STRATEGIC PARTNERS
August 12, 2009
Retailers utilize varying methods to handle their cash. Retailers with multiple sales clerks and registers have cash rooms with employees dedicated to counting outgoing and incoming tills and preparing bank deposits. These employees may also reconcile cash balances with the POS system, or additional employees may be required for that process. Some retailers employ more than 8 people on a shift dedicated to the cash handling process in a single store. Typically, multiple people will count opening and closing tills, including the sales clerk and the cash room employee.
To date, the best solutions in the market consist of only note acceptors and recyclers. Notes are deposited into an acceptor, verified and accounted, and are prepared for pickup by an armored car service. A note recycler also verifies and accounts for notes deposited into the recycler, but the notes are also available to be re-dispensed for use in the store. The strongest argument for these systems is that notes can be quickly deposited and accounted for while also being stored in a secure area waiting to be sent to the bank or reused.
Download now to read more about these machines and the future of cash room automation...
