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What is Cash Management Costs in Retail about?

This document discusses the costs incurred by different retail functions - Operations, Treasury/Finance, and Loss Prevention - when managing cash using traditional envelope drop and till sweep methods. For Operations, these costs include labor for cashiers and managers to prepare deposits, count cash, and transport deposits to the bank. Treasury/Finance incurs bank account fees and deposit processing fees. Loss Prevention faces risks of cash being lost or stolen during transport.

Author

Jamey DAVIDSON

Language

EN