What Are the Benefits of Banknote Sorters?

    Dec 02 2016

    Topics: Cash Handling

    It’s easy for businesses that handle large amounts of cash to get bogged down with cash handling procedures. Manual cash handling for businesses such as casinos, banks, and cash-in-transit services is simply not feasible when you consider the volume of cash they process. Banknote sorters are designed to process large amounts of cash for sorting and banknote bundling. They allow businesses to operate as efficiently as possible so that they can focus on provide the best service as possible.

    If you are considering making the investment, here are the benefits of banknote sorters and how investing in cash management technology can streamline how your company does business.

    Where Do I Start?

    For businesses that frequently receive and process a lot of cash, sorters provide an excellent solution to improve their day-to-day operations. In order to invest in the right sorter for your business, you will need to consider the following needs of your business: 

    • How much cash you process each day. Banknote sorters are designed to process large volumes of cash for businesses that accept or dispense high amounts of cash each day
    • What types of bills you will need to sort. Each sorter is compatible with certain types of currency. For example, new polymer currency in Canada is not universally accepted by banknote sorters. It is well worth your while to do your research before making a commitment to investing in specific technology.
    • Other features that your business will need to use. For instance, if your business needs extra security to protect against counterfeit fraud, you will want to ensure that any banknote sorter you purchase has counterfeit detection technology. You will want to be sure that any technology you invest in is able to support the specific needs of your business.

    Banknote sorters are designed to cater to your needs; be sure to do your research before making an investment so that you are making the right purchase for your business.

    Cash Recycling

    When your business depends on quickly processing cash, you need to make sure that your technology is up to the task. Cash recycling ensures that your cash can be processed in a timely manner. Banknote sorters categorize and sort cash so that you can recycle cash throughout your business. By accepting and processing cash so that it is ready to circulate back into your business as quickly as possible, they work to keep your cash management process as efficient as possible. They work to ensure that cash is ready to go as soon as possible. This helps your business maintain cash flow and reduce the labour costs that occur when cash is processed manually.

    Increased Efficiency

    With your counting and sorting needs taken care of, banknote sorters naturally increase the efficiency of the daily operations of your business. By reducing the amount of time that your staff must spend on cash management, they can focus their energy on sales and customer service. Having an efficient cash management process opens the doors for increased efficiency and organization throughout your business by giving staff the opportunity to focus on developing your business.

    Lower Processing Costs

    Once cash is recycled throughout your business more efficiently, your processing costs will be diminished. This is not to mention the savings on labour costs and in other areas such as loss prevention. Sorters provide your company with many benefits and improve the security and operations of your business. If complete accuracy isn’t enough of a draw to invest in banknote sorters, the additional security and reduction in costs makes it well worth the initial investment. If your business is often overwhelmed with handling large volumes of cash, consider making the investment in a banknote sorter!

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    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