Avivatech LLC, a software business specializing in cash and check automation solutions, has officially launched its Cash Optimization Program. This comprehensive platform integrates hardware, software, and services to transform how businesses, particularly retailers, manage their cash.
Businesses utilizing the Cash Optimization Program can anticipate benefits such as increased productivity, reduced cash loss, streamlined reconciliation and reporting, and accelerated access to working capital. The nationwide program is tailored for retailers and other businesses with an average of over $1,200 in daily cash receipts, delivering smart safe technology, modern cash optimization software, and armored transport services. These components are designed to simplify cash handling, strengthen oversight, and enable same-day provisional credit for on-site secured deposits.
Joe Alexandre, vice president of product operations at Avivatech, stated that the program “removes the barriers to modern cash operations for retailers and other businesses averaging more than $1,200 in daily cash receipts.” He added that by acting as “a single point of accountability coordinating third-party relationships and agreements, the Cash Optimization Program closes the loop on inefficient workflows that inject costs and risks throughout the cash ecosystem. As a result, retailers have easy access to the resources that keep their cash cycles running efficiently every day.”
The program operates on a modular, subscription, and fee-based model, encompassing several key components for touchless, intelligent cash management:
Advanced smart safe technology: The program incorporates smart safes from Cennox, automating in-store cash handling activities to enhance accuracy in counts and balancing, improve counterfeit detection, and boost labor productivity.
Expert cash logistics: Precise cash-in-transit services are aligned with customer cash needs, aiming to reduce bank trips, service fees, bank fees, and insurance costs.
Enterprise cash visibility and control: The XpressControl® software serves as a web-based transaction monitoring and command center. It integrates with smart safes to offer real-time views of cash transactions, automated cash balancing, actionable insights through dashboards and comprehensive reporting, centralized control of smart safes, and the initiation of change orders.
Improved cash flow with provisional credit: Avivatech has partnered with a financial institution to provide daily credit for validated funds to clients’ bank accounts each business day, facilitating faster access to working capital and enhancing operational efficiency.
Implementation, training, and support: Avivatech has established a turn-key service-delivery network to provide comprehensive support throughout the customer lifecycle.
Alexandre emphasized the role of the XpressControl software, calling it “the central nervous system of the Cash Optimization Program,” and stating it is “integral to transforming fragmented cash operations into tightly connected and efficient data-driven ecosystems.”
Avivatech, headquartered in Alpharetta, Ga., is a standalone subsidiary of Digital Check Corp. and specializes in transaction automation software. The company was formed from the software groups of Digital Check Corp. and Benchmark Technology Group, Inc., bringing expertise in cash and check automation workflows. Avivatech has a history of leveraging automation to transform cash operations for diverse retail segments, including grocery, big-box home improvement, casinos, and government entities.
Jeff Hempker, president of Avivatech, noted, “Our Cash Optimization Program is redefining what’s possible with cash automation. Now, any cash-intensive business can achieve the frictionless cash cycles it needs to optimize in-store cash operations and maintain profitability.”
The Cash Optimization Program is available directly from Avivatech, as well as through financial institutions and the company’s reseller program.
Hampton Hale, vice president of business development and marketing, commented on the strategy, stating, “We are leveraging our reseller channel to meet the strong market need for advanced cash services and solutions. Technology providers and service partners can start solving their customers’ cash challenges with our comprehensive, ready-to-deploy solution.”
