Shrinkage in retail is a massive problem with internal theft, shoplifting, administrative and supplier fraud costing retailers $123.4 billion globally - with the first two accounting for more than 75% of that total.

Faced with this staggering figure, it makes perfect sense for retailers to place shrinkage at the very top of their to-do list.

In simplest terms, a smart safe is a device that accepts, counts and validates bank notes - it will secure deposited cash until it is picked up by your Cash in Transit provider.

But there’s so much more to a smart safe - in this feature we take a look at what introducing one will do for your business.

For businesses that handle cash, there’s often a long list of to-do’s that come way before maintaining cash handling best practices - days can get really busy and it can fall to the end of the list.

While it can seem overwhelming, it’s important to remember that dealing with cash management is crucial for the success of your business.

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