3 Things You Need to Know about Cash Recyclers

    Feb 13 2015

    Topics: Cash Recyclers

    Cash recyclers are complex machines that are revolutionizing the way banks, retail stores, credit unions, and other businesses that deal with large volumes of cash handle the money coming through their registers. Recyclers accept, dispense, sort, and store cash quickly and accurately, and safely. Automating your cash cycle can make the process more cost-effective and efficient, and the way to do so is to invest in a cash recycler. The investment will be well worth all of the benefits you will receive. Here are three things you need to know about currency recyclers.

    1. Gain Time

    With the help of cash recyclers, your customer service representatives will have far more time to dedicate to their clients. They’ll be able to build long-lasting, loyal relationships with the people who come into your business. They won’t be slowing down the line by having to go retrieve bills or deposit payments. While the machine is doing all the work, the CSR will have more time to identify customer needs and offer them solutions. Additionally, cash reconciliation at the end of shifts has never been easier: because currency recyclers sort bills into denominations and count bills as they are being inserted, your CSRs will spend less time sorting and counting their floats at the end of the night.

    Recyclers work quickly to receive and dispense cash, so your CSRs are never distracted by counting or managing cash when they should be focusing on their customers. This means that your customers won’t have to wait in long lines during the cash handling process. Customer satisfaction and loyalty will rise when transactions are processed quickly and efficiently. Everyone will gain a little bit of extra time when you implement cash recyclers.

    2. Increase Security

    When you implement cash recyclers into your business, you’ll see a reduced risk of robbery and increased security. Many businesses even use the recyclers as vaults to keep their cash safe. Since only authorized users can control them, everyone else only has restricted access, which reduces the chance of internal theft and robbery. Some recyclers even have silent alarm triggers and specified hot-keys that, when pressed, lock down the units. Additionally, recyclers come with built-in counterfeit bill detectors that will alert you to any fraudulent bills being processed. When it comes to managing and holding hard currency, security is vital, and cash recyclers can protect your money.

    3. Increase Accuracy

    When it comes to manually sorting and counting large volumes of money, it’s easy to make errors. Numbers can be transposed during reporting, bills can stick to each other, miscounts can occur, and myriad other errors can happen. That’s why automating your cash handling process is so important—it can minimize the risk of inaccurate counts. Cash recyclers are guaranteed to accurately sort, count, and report all of the bills that are processed, every time. There’s no room for human error when it comes to automated cash handling, so you know that every dollar is accounted for.

    Every Step of the Way

    Currency recyclers are helping businesses become more efficient, safe, and accurate with their cash handling procedures. They sort, count, and dispense bills with total reliability and speed, so your CSRs can focus more time on their customers. With currency recyclers, you’ll breathe easy knowing that your money is properly handled every step of the way.

    How to Improve Your Business With An Automated Cash

    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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