It takes money to make money. This old adage certainly holds true for businesses that process cash transactions. Cash costs U.S. businesses $55 billion yearly. While most of that is due to theft, the figure also includes time spent on processing, counting and transporting bills and coins.
Some cash-related costs are inevitable, however technology can substantially reduce those expenses and improve operational performance. Intelligent cash drawers integrated with POS systems save businesses substantial amounts of money through automatic reconciliation. That means no more manual cash counts. Instead, you get reliable, accurate data on the cash sums contained in tills at all times.
The SMARTtill® Cash Management Solution delivers quick ROI and reduces cash losses by up to 90%. That’s what the SMARTtill® Solution delivers. The SMARTtill® Technology works in real time, taking only a few seconds to determine new amounts inside the till following a transaction and alerting management whenever a discrepancy occurs. This intelligent approach to cash handling puts an end to lengthy cash reconciliation, downtime at POS terminal stations to count bills and coins, and end-of-shift counts. Cash losses are minimized, while efficiency, cashier accountability and customer service improve.
Businesses that deploy the SMARTtill® Solution experience cash loss reductions between 70% and 80% and up to 90% and get a return on investment (ROI) in 9 to 20 months.
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