Is profit still king? Often more important than a shareholder dividend, is the experience stakeholders have with the company itself. Whether you operate a retail store or a bank, how you treat people and the planet makes a difference.
There’s a popular concept gaining traction with many companies—the Triple Bottom Line approach (John Elkington 1994). It’s essentially a framework that incorporates three performance indicators into your corporate accounting framework: social, environmental, and financial. So, how can cash management support your business in achieving success using these measurements?
Focusing on People.
Employees can confidently and efficiently manage cash transactions allowing them to better focus on customers. This results in a customer base that is happier with their positive experiences with your company—spreading the word to others.
Easing the Impact on the Planet.
Cash automation products reduce the environmental impact of frequent armored cash deliveries, reducing your carbon footprint. As an added bonus, these secure devices create a safer working environment for your employees and cash assets.
Being Profitable.
Your customer expects social responsibility, but you also need to be profitable. Part of the underlying story behind the Triple Bottom Line approach is that you become more profitable by being more socially responsible. By focusing on both people and the planet, you have more control of your cash inventory at each location and you empower employees to have more opportunities to present your products and services to customers.