CorPoint® from Fiserv is a cash management and remote cash capture (smart safe) solution that automates cash handling to help reduce risk, reduce loss and increase profitability for retailers.
Simplify retail cash management with CorPoint
For retailers, cash management is often manual, time-consuming and difficult to reconcile. The risk of loss from internal and external theft cuts into already razor-thin margins and can compromise the safety of employees and customers.
CorPoint provides retailers with a better smart safe solution, including flexible hardware lease or purchase options and advanced business intelligence reporting capabilities. Cashiers safely deposit cash and coins into a smart safe device, which counts, validates and secures the cash to reduce manual handling, errors and risk of internal theft. Change orders can be made directly on the CorPoint web portal or by phone.
The smart safe system quickly detects and alerts management about unusual activity. This feature, combined with the ability to remotely manage safe configurations, can prevent losses and reduce costly on-site service calls.
Benefits of a smart safe system:
- Reduce staff labor: Eliminate hours of staff labor counting and prepping deposits
- Lower bank and transportation fees: Reduce excess bank fees on errors and discrepancies and cut down on armored car services
- Minimize store losses: Reduce shrinkage, liability and risks to employees and the store
- Streamline operations: Automate reconciliation and provisional credit posting to get instant access to funds
- Strengthen enterprise control and visibility: Centrally control and monitor store performance with custom analytics and online access to all locations
- Enterprise view of cash orders and deposits by cashier, till and denomination for all store locations on a single web-based platform
- Real-time fraud alerts on cash deposits and discrepancies
- Easily create and share reports with flexible business intelligence
- Electronic posting of daily cash deposits to bank systems facilitates same-day credit
- Place cash orders via web portal or automated phone system
- Centrally update common smart safe configurations with remote cash management capabilities to avoid on-site service calls
Intelligent retail cash management systems like CorPoint help retailers reduce cash loss from shrinkage, enhance security for employees and customers, and save money by automating the cash handling and reconciliation process.