Cashless payment methods have had an accelerated growth in the last 2 years, and even though cash is bouncing back it probably won’t be the same in many countries.
Many governments are safeguarding cash, knowing how important it is for a large number of people to use in their everyday life. And although stores attempted to go cashless with signs that say, “CREDIT CARDS ONLY, MOBILE PAYMENT ONLY,” there are still plenty of times we encounter signs that say, “card system or internet down, cash only.”
Cash usage has picked up recently, but it can vary greatly by region, type of business or even just between the shops down the road.
Now as business owner you may ask yourself: “If I don’t take in a lot of cash, why should I care about it?” The simple answer, it’s eating into your profits. The cold hard truth is that even if you don’t take a lot of cash, you still need to manage your cash process. So, I’d like to point out how important it is to manage any intakes including cash, regardless of the quantity.
You see, it’s not just about how much cash you take in. Thinking it’s not worth managing can lead to losing it one way or another.
Many companies that use money counters and cash management solutions love the time it saves them and the business. Once it’s in place, shrinkage becomes nearly non-existent, and the solutions usually pay for themselves in a matter of months.
Could you benefit from a swift solution for cash handling that allows your employees to dedicate more time to other valuable tasks within the business such as supervision and management of stock and customer service? See what our customers have to say!
11 tips to get more out of your Tellermate cash counters
Reducing retail costs: Slashing bank and CIT fees