Is cash shrink an issue for your business? Finding the right solution is not easy, especially if you aren’t familiar with the technology available.
In the past year we have developed a solution that caters towards businesses who want the benefits of a recycler, but can’t make the ROI work or don’t have the space to install one.
It’s undeniable that a cash recycler can profit a store. The real question we should ask though is whether it is the best option for you. Just as every brand has its own identity, so does each workforce and subsequently what might work for another similar business might not work for your own.
Typically the first variable most consider, is budget. While it could be argued that the cost is irrelevant as long as the returns offset the investment, competing projects and limited cash for investment are common issues in organisations of all sizes.
A LiveSafe on a per unit basis, costs around one fifth of the cost of a customer facing recycler. In addition, recyclers carry significantly higher maintenance costs and are more likely to fail due to the quantity of moving parts. This presents further challenges because when recyclers fail, it renders that lane useless, leading to customers queuing and potentially affecting sale. This is before we even consider integration costs.
The LiveSafe system is designed to operate alongside the POS and an ordinary cash drawer, with no POS integration required. You can use the Tellermate Touch cash counter as the controller, and then we would fit the LiveSafe system into your existing processes. The LiveSafe will seamlessly fit in with most furniture using our bracket system, taking minimal space while still offering a secure fitting.
Well, the beauty of this solution is that it’s flexible to fit your processes, and more cost-effective than recyclers in most applications. You also don’t have to modify furniture or go through the hassle and cost of integration.
There’s a variety of reasons and problems that spark a company’s investigation into cash management technology, but as many of our clients have realised during consultations, there are tangible benefits experienced across a variety of business areas.
So how do our cash management solutions benefit our customers?
If your goals include improving the physical security of cash in your stores or to have a cash handling audit trail at your fingertips, then this solution is well worth the consideration over costly recycler technology or other smart safes.
To find out more about how LiveSafe could benefit your business, please contact us using the form below.
Cashing in on cash handling technology
4 Ways Retailers Can Reduce The Cost of Cash