How to Sort Money Accurately, Every Time

    Nov 11 2016

    Topics: cash management


    Counting and sorting money can be a frustrating process. The likelihood of errors and the time it takes to accurately sort each type of bill can leave you desperate for a solution. It is well worth your while to research and invest in cash management solutions to take your cash sorting process from elephantine to efficient. Sorting money does not have to take up valuable labour time or cause any grief due to inaccuracies if you are acquainted with how to sort money in an accurate way, every single time you process cash.

    Automated cash solutions are available to help you streamline your cash management processes. Counting and sorting can take up huge amounts of time, regardless of whether or not you handle small or large amounts of cash. Here is what you need to know about how to sort money quickly and with precision.

    Know What You Need

    Investing in cash management solutions without doing any research may result in purchasing technology that is not suitable for the needs of your business. It is important to determine exactly what you need so that you can invest in technology that will deliver the best results for your business. When it comes to currency sorters, the primary thing to consider is the volume of money that your company handles on a daily basis. Cash automation technology works at varying speeds depending on its specifications. Consider your needs and then do your research before taking the plunge!

    Here are two different technologies that have money sorting capabilities, allowing you to sort money quickly and with complete accuracy.

    Currency Counters

    For businesses that handle low to moderate volumes of cash, a currency counter can take care of any counting and sorting tasks that you may require. Currency counters remove the hassle out of manually completing your cash management process and can lead to improved cash flow.

    Currency counters have many benefits that will streamline your cash handling: 

    • They will increase the efficiency of your business by counting, sorting, and tallying the value of the cash that you need to count.
    • Along with increasing efficiency, currency counters will reduce labour costs as your cash management process will take less time. You can then re-allocate that labour power into growing your business.
    • Currency counters eliminate errors that go along with manual cash handling. They guarantee a level of accuracy that manual cash handling simply cannot.
    • Using a currency counter can also protect your business from counterfeit fraud, as some models include counterfeit detection technology.

     

    Invest in a currency counter that will meet your needs. Some things to look out for are the speed of counting and types of currency accepted by the counter. Taking care to find a counter that will directly meet your needs will ensure that you can reap the rewards of investing in automated cash management technology.

    Banknote Sorters

    For businesses that handle large volumes of cash, investing in a banknote sorter may be the best route. Banknote sorters are particularly effective for businesses like casinos, armored cash-in-transit services, and the banking industry. Banknote sorters are capable of continuously authenticating, counting, and sorting large volumes of cash. Banknote sorters can work on paper and polymer bills, and can handle fresh and wrinkled bills alike. They are adaptable to your needs and can be tailored to complete tasks that are specific to your business, such as sorting by denomination, fitness, or orientation.Sorting cash does not have to be a headache for your business when using efficient and reliable technology. Investing in a banknote sorter is a huge timesaver for industries that handle large amounts of cash and can improve the security of your business operations.

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

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