Working with prominent retail chains in Indonesia, our retail industry partners have optimized business operations and provided convenience for millions of customers. Our retail partners have upgraded their payment needs to cater their unique business needs in order to better serve their consumer base.
Our retail partners optimized their payment reconciliation with an end-to-end Cash Management system that allows them to reduce time and manual work processing by implementing a tailored solution and reliable support from OY!.
Cash is still the preferred payment method for many retail customers. Some retail companies have multiple chains in Jabodetabek area and operate on a 24 hours basis daily, making it difficult for the employees to deposit cash outside of the bank's operational hours.
Retail business has to deal with the risk of fraud and security exposure. It was difficult to ensure cash security and fraud prevention while employing manual cash handling, especially when dealing with significant amounts of cash in multiple locations. This can quickly escalate into a situation prone to human error in cash handling and risk exposure during the commute to the bank.
As one of fintech players in the industry who provides Cash Deposit Machine (CDM) to ensure the highest level of security for our partner’s cash deposit process. As our installed CCTV machine is also picked up by PJPUR and licensed by Bank Indonesia, the benefits potentially reduces all cash exposure risks. With advanced security features and automated processes, our operational support is available 24/7 to ensure service excellence while the machine is insured and installed CCTV to reduce all cash exposure risk.
By utilizing the Cash Deposit Machine, businesses can eliminate the need for manual reconciliation while saving time and valuable resources. Businesses are able to settle accounts more swiftly, improving their overall business operational efficiency by accommodating faster cash reconciliation through our cash pickup delivery to registered bank accounts for every deposit.
By utilizing the Cash Deposit Machine, businesses can eliminate the need for manual reconciliation while saving time and valuable resources. Businesses are able to settle accounts more swiftly, improving their overall business operational efficiency by accommodating faster cash reconciliation through our cash pickup delivery to registered bank accounts for every deposit.
Without a reliable system in place, tracking and managing cash transactions across multiple outlets became a cumbersome task, leading the companies to potential financial losses as this could be a challenge for the finance team to monitor and manage the cash flow.
Having multiple outlets in various locations, retail businesses can opt-in for Cash Deposit Point. Cash Deposit Point enables employees from multiple retail chain outlets to deposit money to the nearest Cash Deposit Machine employed by the business. As this feature eliminates the hassle of transporting cash to external locations, it ensures the security of their funds while the business can monitor the visibility of money movement from every outlet to the head office team.