{"id":1510,"date":"2016-01-05T14:45:00","date_gmt":"2016-01-05T14:45:00","guid":{"rendered":"http:\/\/tellermate.spindogs4.co.uk\/?p=1030"},"modified":"2018-05-31T10:05:26","modified_gmt":"2018-05-31T10:05:26","slug":"choose-weight-based-cash-counter","status":"publish","type":"post","link":"https:\/\/www.tellermate.com\/us\/news-and-resources\/choose-weight-based-cash-counter\/","title":{"rendered":"Why choose a weight-based cash counter?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-1139 alignright\" style=\"margin: -10px 0px 3px 3px;\" src=\"http:\/\/www.tellermate.com\/wp-content\/uploads\/2016\/08\/Dave-Lunn-Tellermate-150x150.png\" alt=\"Dave Lunn Tellermate\" width=\"150\" height=\"150\" \/>Cash is still king. A recent report by the Federal Reserve Bank of San Francisco, has shown that around <a href=\"http:\/\/www.frbsf.org\/cash\/files\/FedNotes_Evidence_from_DCPC.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">40% of payments are still made in cash<\/a>. For businesses; consumers\u2019 continuing attachment to cash means that being able to count it quickly, easily and efficiently is essential. To solve this problem, many are turning to weight-based cash counting technology to help streamline their cash management process. But how does weight-based cash counting technology work? What are the advantages of using a weight-based cash counter? And, with a number of options available, how can you make sure you\u2019re selecting the right cash counter for your business? Let\u2019s take a closer look\u2026<\/p>\n<h4>What is a weight-based cash counter?<\/h4>\n<p>A weight-based cash counter is a device that uses a set of rules to count coins and bills.<\/p>\n<p>Cash is stacked on the machine in bundles, rolls, cups or bags and is counted almost instantly. The device will then keep track of the counts of each individual denomination to create a complete count once all denominations have been weighed.<\/p>\n<p>So how does the machine know how many bills or coins are present if they\u2019re weighed together? The cash counter doesn\u2019t weigh individual bills or coins. Instead it assesses them in batches. The device then compares this against a stored weight for each coin or bill and divides the total weight on the machine by this stored weight. This calculates the amount of cash on the platform at any given time. All this is done in a matter of seconds.<\/p>\n<h4>What are the advantages?<\/h4>\n<p>Well, the obvious answer is that it\u2019s quicker, easier and more accurate than counting cash by hand. But that\u2019s a given. Perhaps less obvious, is the ability to create audit trails of your cash, as some devices seamlessly integrate with your cash management software, uploading historic and current count data at the touch of a button. Plus, <a href=\"http:\/\/info.tellermate.com\/blog\/reducing-employee-stress-through-better-cash-management\" target=\"_blank\" rel=\"noopener noreferrer\">a more streamlined process can improve staff morale and reduce stress levels<\/a>.<\/p>\n<h4>Why should I choose a weight-based cash counter over a friction counter?<\/h4>\n<p>Friction counters can\u2019t count coins, and that\u2019s the part of cash counting that takes the longest. Sure, you can get machines that count just coins \u2013 but then you\u2019ve got two machines, two processes and extra effort. Not fast, and not fun. And that won\u2019t streamline your cash management.<\/p>\n<p>Plus, as the global <a href=\"https:\/\/en.wikipedia.org\/wiki\/Polymer_banknote\" target=\"_blank\" rel=\"noopener noreferrer\">shift towards Polymer continues<\/a> (with the <a href=\"http:\/\/info.tellermate.com\/blog\/the-polymer-note-revolution\" target=\"_blank\" rel=\"noopener noreferrer\">U.K. being the next in line to adopt plastic bills<\/a>), businesses that use friction counters will encounter a big problem. As the plastic bills are tackier and more prone to sticking together (when new), friction-based Money Counting Machines could be more susceptible to miscounts. And this could become a big problem, as more countries move towards polymer, or other innovative alternatives.<\/p>\n<p>If you\u2019re considering a weight-based cash counter, make sure you choose one that can easily adapt to currency updates. With the next few years seeing a number of currency changes; the ability for your device to adjust to each new coin or bill issued is key.<\/p>\n<h4>Why choose a Tellermate cash counter?<\/h4>\n<p><img decoding=\"async\" class=\"alignright\" title=\"Tellermate T-ix cash counter\" src=\"http:\/\/info.tellermate.com\/hs-fs\/hubfs\/UK_Assets\/UK_Images\/tellermate-160740.jpg?t=1471428187971&amp;width=320\" alt=\"Tellermate T-ix cash counter\" width=\"320\" \/>Tellermate were the first to design and build weight-based cash counters that handle both coins and notes.<\/p>\n<p>A Tellermate cash counter is an intelligent piece of technology. And one that constantly evolves; making counts faster, smarter and more accurate.<\/p>\n<p>Our counters are equipped with intelligent tracking, meaning changes in bill weights are calculated each time the cash-counter is used. Micro adjustments are then made to account for environmental factors and the life-cycle of the bills.<\/p>\n<p>Given that many bills are made from cotton substrates, the weight of the bill will vary greatly depending on time of year and location. In moist climates the bills will pick-up moisture in the air, making them heavier. For some less advanced weight-based cash counters, this can be problematic, leading to errors and miscounts. But our T-i<sup>x<\/sup> cash counters are intelligent enough to account for this, adjusting the stored weight to accommodate any reoccurring discrepancies.<\/p>\n<p>But most importantly, a Tellermate weight-based cash counter is future-proof. Our devices are easily adjusted to account for major currency changes. New machines are already configured for all three planned major currency updates over the next few years.<\/p>\n<p>For your business, counting cash quickly and accurately is essential. Errors here can be felt directly on your bottom line. You need an efficient process and technology you can trust. A weight-based cash counter is a sound investment, but make sure that you select the right one. Currencies are constantly evolving and implementing a system or device that is unable to adjust to new coins or bills could leave your business vulnerable to errors, miscounts and wasted time.<\/p>\n<h4>Learn how a weight-based cash counting solution could work for your business. Click here to download <a href=\"http:\/\/info.tellermate.com\/counting-cash-by-weight-ebook\">the insider\u2019s guide to counting cash by weight<\/a>. Or, want to know more about our T-i<sup>x<\/sup> cash-counters? <a href=\"http:\/\/www.tellermate.com\/en-gb\/products\/t-ix\">Find out more about our products here<\/a>.<\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Cash is still king. A recent report by the Federal&#8230;<\/p>\n","protected":false},"author":2,"featured_media":1658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[3,79,74],"tags":[],"class_list":["post-1510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-cash-counters","category-efficiency-improvement"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why choose a weight-based cash counter? - Tellermate USA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tellermate.com\/us\/news-and-resources\/choose-weight-based-cash-counter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why choose a weight-based cash counter? - Tellermate USA\" \/>\n<meta property=\"og:description\" content=\"Cash is still king. 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