Many businesses depend on accurate attention to making change and and ensuring the authenticity of paper currency and checks. And while the science of making accurate change seems to be a lost skill, many merchants rely on the foolproof method of using coin sorter counters and scanners for business as part of their improved retail enterprise management systems.
The decision to switch to coin sorter counter machines and other resources like counterfeit bill detector machines help businesses provide a successful environment for both employees and customers. A machine that uses technology to enable recycling coins can also provide many other benefits.
Retail Cash Management Systems Provide a More Accurate, Safe, and Efficient Work Setting
The stress of having employees deal with cash and coins often leads to inaccuracies. Instead, more and more businesses are looking for an automated method that provides accuracy, as well as efficiency and security.
- The one-dollar bill accounts for 48% of the paper bills printed by the U.S. Bureau of Engraving and Printing.
- Having a check scanner on site also allows businesses to scan and electronically deposit checks throughout the day.
- Eliminating the coin and cash counting process for your workers by using a coin sorter counter provides an opportunity for these employees to spend more time focusing on customer service.
- Retail stores can lose major profits if change is made incorrectly or if an employee accepts a counterfeit bill.
- Indicators are that one of the top reasons businesses and companies use money counters is because of the amount of time it saves them.
- Getting to know your customers is not always easy, but it is a proven strategy for successful businesses. Automated change machines free employees to make important customer connections.
- History indicates that when the Secret Service was founded on July 5, 1865, its primary task was to strengthen the fight against counterfeiting problem.
- The average dollar bill only lasts 18 months before it wears out.
- Change counting is a skill that fewer and fewer people have as more and more people switch to using credit and debit cards instead of cash.
- High quality scanners help your employers authenticate both paper currency and checks.
- A currency-counting machine is a machine that counts money, either loose collections of coins or stacks of banknotes.
- Notes counted by hand is time consuming. In fact, the process is often usually carried out two or three times to make sure the numbers are correct, and to attempt any margin for human error.
- Given the small margin of profit that some retailers have, few businesses can weather constant errors in wrong change making.
- Electronic counters able to count batches of notes or coins without having to process them individually were introduced in Great Britain in the year 1980 and have improved to the point of allowing a business to maintain 100% accuracy for cash transactions.