With an end-to-end cash management solution your business could increase efficiency in your stores, reduce the cost of cash management and avoid unnecessary banking fees or CIT charges — let Tellermate show you how…
As the price of labour continue to rise, retailers are increasingly turning to innovative retail technology that helps automate manual processes, increases efficiency, and reduces labour costs.
Cash management technology helps your stores save around two labour hours per day by automating cash handling processes (such as cash drawer reconciliations or banking preparation). For the typical retailer that’s a saving of around 180,000 labour hours a year.
Find out how much your business could save by using our labour savings calculator
Cash management technology streamlines your cash-to-bank process and cuts the time spent processing cash by up to 70%. That’s because manual cash handling tasks are automated and outdated paper-based processes are digitised. Not only does this lead to a reduction in labour costs, but increased oversight means unnecessary CIT fees and bank charges can be avoided – reducing operational costs even further. Plus, with increased accountability, cash loss is virtually eliminated across your stores, reducing shrink and boosting your profits.
Our intelligent cash counters accurately count an entire cash drawer in under a minute. Count data can then be transmitted directly to cash management software where banking deposits are created, verified and tracked all the way to the bank – creating a closed-loop solution for a fraction of the price of cash recyclers or smart safes.
With an intelligent cash drawer and smart safe combination, you’ll get an end-to-end solution that automates many traditional cash management tasks. The transaction-by-transaction reconciliation means cashiers no longer need to count drawers at shift changeover time, end-of-day cashing up is simplified, and banking preparation is accelerated. Plus, with its ability to highlight discrepancies between the drawer and the POS in real-time, cash loss is virtually eliminated.
At Tellermate, we’re changing the way businesses think about cash management. We help global businesses such as Adidas, T-Mobile and Barclays implement solutions that drive efficiency and provide real-time business-critical data to those who need it most.
We’d love the opportunity to explain how an end-to-end cash management solution could help your business achieve its objectives of reducing operational costs, driving efficiency and getting better oversight and control of the physical cash across your business.
Exploring how an end-to-end cash management solution could help your business