For banks to keep a fleet of armored trucks can be an expensive proposition that will not have an adequate return on investment. Hiring staff for the additional operation will add to expenses for something that will not be necessary every day. Those financial institutes maintaining a team for cash logistics and other purposes are gradually handing the responsibility to a vendor. With their expertise and experience, they can suggest the appropriate solutions to companies looking for armored car services near them.
Highly modified trucks for cash logistics
The state of California is dotted with armored car companies near or inside every major city. These companies have a fleet of armored trucks and offer other related services, like ATM management, smart safes, vault management, etc. With armored trucks as their main source of income, they have state-of-the-art vehicles and trained guards to protect their payloads. Insurance is vital for the cash they transport and staff, which accompanies the cargo. Some of the important modifications made to the trucks are vertical panel protection, run-flat tires, bullet-resistant glass, roof protection, blast protection, and door overlap protection. The trucks have an enhanced suspension system to facilitate handling the additional weight of the modifications.
For security reasons, the financial institutes and banks try to keep armored truck visits to their premises at a minimum. Unlike about a decade ago, armored truck operations are limited with smaller quantities of cash for transportation as digital banking increases in popularity. It is one of the key reasons that outsourcing cash logistics to armored car companies near the bank or financial institute saves money. Without the burden of employing additional guards and renting parking space for the armored vehicles in the vicinity, many middle management staff can focus on their core activities.
Multi-tasking vendors
The cash from a BFSI is transported to a private vault belonging to the armored car services vendor. Some vendors use it to replenish the cash in the related ATMs. This solution cuts out the need for additional vendors to be involved for vaults or ATM management, thereby enhancing security. To prevent BFSI staff from paying regular visits to banks for depositing their company’s cash, a few armored car companies in California offer a smart safe service. It is an automated e-Deposit solution that sends an auto-populated message to the vendor when the smart safe’s cassette is full of cash deposited by employees. The solution cuts down the armored car company’s visits to about one or two in a week.
Assigning multiple services to an armored car company improves coordination and security by cutting out different vendors from getting involved. It also means one vendor is accountable for some services like replenishment of cash in ATMs and first-line maintenance. There is always a risk involved in transporting large amounts of banknotes by road, and the crew is carefully hand-picked with many veterans in the staff. With over thirty-five years in this line of business, the best vendor for armored car services in California has the optimal solutions for increasing ROI by negating unnecessary investments.armored car services near me
