Greeniosk®, a combination of hardware and software is a cash and collections solution and is in essence a GRC (Governance, Risk Management and Compliance). This Greeniosk® GRC application provides a complete audit trail beginning with the client purchasing the product through the deposit at the bank.
The Governance segment ensures the proper tracking and reporting of payments on a client by client basis. The Risk Management segment enhances the process of dealing in a mostly cash business by removing cash handling by employees and by immediately depositing the cash into a kiosk that doubles as a cash safe. The Compliance segment produces daily, detailed reports on transactions.
These detailed reports comply with banking deposit regulations. Greeniosk® also produces detailed reports to support revenues reported to both state and federal agencies.