Credit Union Cash Management Software
By shifting focus from cash and automating the routine activities of tellers, your credit union will be able to hire a different kind of employee — one whose skills are better suited to customer service and cross-selling. A lot of time is spent each day making sure that teller drawers are in balance and that cash is accounted for both physically and electronically. Sharetec’s Cash Management streamlines both vault cash and teller cash.
Teller Cash Inventory
"Balanced to the Penny" is a cliché that many cannot truly appreciate until they have been a teller for a day. Handling cash and coin throughout the day as it is exchanged between tellers and members requires 100% accuracy and nothing less. Balancing cash at day end is the most tedious transaction for your tellers and it their single largest headache when out of balance. Teller Cash Inventory makes balancing easier for your tellers because it keeps a detailed record of exactly what cash and coin was exchanged between your member and teller and the exact denominations. When your teller is out of balance, they will know the exact denomination they are looking for when balancing.
Vault Balancing
Keeping your vault balanced can be a challenging task, especially when cash is being transferred to and from tellers and branch locations. Unless you are unique, you are most likely relying on a manual ledger that is kept in the vault where an employee must manually enter the amounts transferred in and out of the vault - the same entries that are subsequently entered into a general ledger system. Sharetec’s Vault Balancing automatically updates your teller drawers and the vault balance when cash is moved. You will know the exact denominations that are in both your teller drawers and vault, and any cash that is in transit between your branches or corporate credit union.
- Teller Workspace
- Lending Workspace
- Accounting Workspace
- Back Office Workspace
- Reporting Workspace
