3 Undeniable Advantages of Currency Counters for Businesses (Updated 2019)

    Apr 03 2015

    Topics: Currency Counter

    Does your business still rely on counting by hand to keep track of how much money it has?

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    If so, it might be time for a change. As issues like counting errors, lost productivity time and counterfeiting continue to plague businesses across Canada, an increasing number of enterprises are seeking out the help of cash management solutions like coin sorters and currency counters. These machines, first introduced in Great Britain in 1980, are a necessity for any business looking to become more efficient and less prone to error in its finances.

    Is your business missing out on all the advantages that coin sorters and cash management solutions have to offer? Here are the three biggest reasons why coin and bill counters are the right choice for every business:

    Currency counter machines save time.

    Counting money by hand takes time -- and lots of it. In order to be sure an error wasn't made, it's often necessary to count the money two or three times, wasting time and money and compromising worker productivity. In contrast, a currency counting machine requires mere seconds to count hundreds of bills, allowing your workers to spend their time at work attending to more important duties that enhance your business.

    Currency counters are accurate.

    The probability for human error is incredibly high while counting currency by hand, especially when counting large quantities of coins or bills. With coin sorters and currency counters, you can be assured that you will receive 100% accurate results in all its cash transactions.

    Currency counters are secure.

    Did you know that counterfeiting has been a pervasive, prevalent crime since the 1800s? During this time, banks would issue their own currency, making it much easier for people to replicate their own counterfeit currency. Today, counterfeiting remains a serious problem. The new polymer bills are no exception. Cash and coin counters today use technology like metallic alloy detection, ultraviolet reflection, magnetic thread and infrared spectrum analysis to immediately detect any counterfeit coins or bills.

    Have any other questions or thoughts for us about cash management solutions? Let us know what's on your mind by leaving a comment below. 

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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