your bank account.