Manually completing cash management processes can be time consuming and ineffective. The frustration is completely understandable! While manually completing cash management tasks may seem like it’s working, the risk of error and time spent is much higher, resulting in a negative impact to your bottom line. Thankfully, a bank note sorter can act as a solution to efficiently completing your cash counting and sorting processes.
Get to know how investing in a bank note sorter can relieve stress, reduce errors, and save time.
Here’s what you need to know about using bank note sorters and how they can provide some serious benefits to your business.
What Is a Bank Note Sorter?
Simply put, bank note sorters are used for sorting, bundling, and counting cash. These machines are primarily used in industries that handle large sums of cash, such as banks, casinos, large theme parks, and transit services.
However, there are different sizes offered for varying business needs—smaller machines are perfect for sitting beside tellers or cash registers. Easy to use and simple to understand, bank note sorters reduce the time spent processing cash, as well as the risk of errors that come with manually counting, sorting, and bundling cash.
How Do Bank Note Sorters Work?
Bank note sorters are easy to use for any business. Cash of any denomination is placed into the machine where it’s recognized, authenticated, and sorted according to your specifications.
Sorters have the ability to sort your cash in a number of ways, according to how you would like each process organized. For example, cash can be sorted by denomination (grouped by value), orientation (sorted to face the same way), or fitness (removing any damaged bills).
With varying sizes and abilities, machines are able to sort and process upwards of 720 notes per minute, stacking bills neatly into a number of note stackers. Up to 1,000 notes can be inputted, while the output stacks store up to 500 notes each.
Each machine is also equipped with a counterfeit detector: a vital step to ensure only valid bills are accepted. As counterfeiters constantly find new ways to create illegitimate bills, this feature will become increasingly important for your business.
How Do They Benefit Your Business?
Introducing bank note sorters to your business will provide you with many benefits you may not have considered.
Increased Productivity:
Processing cash takes time, especially if you’re doing so manually. Working with a bank note sorter greatly reduces the amount of time spent processing cash, allowing your employees to shift their focus to more productive and beneficial tasks, such as working more closely with customers or increasing sales.
Increased Efficiency:
Unfortunately, manually handling cash leaves room for human error. While it’s in no way intentional, mistakes can be made that have impacts on your bottom line. Investing in a bank note sorter ensures cash is counted effectively and efficiently, meaning the numbers are always right. With employees able to process cash faster, you’ll also be able to efficiently serve your customers—creating a more positive experience and greater sales.
Increased Security:
Approximately 40 percent of all retail transactions in Canada involve cash. As technology advances, it’s becoming increasingly difficult to detect counterfeit bills with the human eye alone. Meanwhile, the repercussions on your business remain detrimental. Bank note sorters ensure your business accepts only legitimate bills, protecting your bottom line.