What Happens When You Automate Cash Management in a Casino?

Mar 26 2018

Topics: cash management

Improving processes in a casino is easier said than done. In an industry that focuses on hard currency, it’s essential to be as efficient as possible. That’s why automated cash management systems are essential features of any successful casino.

Continue reading to discover how your establishment can benefit from the efficiency and simplicity of a cash management system.

Download our free guide to find out how to improve your business with an  automated cash management solution.


You Save Money

When your employees spend less time counting money, this creates more time for them to perform other functions in their workspace. You can significantly reduce labour costs by automating your cash management, as it increases your employee efficiency.

Some establishments have found such success reducing labour costs with automation that they have been able to cut their staff, saving money that otherwise would’ve been spent paying a salary.


You Can Easily Manage Floats

In a casino, there is a large amount of money that must be available to process daily transactions. These floats can become extremely overwhelming to keep track of in large establishments. With an automated cash management system, you can keep track of this money more effectively. All cash is accounted for automatically.

With automated systems, you are able to seamlessly use multiple floats without having to worry about disrupting the company’s float system.


Reduce Shrinkage

If shrinkage is a problem in your business, there’s no time to wait. Investing in smart technologies to manage your cash-related needs is the most efficient way to maximize your profits and minimize shrinkage. Employees require individual logins to access money, reducing the opportunity for internal theft. Automated cash counters and sorters also ensure your counts are always correct, reducing money losses caused by human error.

Don’t risk losing more money than you already have—invest in your business today.


Reporting Is a Breeze

Reporting with automated cash management systems is simple. With cash recyclers and smart safes, for example, you can access key reports at the push of a button.


Superior Customer Service

When your employees spend less time counting and recounting, they have more time to dedicate to your casino’s customers. You’ll be amazed how much your customer experience will improve when your employees spend more time face-to-face with your customers and less time counting money.


Your Casino’s Security Threat Goes Down

Your casino is at threat both internally and externally. Externally, your process may be susceptible to theft if your cash is left unattended. With automated systems, your cash is locked away safely and securely.

Counterfeiting is also a problem that has long plagued the Canadian gaming industry. New cash recyclers can detect whether a bill is counterfeit right then and there, making it easy to reduce your risk.

Many casino owners focus so hard on protecting their establishments from external threats that they may overlook theft happening within their own staff. Even if you haven’t experienced employee theft, it’s better to be safe than sorry. Automated cash management systems can keep track of who accesses the money and how much. You can also restrict access to only authorized individuals with specific access codes. This means that everyone who accesses your money will be documented, making it easy to prevent theft and hold the right person accountable for their actions.


The-Most-Common-Cash-Handling-Mistakes-&-How-to-Avoid-Them

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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