Across this network of over 3500 retailers , payments for deliveries are almost exclusively received in cash. Every single bill of currency then must be counted, sorted, accounted for and then finally deposited into bank accounts during banking hours - imposing very substantial direct and indirect costs on the business.
Loop activated two Cash Deposit Machines within Unified’s warehouses in Lahore and Islamabad which automated cash handling and provided real-time tracking.
Unified uses Loop Machines and the Loop platform to completely automate and digitize cash payments at the point of aggregation. This pushes the digitisation of all cash and cash ops down to collection agents, ensuring real-time accountability and observability.
Unified scaled up across 100% of their warehouse locations, within 15 days of their first operations with Loop.
Realtime digitisation reconciliation and settlements enhanced visibility and limited the need for daily working capital by 20%.
With Loop's digitisation and cash handling services, the business takes better decisions for payments and investment.