Cash management software

Accuracy and security are perhaps the most important words to banks and businesses dealing with large volumes of cash. In order to account for human error, lengthy procedures are needed, and that takes time and decreases efficiency. A cash management accounting system can take the risk of human error out of the picture, speed up transactions, and allow employees to focus on customer service. Currency counting machines can do all of the tasks normally required of a teller such as counting stacks of bills or loose coins with 100% accuracy and in less time.
What Is A Cash Recycler?
A cash recycling machine can:

  • sort coins
  • sort bills
  • detect counterfeit bills
  • dispense coins
  • dispense bills
  • serve as a safe

How Do I Know If I Need A Cash Management Accounting System?
Any bank or business dealing with large volumes of cash would benefit from having a currency sorting machine. A bank teller must have a minimum amount of cash and coins in the drawer at all times. When more bills or coins are needed, a trip to the vault is required and a process of verifying takes place. Similarly, when the drawer is over the maximum, another vault trip is required. Because it serves as a secure safe, an electronic coin sorter and counter would eliminate these trips and verifications that take valuable time.
Counting bills by hand is time consuming and must be done 2 or 3 times to ensure accuracy. A cash counting machine performs the task with 100% accuracy the first time and at a fraction of the speed. The time saved can be used to improve customer relations. Tellers can answer banking questions or sell other services.
What About Counterfeit Bills?
Counterfeiting is one of the oldest crimes in history, and it takes a carefully trained eye and attention to detail to spot a fake. The cash recycler doubles as a counterfeit detector machine and can spot the fake immediately, saving the company both time and money.
What About Security?
In addition to the cash recycler machine serving as a secure safe, security is also improved by limiting the time cash is exposed. Because all the counting is done inside the machine, cash spends significantly less time at the teller’s window.
What About Reliability And Service Of The Machine?
Companies servicing these cash management accounting machines understand how vital they are to a business or bank. For this reason, a variety of support contracts are available. On-site service support generally includes phone support, parts, travel and labour required to repair and restore equipment to its optimum operating condition. Scheduled preventative maintenance visits are are also included in an on-site contract. Other types of contracts might include loaner replacement equipment available with quick turnaround to fill an immediate need.