Cash Automation Machines: What Equipment Is Best for a Growing Business?

    Sep 25 2019

    Topics: Cash Automation Machines

    As a business owner, you know just how important it is to streamline processes. You want to lower overhead costs, increase productivity, and boost revenue.

    There are many different ways to achieve these goals, even if they seem like challenges. One avenue you’ve probably considered is adopting cash automation. You’ve reviewed your cash handling processes, and you can see the benefits of making the switch.

    The question on your mind now is which of the many models of cash automation machines would be the right fit for your growing business. You want to make the right investment to address your needs, and you know not every machine will provide what you’re looking for.

    This short guide will help you narrow the field.

    Cash Recyclers Are the Most Robust Solution

    If you’re looking for an all-encompassing solution for your growing business, a coin and banknote recycler might be the answer you’re looking for.

    These machines are the most robust cash automation solution available on the market right now. Not only do they store cash securely, they also count and sort it. Finally, once they’ve finished counting and sorting, they’re ready to dispense the cash again.

    This can save several steps in your cash handling processes. Your cashiers can make quick work of both preparing floats and making change. Deposits are also streamlined, and there’s no need for the cashier to spend time totalling everything up at the end of the shift or the end of the day.

    If your business is rapidly expanding and you handle large volumes of cash, this could be the right investment.

    Smart Safes Provide Peace of Mind

    If you’re not ready for a cash recycler, don’t worry. Many other cash automation machines are out there, and one of them is likely to be a good fit for your business.

    Take, for example, a smart safe. You likely have a safe in your cash office anyway, so this machine helps bring your equipment into the 21st century.

    With a smart safe, you get the intelligent security of the coin and banknote recycler for the back office. The safe securely stores your cash, as well as streamlining deposits. Some models even communicate with your bank, which helps keep a running tally of your working capital.

    With a smart safe, you can streamline bank deposits and CIT pickups, as well as help free your cash attendants from cash-handling duties.

    A Cash Counter Is a Simple Solution

    Perhaps your business isn’t quite ready for a smart safe or a cash recycler. You know you need help with cash management, but you’re looking for an economical solution to help you introduce cash automation to your business.

    A cash counter could be just what you’re looking for. These cash automation machines take over some vital tasks, helping you speed up your cash management activities and improve accuracy.

    A cash counter helps your team count cash more efficiently, and it makes fewer mistakes than a human being does. In turn, your team spends less time counting up tills and preparing deposits. They also don’t have to hunt down errors and spend time and effort resolving them.

    Most cash counters are economical in terms of pricing and space use. If you have a crowded office, a cash counter could fit in easily.

    A cash counter is also an excellent way to introduce cash automation to a business without overwhelming you. If your business is small but growing, or your team will need some time to adjust to automation, this might be the right solution for you.

    Start on the Road to Automation Now

    With so many different cash automation machines available, it’s easier than ever to adopt a solution for your business. Get in touch with the experts now and begin your journey to cash automation.

    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