Retail Cash Management News And Information
FEATURED CASH MANAGEMENT CONTENT
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Report: Cash Still Matters In The UKWhile cash use in the U.K. further declined during the COVID-19 pandemic, the RSA warns that a sudden shift to cashless would hurt older and vulnerable segments of society.
The cash drawer has been a key component of the retail business for as long as people have exchanged money for goods. If you accept currency, you need the best cash drawer, but choosing the right drawer and till solution requires planning, consideration, and a little research.
Gainfort Ltd. operates two convenience stores in Huntingdon, U.K., about 70 miles north of London. At the end of employee shifts, owner Sunil Lahal noticed a disturbing trend during cash counts: The totals were off.
Most merchants still welcome cash gladly, however, managing it and the associated cost, is another matter especially for big supermarkets. It’s a big challenge. Handling bills and coins often leads to mistakes at the checkout and the backroom. Cash counts are time consuming, especially when there are discrepancies and multiple lanes, taking staff and managers away from other tasks.
Sometimes seeing is believing. Just ask the owners of Quincy Hardware in Waynesboro, PA, who were so impressed with a demonstration of APG Cash Drawer’s SMARTtill ® Intelligent Cash Drawer Solution that they simply had to have it. Never mind that the store had just deployed two brand-new cash drawers a year earlier.
FEATURED PRODUCTS
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Arlo Cash DrawerThe Arlo cash drawer delivers uncompromising performance and quality, providing a low cost of ownership for light cash use environments. Purpose-built for the entry-level market, the Arlo cash drawer is easy to use enabling efficiency throughout the checkout process.
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MEI CASHFLOW® SC World's leading fixed and multi-width bank note acceptor, widely deployed in self checkout, kiosk self service, retail security and many other global applications requiring high reliability and secure cash storage.
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Minota Cash DrawerDesigned with a clean, stylish molding and steel construction that is both secure and light weight, the Minota Cash Drawer is a reliable, low cost robust cash drawer.
CASH MANAGEMENT MULTIMEDIA
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While cashless payment methods are no doubt surging, cash remains a highly relevant factor in many retail environments across the world. Implementing cash in a modern, technology-driven retail environment poses unique challenges, which can have retailers scratch their heads as they try to balance efficiency in labour hours and practicality in daily use.