Chick-fil-A tests cash-counting 'smart' safe

Nation's Restaurant News,  Nov 5, 2007  

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ATLANTA -- Chick-fil-A said it is testing a "smart" safe that automatically tabulates units' cash and credits the amounts to the quick-service chain's bank account.

"Receiving credit for funds that are physically in the store gives us better visibility into our cash position enterprisewide 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 improving safety of store employees, since workers would not have to make runs to the bank, and minimizing the amount of time that staffer members devote to counting cash from the day's transactions.

The system is provided by Charlotte, N.C.-based Bank of America.

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