ATLANTA Chick-fil-A said it is testing a “smart” safe that automatically tabulates units’ cash and credits the amounts to the chain’s bank account.
“Receiving credit for funds that are physically in the store gives us better visibility into our cash position enterprise-wide and quicker access to capital," said Phillip Barrett, vice president and controller for the 1,300-unit, Atlanta-based chicken chain. He also noted the system's "potential to improve our cash management."
Store operator Terry Shelton said the system has the added advantages of boosting employee safety, since they would not have to make runs to the bank, and minimizing the amount of time that staffers devote to counting cash.
The system is provided by Bank of America of Charlotte, N.C.
