VeriBalance Platform

VeriBalance Platform, developed by Brink's Incorporated, is a cash management solution designed to assist businesses in efficiently managing their cash operations. This platform is intended for businesses of various sizes, ranging from small enterprises to large corporations. It caters to a range of professions and industries, including retailers, financial institutions, restaurants and hospitality businesses, convenience stores, and healthcare facilities. According to the vendor, VeriBalance Platform offers a variety of features and capabilities that enable businesses to optimize cash handling processes, improve cash flow management, and enhance overall financial control.

Key Features

Cash Visibility: According to the vendor, VeriBalance Platform provides real-time visibility into cash balances across multiple locations, allowing businesses to accurately track their cash positions.

Cash Forecasting: The vendor claims that VeriBalance Platform utilizes advanced algorithms and historical data to generate accurate cash forecasts, which can help optimize cash levels, reduce excess cash, and improve cash flow management.

Cash Ordering: VeriBalance Platform streamlines the cash ordering process by automating the generation and submission of cash orders to financial institutions, aiming to ensure businesses have the appropriate amount of cash on hand.

Cash Deposit Management: The vendor states that VeriBalance Platform simplifies the cash deposit process by automating reconciliation and providing detailed deposit reports, aiming to reduce the risk of errors and discrepancies.

Cash Flow Analytics: VeriBalance Platform offers comprehensive cash flow analytics, providing insights into cash usage, trends, and patterns, which the vendor claims can assist businesses in making data-driven decisions and optimizing cash flow.

Cash Loss Prevention: According to the vendor, VeriBalance Platform includes robust security features to prevent cash losses and minimize the risk of theft or fraud. It offers user access controls, audit trails, and real-time alerts for suspicious cash handling activities.

Cash Management Workflow Automation: VeriBalance Platform automates various cash management workflows, aiming to reduce manual tasks and improve operational efficiency in processes such as cash ordering, deposit reconciliation, and cash forecasting.

Cash Management Reporting: VeriBalance Platform offers a wide range of customizable reports for cash management analysis, aiming to provide businesses with valuable insights into their cash management practices.

Cash Management Integration: The vendor claims that VeriBalance Platform integrates seamlessly with other financial systems, allowing businesses to import and export data between platforms for centralized cash management and reporting.

Smart Safes for Retailers: VeriBalance Platform provides smart safes that automate cash handling processes, track and verify currency, and offer real-time visibility into cash deposits and withdrawals, aiming to improve efficiency and accuracy for retailers.