Handling a retail business is quite a job. From managing product inventory to taking care of cash management, you need to do everything single handily. But here good news for you – a Currency Discriminator can ease the hassle of cash management. This revolutionary equipment has sent waves of relief to retail business owners. Let’s see how this equipment helps with cash management. 

A currency discriminator is an electronic device that helps count the cash and identifies the difference between currency denominations. This device is an up-level version of a currency counter with a more advanced feature. The device gives you a proper breakdown of denominations for a pile of mixed bills. 

Therefore, at the end of a successful day at the billing counter, you don’t need to worry about counting the bills and segregating the various denominations received. For Retail Cash Management, it is one of the best technological innovations made to date. 

Benefits of owning a currency discriminator in retail business 

This is a small but powerful device for all your cash management issues. But if you are still not convinced, here are three benefits to pay attention at. 

Saves money and time

Often retail businesses keep an extra staff for cash counter and management. The responsibility of this person is to collect the cash, count it and separate different denominations and keep track of data. But once you make use of this device, you need to pay extra to your staff. It counts the money within a few minutes, tells the denominations received, and often keeps records for the end month audit. 

• Eliminated fraud

There is always an open risk of theft and fraud when dealing with money. Although all retail businesses have trustable employees, time and tide can change quickly. Therefore, a currency discriminator is the best solution for cash management. It is devoid of theft and fraud. The best part about the machine is – it also discriminates the counterfeit bills. 

• Reduction in counting errors 

Humans are prone to error-making while counting, but machines are not. You can depend upon the count of the device without any doubt. These currency counter and discrimination machines are error-proof and tested. Therefore, purchase the machine now instead of spending hours counting bills and separating them based on denominations. 

Currency Discriminator – A great investment in business 

As a business owner, you regularly make an investment for the betterment of your business. So, if you deal with a lot of cash daily, invest in a Currency Discriminator. It will streamline your cash management. To learn more about the device and purchase it, visit the website www.bankersequipment.com.  

Cash Automation refers to the process of counting, dispensing, and managing cash using specialized technology in order to improve accuracy and lower costs associated with manual cash handling. The following are some examples of common products and solutions:

Cash registers

A currency counter does precisely what it says on the tin. When compared to manual counting, the advantages are faster and more accurate cash counting. High-speed single-pocket counters can value count a variety of currencies while also detecting counterfeit notes.

Sorters of money

A cash sorter can count mixed denominations in one pass and provide a value count and denomination breakdown. Two or more pocket machines continuously process currency and can separate counterfeit bills into separate pockets.

Cash sorters with three or more pockets can count and value mixed currency, sort by denomination and orientation, and detect counterfeit notes.

Recyclers of cash and coins

The entire cash cycle is automated with a cash and coin recycler: accepting and dispensing cash, securely storing banknotes and coins, and tracking cash on hand. Transactions, reconciliations, and deposit preparation are all sped up thanks to the technology in these machines. Provisional credit and CiT (Cash in Transit) options are available to customers who use cash recyclers.

What are the advantages of your company?

As a cash business owner, you may see fluctuations in your cash on hand at any time of day, week, or month. The cash that is securely deposited into your cash and coin recycler is made available to you using cash automation Insight software and provisional credit, which is daily credit issued to your account by your bank.

Since the first credit cards were introduced in the early twentieth century, we've been hearing about the coming "cashless society," but cash is still around. Even with an ever-growing number of smartphone-based digital payment platforms (e.g., PayPal, Apple Pay) and cryptocurrencies, cash appears to be here to stay.

Low-cost and time-saving

Cash automation technology is being used by businesses of all sizes to improve security and accuracy while also saving time and money. Consider the advantages of cash automation if your business relies heavily on cash transactions. Cash transactions typically involve small amounts of money, making it even more important to spend as little time and money on cash handling as possible.

Make a phone call to the cash-handling experts.

From the cash automation experts at Bankers Equipment, learn how your business can benefit from cash automation technology. We've been assisting businesses for over a century, and we can help you find the right cash handling and storage solutions for your company. For friendly, knowledgeable service, call us at 952.890.6661 • 888.890.6661, or stop by our showroom. 

Ineffective cash management, on the other hand, could be probably going to cost you more so than you think, which is bad news in a sector where profits are notoriously thin. It's easier than it sounds to keep a very close eye on your cash flow. These 8 retail cash management pointers will get you off to a good start.

1. Keep improving Retail Cash Handling Entity

Examine your cash organization as the first step toward better retail cash management. What percentage of your cash is visible? Do you know where everything is at all times? How quickly can you locate records that show the flow of money in your company?

Maintaining a close eye on cash improves visibility and protects your company from losses.

2. Keep track of your cash handling responsibilities.

It's all too easy in retail to overlook some tasks, and retail cash management is one of them. You'll finish those records the next day. The day sheets can be balanced later.

While it may appear that letting things slide will save you time in the short term, it is far better to follow policies and procedures. If you carefully follow them, you can avoid the negative consequences of poor cash management.

3. Look for areas where you can improve.

Evaluate your cash management process on a regular basis to see if it's paying off. When you track your progress, you'll be able to see what's working and what isn't. With more knowledge, you'll be able to spot areas where you can improve.

You can increase your profitability by seizing those opportunities.

4. Ensure that your processes and regulations are current.

Have you recently implemented new retail cash management software? Perhaps your company has had problems with cash security or visibility. If this is the case, your policies and procedures may need to be updated.

Better policies and procedures define how everyone on your team should deal with money. It's easier to spot inconsistencies when everyone is on the same page.

5. Keep track of how much money you have on hand.

Maintaining an excessive quantity of cash in your biz can result in losses. A set limit is a great precaution to take. Limiting the sum of money in your biz makes it possible to improve safety and safeguard your funds.

6. Employee accountability should be implemented.

It's time to train your employees after you've updated your policies and procedures. Staff who have been properly trained are more likely to follow policies and procedures.

Instruct your employees on the importance of adhering to protocol. They'll be much more likely to follow these policies if they understand why they're in place.

7. Preserve a Routine

Effective cash management necessitates the use of schedules. They assist you in keeping your things running smoothly without any hiccups. You'll always have the right amount of cash on hand if you make bank deposits at specific times and branch transformation. You also know because you'll need to reconcile your documents and when you'll be opening and closing the novels.

Finally, a schedule will show you who will be going to handle your money and when. This increased visibility makes it even easier to keep a record of your money and identify where issues may arise.

8. Recognize when it's appropriate to seek assistance.

A helping hand could be the solution you're looking for if you know your retail cash management needs some TLC. To get the answers you need and improve your cash management, speak with a cash management solutions provider.

Cash Management consists of cash incoming and outgoing from the different mediums in the company,i.e., from the company's operations, investment, and finance departments. Cash management is an important aspect of a company's financial stability. It consists of paying taxes, settling accounts, fulfilling obligations, staff salaries, rent, etc. Unfortunately, many businesses engage in poor cash management due to poor understanding of the cash flow cycle, lack of understanding of profit versus cash, bad capital investments and lack of cash management skills. 

The most important cash management equipment is a savings account, currency discriminator, mutual funds, money market deposit accounts, cash recycler, and savings bonds. Amongst these, the prominent one's are cash recyclers and currency discriminators. 

Cash Recycler 

• It is a compound appliance that handles a few easy but major tasks like accepting and dispensing cash. It also stores money safely, keeps an errorless accounting of cash, and mechanizes the cash cycle. Usually, they are found in banks, credit unions, and back-office retail cash rooms. 

• Cash recyclers are a comprehensive approach to cash management. 

• It reduces labor thus is also cost-effective; it improves both staff and companies' productivity.  

Currency Discriminator 

• It is designed to help industries and organizations in managing cash.

• It helps in preparing bank deposits, and it counts banknotes quickly and accurately. 

• If we insert a pile full of notes and currency of different denominations, it states the difference between them and counts the number of denominations. 

• It also helps in keeping an audit trail. 

These are the most effective and important ways in modern times for cash management. They help ensure that there is adequate cash to meet the current obligations while ensuring there are no idle funds. This is especially important as businesses depend on the recovery of receivables. If used properly the make sure that the cash flow is not jeopardized. They ensure the optimum utilization of cash to ensure maximum liquidity and profitability and participate in making the proper collection, disbursement, and cash investment flawless. 

The pandemic of COVID-19 has changed many things: the technique people shop, the way they effort, the nature of social dealings. It affects their workforces and operations differently. It is to manage the ebb and flow of lockdowns and disturbances.

Other than the increasing rapidity of banks' digital approaches and forcing the improved practice of online and portable banking, social distancing measures have as well the reason for some banks to reassess their area office trails. Economic organizations identify their branches present assessment and that it is vital to have an occurrence, but they are also exclusive to unlock, workers and keep up. In a nutshell, the pandemic could provide evidence to be a remarkable channel for speeding up the trends we have been considering towards digitization money, money executive, and more expertise-based solutions.

Today is a competitive world, and every consumer is seeking handier and more competent methods to find their banking done. And financial institutions are faced with demanding to meet those clients where they are while in the hunt for ways to lessen working prices. Today, banks are seeking the latest techniques to serve their clients.

Progressively, recent financial establishments are accepting the use of interactive teller machines. Interactive tellers offer an ATM-like interface but with the development of a video screen that lets clients converse openly to a service representative in a call center in real-time. To assist this, an interactive teller includes a touch screen, buttons, and a handheld phone providing direct access to the teller, unlike the ATM, where the interaction is to digital transactions through limited button response. So, if you need to buy the best quality interactive teller machines, rely on Bankers Equipment Service.

With the speed and efficiency of our Cash Recyclers, you can wait on our customers more quickly and efficiently if you have your bank services for many commercial deposit customers. You can have very few servicing issues with the machines. BANKERS EQUIPMENT SERVICE ensures that you are dealing needs are addressed, and problems are successfully solved. 

As a certified dealer for the industry's leading cash recyclers, Bankers Equipment Service offers the largest selection of quality solutions in the region to meet the varying needs of our customers.

To know more, please call us on 952-890-6661 today.

In recent years, cash management technology has rapidly improved, and now there are several smart solutions for the retail industry. Now, you no longer have to use a calculator, to sum up, banknotes and coins. Retail Cash Management plays a vital role in automating the whole cash handling procedure, from the point of sale to bank deposit. Retail dealing will proceed in numerous areas by controlling from manual cash handling to cash management.

Need Retail Cash Management solution? If so, Bankers Equipment Service is your one-stop providing safe, effective cash management solutions for the retail industry. For over eight decades, businesses across a broad range of industries have relied on Bankers Equipment Service's expertise in automating cash management to supply, implement and service top-quality products for both front and back-office efficiency.

The Retail Cash Management solutions by Bankers Equipment Service cuddle the entire enterprise, working closely as business partners to identify your business needs and deliver a tangible return on investment. This in turn helps in the following:

Unparalleled control Businesses today need fast, flexible ways to manage their cash, with 24-hour, seven-day-a-week access. Bankers Equipment Service gives you unparalleled control, with balance reporting, multiple disbursements, and payment options, and a host of other features to help you optimize your cash flow.

• Handiness

With the help of Retail Cash Management solution, you save time and effort by managing your financial position through the Internet.

• Safe

Business Cash Management uses advanced Internet security algorithms to guard the privacy of your company’s information and transactions. State-of-the-art permission controls protect sensitive information.

Let’s take a look at the three main elements of our online Interactive Teller system: 

• EZTeller® allows your Interactive Teller to provide more rapid, more accurate transactions and eliminates cash handling errors. It is user-friendly. With this simplified workflow, your tellers can turn their attention to customer retention, increasing product penetration, and uncovering opportunities that drive profitability.
• EZId® provides your financial institution with photo/document capture and retrieval. It also allows improving productivity and service, while reducing fraud.
• Superview® enables your financial institution to set up and control a wide array of brunch options.

Cash management is the business practice of collecting and running cash, on top of using it for immediate invest. It is a key component of a company's financial stability and solvency. Corporate treasurers or business managers are frequently responsible for taken as a whole cash management and related responsibilities to stay behind solvent. Count on Bankers Equipment Service’s expertise as it is a well-known company giving amazing solutions in the field of Retail Cash Management.

Cash management is important because it allows businesses to be solvent a sufficient amount to maintain the company in business even during slow activity or economic downturns. If your business cannot meet its monthly obligations for operations and liabilities you are not solvent. This means that a downturn in the economy or any loss of sales could be demoralizing.  Bankers Equipment Service has been offering outstanding solution for more than 80 years to businesses across a broad spectrum of industries have in automating Cash Automation to supply, implement and service top-quality products for both front and back office efficiency. We at Bankers Equipment Service offer currency discriminator with best yet cost effective solution.

Let’s take a look at the benefits of Cash Automation Technology

·         Reduced Costs

Time and again a recycler is used to facilitate with tasks for example till prepping, complementary and prepping bank deposits, resulting in considerable time and labor savings. This allows banks and stores to move workers to other tasks, creating a well-organized office and saving cash.

·         Increased business deal

Decreasing the time workers spend counting cash, change or processing cash lets them to provide more clients. Cash recyclers also assist ensure that transactions are accurate, while they are processed sooner.

·         Better Access to Cash

This is mostly right for banks as cash recyclers decrease the requirements for trips to the vault, freeing workers to work in other areas and focus on cross-selling products.

Cash recycler

Banknotes are kept into a feeder and traversed a bill identifier to find out the value and legality of the banknotes. This cash is then stored in separate cassettes or modules for dispensing in future transactions. So, it’s the very clarity of recycling, the cash that is deposited to a recycler is the same cash dispensed from it.

Bankers Equipment Service, as a proficient dealer for the industry's leading cash recyclers, provides the prevalent selection of quality solutions in the region to meet the varying needs of our customers. We know well that Cash Recyclers Make Sense. Whether you want to transform your branches or just improve good organization for better productivity, our scalable family of cash recyclers will maintain your approach. 

Call us now to know more. 952-890-6661 / 888-890-6661

“Bankers Equipment Service has been serving the needs of its clients for over 80 years”

A good organization should always be a goal for any business. You do not want to waste priceless occasion and money on processes that could be simplified greatly. This is why it can be valuable for some businesses to invest in a better Cash Management solution. Bankers Equipment Service provides premium financial solutions combined with proficient installation, training, and support. As the certified dealer for the leading branch transformation manufacturers worldwide, BES is committed to your success.

To give genuine service, you must add something amazing to your business”. Keeping this in mind, Bankers Equipment Service provides the highest level of service, products, and solutions that enable the customers to grow.

How do you automate cash management?

Automation centers on the acceptance of new equipment when it comes to automating your cash management.  You will be amazed that cash management provides a solution for every type of business. It is one of the simpler solutions especially for small scale businesses that might meet the needs. It is the best for high volumes of cash handling to maintain cash counts and dispense cash; a more refined solution might be consecutively.

Coin Sorter-Benefits Unlimited

Coin Sorter is ideal for all types of business these days. Counting money can engage in a lot of time, particularly when you have other essential things to do. It’s also hard to stay paying attention, and if somebody or something distracts you, you could end up having to start for a second time! Not to point out the hygiene issues around coin handling. It is both more practical and time-efficient to use a coin sorter. It also improves accuracy.

To know more, please visit www.bankersequipment.com

At Bankers Equipment Service our mission is to provide the highest level of service, products and solutions that enable our customers to prosper.

In this blog we will discuss on two of our transformative solutions for financial institutions: Teller Cash Recycler and Branch Transformation. We provide a broad spectrum of financial solutions combined with experienced training and support. As a premier partner and certified dealer for the leading branch transformation manufacturers in the world, BES is committed to helping your institution succeed. We will meet or exceed our customers’ expectations while maintaining a positive environment that provides success for our team members and the company.

Teller Cash Recyclers

Streamline transactions and optimize staff resources with our cash management solutions at Bankers Equipment Service designed to reduce error and eliminate repetitive manual tasks.

A teller cash recycler (TCR) is a machine that authenticates incoming bank notes and securely stores the cash in an internal vault, and then provides the capability to process automated cash transactions for the tellers from the cash inventory, including deposits and withdrawals.

Client preference and ease

Banks can provide easy access to withdrawal and deposit services by investing in Teller Cash Recycler and the optimal cash availability for clients. Also, business customers can deposit large bunches of cash with highest speed and competence.

Understanding Branch Transformation

The idea of branch transformation has become one of the most up-to-date trends in the financial business for incorporating equipment into your financial delivery services. Many bankers seem to have the opinion that branch transformation means one thing: becoming more dependent on technology-based services instead of providing personal touch exchanges.

Before the branch transformation, you must be aware of how the changes can help your business and what is essential to make them flourishing. Yet again, it does not for all time require technology enrichments; branch transformation can be as simple as changing how your team interacts with your clients.

There is no standard when it comes to branch transformation. What it's really about is identifying the type of bank branch design transformation that can help you achieve your goals and considered initiatives. Branch transformation usually revolves around shifting and improving your customer experience. 

We at Bankers Equipment Service are branch transformation experts. Turn to us for all of your transformation and automation needs, including currency recyclers, lobby self-service coin and self-service kiosks.

Call us today for more details 952-890-6661 / 888-890-6661

This blog gives information about Bankers Equipment Service that offers the best quality Money Counter and Currency Discriminator. At Bankers Equipment Service, we have been serving the needs of our customers, helping them mechanize their systems to advance productivity and to increase customer engagement and satisfaction for over 80 years.  

Bankers Equipment Service provides the utmost level of service, products, and solutions that enable our customers to prosper. We will meet or exceed our customers’ expectations while maintaining a positive environment that provides success for our team members and the company. We provide industry-leading technology solutions to help you transform your business.

Money counter 

We are one of the most trustworthy industries leading technology solutions provider and our range of innovative, established, and solid money counters & sorters are designed for counting and reconciliation tasks in both front and back-office environments, in banking, across retail, and in the gaming sector.

Currency Discriminator 

Bankers Equipment Service offers the first-rate Currency Discriminator that eliminates the need to presort bills before counting. Just look in a batch of varied bills, no matter the denomination or which they are facing, and it will quickly count them and give you a total amount, and it can also tell you how many bills of each value.

Let’s take a look at why choose Bankers Equipment Service:

• installation

Our skilled and knowledgeable installation team will work with you to make sure your new investment will be working the way you want it to.

• Training

We will help you learn to use the products you’ve paid for, so you can make the best use of the full potential of the expertise.

• service

Our mission is to provide the utmost level of service, products, and solutions that enable our customers to prosper. It is for this reason that we fully service every product we sell. If you have a question, require assistance troubleshooting an issue, or need a machine repaired or replaced, call us.

• guarantee

If any product or service we sell does not meet your expectations, we will do our best to try and resolve the issue for you. Because your satisfaction is our ultimate goal, if we can’t find the right solution, you may return the product for a full refund.

Call us today for further details at 952-890-6661 / 888-890-6661

Cash transferring and handling through the latest technologies enhances the safety and security of a company's business. It also improves the customer services and their experiences at the cash counter. It is because the entire cash management process becomes easy and comfortable to deal with. Here are some of the different equipment for retail cash management for effective usage and richer experience.

- CI-10/CI-100 Compact Cash Recycling System

The CI-10/ CI-100 Compact Cash Recycling System is unique because it does not require any staff at the point of sale to deal with the cash. It merges with the current POS system and safely generates the cash handling procedure. It is secure because it plummets the error risks. Besides, it improves the customer services and boosts staff productivity. 

- CI-300

The CI-300 system has been specially planned for the back office retailers. It allows transactions and deposits in mass amounts. The system is easy to understand and, at the same time, approves internal auditing and bill tracking effectively. It does so for tight security. To verify balanced cash inventory, it also performs internal auto verification. 

- CI-200

The CI-200 eases the cash work methodology of the back offices. The beginning and end of each day promotes the generation of cash processes and lowers the cash shrinkage risks. Apart from these, the system also intensifies the efficiency of the concerned staff. 

 - CI-50

In the retail sector, it can sometimes be difficult and costly to handle the cash. It also affects the business operations. The CI-50 retail cash management system designed for the back office comes with both coin recycler and banknote. It is ideal for the low volume cash locations and does not allow the risk of cash errors or cash shrinkage. Besides, it raises the profitability of the staff and results in rich customer service and experience.

So, these are a few tools for retail cash management for the back offices and at the sale point. These reduce the cost and introduces better methods to lower the chances of cash shrinkage. 

Give real and true service to your business by adding something amazing to it. Cash management technology plays a vital role in it. You might be amazed to find out there are solutions for almost every level of cash management. Bankers Equipment Service provides the highest level of service, products, and solutions that enable the customers to grow. They will meet or exceed their customers’ opportunities while maintaining a positive environment that provides success for the BES team members and the company.

Finding the right technology for a business is not a simple task. Bankers Equipment Service provides industry top technology solutions to help you transform your business. But how do you know which solution to choose? Bankers Equipment Service team takes the time to get used to your business, pain points, and goals. With this information in hand, they make out the right equipment to meet your demands. This way, they make sure that your business needs are efficiently fulfilled. 

If any product or service Bankers Equipment Service sells does not meet your prospect, they will do their best to make an effort and resolve the matter for you. Because your fulfillment is their ultimate goal, if they can’t find the right solution, you may return the product for a full refund.

Know about cash handling:

There are quite a few different solutions for cash handling or cash management you can choose. You might be shocked to discover there are solutions for almost every level of cash management. For a small business with limited cash intake, one of the simpler solutions might meet your needs. If your business regularly handles high volumes of cash and needs to maintain cash counts and dispense cash, a more classy solution might be sequential.

·         Money Counter 

A money counter is one of the simplest solutions to deal with your cash. This machine does exactly what the name implies. It automatically counts cash. Using this device can help you reduce the time you and your employees spend manually counting cash. It also improves accuracy.

• Currency Discriminator 

A currency discriminator is a somewhat more sophisticated solution for managing your cash. Like the money counter, it can check your money. As well, it will sort banknotes and coins for you. Again, this helps you and your team get back some of your time and reduce manual counting and sorting. It can also help you organize bank deposits.

For further details, please call at Bankers Equipment Service today. 952-890-6661 / 888-890-6661