3 Reasons Why Your Company Needs a Currency Discriminator

    Jun 03 2015

    Topics: Currency Discriminator

    A currency discriminator is a small but incredibly useful cash management solution that your company can benefit from. We’re sure of it. If you deal in cash, your company needs one. You might not imagine a currency discriminator could bring so much relief to your company—but its ability to simplify a time-consuming, risky, and often error-riddled administrative task can significantly streamline your backroom cash handling processes. And who doesn’t want to eliminate these hassles?

    Big and small companies, in any industry, can benefit from reducing the burdens associated with manually sorting and counting currency if handling cash is a big part of their business operations. Still not convinced your company could benefit from one? Here are just three reasons why your company needs a note sorter.

    1. You get to save money—in many ways.

    What company owner doesn’t want to save money? With a small investment in a currency discriminator, you can save a considerable amount of money in the end. Because discriminators can speed up the process of handling cash from hours every day to just minutes, you can send your employees home earlier, and thus reduce your labour costs.

    And what about the money you lose from human error? When your employees are counting and sorting your cash manually, you put yourself at an increased risk of discrepancies. Your employees are human—they make mistakes. But you shouldn’t have to lose out because of this fact. Not only do your employees then have to spend more time trying to fix the errors, but money can also go missing and get misplaced—and that’s cash out of your pocket.

    2. You can eliminate the risk of fraud and theft.

    The risk of fraud and theft is real for any company that deals in cash. Given the opportunity, dishonest employees will steal from you if you make it easy enough for them not to be caught. And customers may be purposely or unwittingly passing counterfeit bills. But you don’t have to be vulnerable to these risks. Your currency discriminator can easily detect counterfeit bills thanks to up-to-date counterfeit detection technology. Moreover, when you let the machines handle your cash, you take the opportunity away from your employees to be alone with your money so they’re not as tempted to steal from you.

    3. You can reduce discrepancies and errors.

    When you let a currency discriminator do the work for you, you know you can depend on reliable counts each time. These machines are error-proof so you can increase accuracy and reduce discrepancies caused by human error. Cash counting errors can take up a significant amount of time, mess up your books with mismatched totals, and cause stress and frustration. Accuracy is key when it comes to counting money. If you can’t rely on your employees to count your money accurately, investing in a currency discriminator could be the best thing you do for your business.

    Invest in Your Business

    When you buy a currency discriminator, you’re investing in your business. You not only get to save money, reduce your risk of fraud and theft, and increase accuracy, but you also get the peace of mind knowing that your cash management process is as streamlined as possible. You’re helping your business. Plus, there’s a model that’s right for you—currency discriminators come in a variety of sizes, at varying prices for your budget, and with different features that you can choose from depending on your unique business needs. It’s time to invest.

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    Andrea Lombardi

    Andrea Lombardi

    Andrea joined the CashTech team upon its inception in 2003. Learning the business from the ground up, she now utilizes her expertise in account management, planning, and negotiation while managing the daily operations of CashTech’s sales, marketing, and logistics departments. Andrea holds a bachelor’s degree from the University of Western Ontario. She enjoys travelling and has a passion for personal fitness, including obtaining her kettlebell certification. Andrea lives in Toronto with her husband and two young sons.

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    CashTech Currency Products Inc.
    1040 Cardiff Boulevard
    Mississauga ON, L5S 1P3

    905.696.0733