Four Challenges that Can Impact Your Working Capital - Brink's US

What Can Impact Working Capital?

Companies operate in all kinds of different ways, but most have one thing in common: they rely on working capital. If working capital amounts are too low, you could risk operations freezing up, but if they’re too high, you could miss out on growth. If your business is still managing cash manually, here are four challenges you might run into that could affect working capital.

1. Deposits made at the bank are dependent on business hours

Manual deposits made at the bank will usually only clear the next business day if they’re received before the end-of-day window cutoff. Cutoff hours vary from bank to bank. As a result, not making it to the bank on time can cause delays in accessing cash.

2. Bank deposit fees can drain margins

Everything comes with a price. For businesses, that includes deposits made at the bank. The more cash your business takes in, the more banking fees may erode margins and reduce the funds your business has available.

3. A single robbery can create a major funding shortfall

A robbery of your store’s safe — or of the employee transporting the money — could instantly wipe out more than a week’s worth of revenue. To cover expenses in such a short amount of time, you might be forced to pay fees to lenders.

4. Labor costs are getting pricey

The more tasks workers have on their plates, the more expensive it is for businesses. Many employees work late as they juggle their regular in-store duties with handling manual cash management tasks, like counting cash, dropping deposits off at the bank, and reconciling cash drawers.

Brink’s Complete can help ease working capital challenges

Brink’s Complete is an all-inclusive cash management solution that gives you easier, faster access to your working capital. It eliminates manual cash handling hassles with a smart safe, digital platform and cash pickup and customer care services.

After dropping your deposit into a Brink’s smart safe, you’ll receive next-business-day credit. There’s no trips to the bank. No deposit slips. And can even order change through the platform with no extra charge.

Brink’s Complete reduces bank deposit fees, saves time and reduces the threat of robbery, theft, and shrinkage.

Find out more about Brink's Complete and how it can help you better access working capital.