Magazine Article | August 25, 2010

Vendor Insight: Focus On Cash To Provide Stability

Source: Innovative Retail Technologies

By Dan Taylor, Advanced Cash Control Systems (ACCS)

We don't know if the economy is headed up or down. However, cash management is at the center of operational success, and failing to adopt a secure, efficient approach to cash management can pose a real stumbling block to business growth in any economic situation. Retailers perform three basic tasks with regards to cash:

  • Receive and account for cash at the point of sale
  • Manage cash in the store
  • Deposit cash in the bank