If you currently have a currency discriminator but it’s not working like it should, you may need an upgrade. So how do you know when the right time to upgrade is?
It’s Too Slow
Speed is essential when you’re working in a fast-paced environment. From casinos to retail stores, you don’t have extra time to be waiting for your currency discriminator to sort through your bank notes.
If you’re feeling like your machine is running too slowly, trust your instincts. If your machine is unable to process upwards of 1,300 bills per minute, there are faster options available on the market that will be more beneficial to your business.
It’s Producing Inaccuracies
One of the primary reasons for incorporating cash management technology is to eliminate the risk of human error. If your currency discriminator is providing you with sorting and reporting inaccuracies or errors, it’s failing at its primary function. Upgrade your machine to a newer model to avoid this risk altogether.
While you might be pushing off the investment, you’ll cost yourself more money in the long run because of inaccuracies.
There Aren’t Enough Stackers
Depending on the number of bills your company accepts, and how many banknotes you’re sorting, your small single-output currency discriminator may not be able to keep up. This will slow down the sorting process and consume a significant amount of valuable time.
Instead of facing this problem day-in and day-out, you can simply upgrade your machine to one that has multiple stackers. No matter your input/output needs, you can find machines on the market with anywhere between two and 20 output stackers.
It Can Only Handle a Single Currency Type
If you’re accepting more than one type of currency at your establishment, the cash management process can get confusing and time-consuming quickly. Instead of having to go through the process of sorting each currency individually, why not acquire a machine that can run multiple currencies simultaneously?
Certain cash discriminators can run up to 10 different currencies, five of which can be processed in succession. If your current machine can’t process anywhere near this number, it’s time for an upgrade.
Jams Are a Regular Occurrence
There’s nothing worse than a currency discriminator jamming or misfeed errors on an outdated machine. Not only can it happen more frequently due to the wear and tear of daily use, but it can also result in a loss of data, requiring you to restart the sorting process for accurate results.
With new machines, you don’t have to worry about a loss of data thanks to highly developed intuitive interfaces that can easily provide user guidance to eliminate the jam or misfed notes.
It’s Not User-Friendly
There’s a fine line between functionality and user-friendly systems. Training new employees on your currency discriminator shouldn’t be difficult. There are user-friendly options available on the market right now that could be saving you from training headaches.
Invest in your company’s future with new cash management technology. Speak to a cash management solutions provider to find the currency discriminator that is right for your business operations.
