Why Proper Servicing Is Crucial to Long-Lasting Cash Handling Equipment

    Dec 05 2018

    Topics: cash management

    You’ve probably heard the phrase “an ounce of prevention is worth a pound of cure.” Almost nothing could be truer when it comes to taking care of your cash handling equipment.

    When you purchased your equipment, you likely anticipated it would last you so many years. You want to make sure the equipment lasts that long, so you get your investment out of it. While machines like coin and bank note recyclers and currency sorters are quite affordable for most businesses, you don’t want to plan to replace them every other year.

    Proper servicing is crucial if you want to keep your cash handling equipment in good working order for a long time to come.

    Why You Need to Service Cash Handling Equipment

    If you’ve just purchased new equipment, you probably aren’t thinking about servicing it right away. After all, it’s brand new. It should be in perfect working order, and it should continue working for some time.

    You should, however, set up a maintenance schedule for your equipment sooner rather than later. Proper servicing of these machines is what will keep them in working order long after the bill is paid.

    Why is proper maintenance so important? It’s preventative, first and foremost. By conducting regular maintenance on your new equipment, you can catch potential problems before they become costly problems. Some wear and tear on the machines is to be expected, but proper servicing will help you minimize those effects.

    Preventative maintenance helps you improve productivity, avoid downtime, and ensure your cash handling equipment lasts longer.

    Keep Operations Running Smoothly

    Proper servicing of your equipment also helps you keep your business operations running smoothly. There’s almost nothing worse than encountering a major malfunction with one of the machines. It can prevent you from completing tasks, which costs you in terms of productivity and overhead.

    When you don’t perform proper servicing, it’s more likely your machines will encounter significant problems. In some cases, it may be more economical to replace a machine than to fix it, especially if maintenance hasn’t been performed. Spending a little on proper servicing can save you more in the long run.

    Performing Maintenance on Your Equipment

    You should never let your machines go too long without maintenance. The first step to servicing them correctly for a long life is ensuring they’re cleaned on a regular basis. Dirt, dust, and other buildup will eventually cause a machine to stop functioning the way you expect it to. It can also damage delicate parts.

    When you purchase cash handling equipment, you should build maintenance right into the purchase agreement. Your provider should be able to offer you on-site maintenance to both prevent and correct issues with the machine. They should also offer technical support.

    You might hesitate to build maintenance into your contract, anticipating it will cost too much. Overall, maintenance of a machine will cost you a fraction of buying a new one. It’s much more affordable to perform regular maintenance than to buy a new machine every time something goes wrong.

    The cost of maintenance can be inflated by parts, which is another reason preventative measures are so important. Regular servicing will keep parts in working order longer, which means you don’t need to replace them nearly as often.

    Do Your Machines Need Service?

    If you’ve never cleaned your cash handling equipment or it’s been quite some time since a technician last made a visit, it’s time to schedule maintenance for your machines. By taking care of them now, you can ensure they’ll continue to take care of all your cash handling needs in the future.


    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