Bank note recyclers reside on teller lines. They act not only as a security measure for teller transactions, but also for buy/sell transactions. But these two things aren't the only arguments in support of cash recycler costs.
Cash Recycler Tasks
With everyday use, cash recycler machines will do several things. Here's a short list of some of the tasks that a cash recycler will complete in a typical day:
- Accepting cash from tellers
- Sorting bills by value
- Counting total bills
- Verifying total amount counted
- Inspecting bills for counterfeit copies
- Storing bills for future transactions
Cash Recycler Costs
Cash recycler costs may seem like a burden at first, but it's truly a weight off of your shoulders and off of your tellers' shoulders. But you're probably still wondering how these machines can save money, especially when it comes to staffing.
When a cash recycler sits between tellers, it acts as a sort of vault, keeping money safe until it's needed for another transaction. In addition, it can be used by other tellers in the organization.
But the key to having this kind of efficiency is choosing the right cash recycler for your organization. All of the above tasks are meaningless if you choose a machine that doesn't fit the exact needs of your organization.
What’s Wrong with Traditional Cash Management Models?
Traditional cash management models require a high amount of float cash in-house, but the right machine can ensure that the normal risks involved with keeping a large amount of float in-house are eliminated. By nature, a cash recycler acts as a vault, keeping a low amount of float present and therefore keeping your business safe.
The Best Solution
If you're looking for more reasons to have a cash recycler on hand, staff efficiency is another one. Counting cash by hand is a time-consuming operation that often needs to be repeated two to three times to ensure accuracy. But with the advent of cash counting and cash recycling machines, much of the time wasted re-counting has been eliminated.
The solution is right in front of you, so don't hesitate to grab hold of it and use it to your advantage.
