Cash's availability, ease of use, and confidentiality are just a few of the reasons why it is still a strong pillar in the current marketplace and the favored payment method for millions of people.

To stay up with a changing corporate world, the technology we use to handle and manage cash is fast expanding. Cash management is a particularly popular area, and many organizations are making use of it to reap a variety of benefits-

Managing Cash In an Effective and Cheap Way

"Although more consumers are adopting online payment alternatives, there is still a big percentage of buyers who prefer to use cash for a variety of reasons," Saunders points out. "Cash isn't going away anytime soon, so shops must keep this payment option available to meet demand."

As a result, it's critical for companies to improve how they manage their cash flow at the money counter.

"Where cash automation technologies come in," adds Saunders, "retailers must balance the need to allow cash payments with the need to streamline their operations and ensure the business can be run securely."

Cash mechanization brings the operations and maintenance comfort of electronic payments to physical money, comparable to the advantages of contactless payments, by greatly reducing manual supervision and the possibilities for mistakes in payment processing.

Putting Cash Automation to Work

In practice, how do cash automated systems look?

These innovations, including digital payment choices, automate portions of money management. Cash automation is still in its early stages, but cash counters and discriminators, cash recycling plants, and intelligent safes are some of the most typical uses

"The management of currency bills and coins will be revolutionized by cashless automation technologies," he believes. "Shop owners who predominantly run cash-based enterprises are currently devoting a significant amount of time to cash duties."

When compared to counting and categorizing money by hand, the length of time saved by a machine that can number and categorize money in minutes is enormous. This is not even taking into account the improved precision.

Do you require assistance regarding your cash automation process at your money counter processings, feel free to connect with Bankers Equipment today and have your choice of cash automation solutions right away.

Organizations of all types are embracing cash automation employment manual tasks in the age of digital transformation, then diverting the time and energy saved into offering differentiated user experiences. This trend covers a lot of ground when it comes to cash handling.

In the financial services sector, the term "cash management" is widely employed. Everyone, from the CEO to the janitor, understands the need for proper cash handling and money management. The necessity of cash handling, on the other hand, can be overlooked in the retail industry.

ARCA's Jeff Hauser, marketing professional, and retail market expert highlighted a few of the reasons why cash handling is so critical.

"Cash processing is critical in the retail industry," Hauser added, "especially as competition and the urge to differentiate through customer experience grows." "It's vital to establish loyal customer bases by focusing less on payment administration and more on customer engagement."

So, what can go wrong if you don't handle your money properly? Here's what you should know:

Retail’s Most Common Issues

"Retail Cash Management" is defined as the process of collecting and disbursing money in a firm through a cash counter. This encompasses teller interactions and ATMs, to name a few instances at a bank. Cash handling over the cash counter in retail includes everything from the point of purchase to day-to-day managing money.

"Managing cash increases efficiency and security."

Before we go over the ins and outs of successful cash handling, it's important to understand what can go wrong if you don't have it. The following are three prevalent issues in the retail industry:

Inadequate Thorough Research

Due diligence is one of the most important reasons for cash-handling procedures at the cash counter. Do you always know where your money is? Do you have any idea who has access to it or where it's going? You'll have these answers if you manage your money well. You could quickly run into issues with book-keeping, fraud, theft, errors, and cash flow if you don't have it.

There Is No Paper Trace

The lack of a paper trail is the second typical issue. Retail Cash Management guarantees that you are aware of where your money is and who has access to it. On the other hand, ineffective systems will make it much more difficult to detect and correct issues.

This implies you won't be able to trace a discrepancy in your safe back to its source if you detect it at the end of the day.

Faults in Security

The third issue that arises frequently is one security. Retail Cash Management, whether through regulations or technology, can help your company become more secure.

You'll have more control over your money, including who has access to it, which will help you avoid fraud, theft, and security breaches. Your company's financial security may be jeopardized if you don't handle cash.

If you require any assistance regarding your bank’s cash counter retail cash handling, then please do not forget to connect with Bankers Equipment and get your retail cash management with ease today...

While these are only three frequent issues, proper retail cash management will help your organization in a variety of ways, the most important of which is increased efficiency, security, and convenience.

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.

“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

The idea of branch transformation has become the hot buzzword in the financial industry for incorporating technology into your financial delivery services. Many bankers seem that branch transformation means becoming more in need of technology-based services instead of providing personal touch dealings.

Know about Branch Transformation 

A modify or change you do in your business can fall under the type of branch transformation. You must be aware of the changes that can be a benefit to your business, and what is essential to make them flourish. Again, branch transformation does not always have to mean technology developments; it can be as simple as changing how your employees interact with your clients.

There is no one-size-fits-all when it comes to branch transformation. It is really identifying what type of bank branch design transformation can help you realize your goals and planned initiatives. Branch transformation usually revolves around altering and improving the experience you provide to clients. 

Experts in Branch Transformation

From taking advantage of your staffing model to implementing the right expertise for enhanced efficiencies and stronger customer relationships, Bankers Equipment Service is to support you with all your branch transformation needs. With over 80 years of experience serving banks and credit unions in Cash Management, we know what it takes to change your branch to meet your customers' needs. We value how to help you be successful and make your organization different from the competition.

We at Bankers Equipment Service have partnered with worldwide industry leaders to provide a comprehensive approach to branch transformation, which includes assessing: branch location & traffic, branch design and layout, branch equipment, strategic branding, its systems, in-person interactions, and branch talent.

So, what are you waiting for? Go and find the right Cash Management technology at Bankers Equipment Service. Contact at 952-890-6661 for a free consultation and find out how the BES team can help you increase profitability and better serve your clientele. 

Welcoming a technology-dependent system in your organization could result in reducing human errors to a great extent. Managing finances is one of the most tedious as well as error-prone tasks. The chances of errors are significantly high here and this is the reason why introducing good technological equipment for handling this task could reduce the time as well as increase its efficiency. One of the tools which have been preferred by many businesses or retailers now a day is the cash recycler. Some people are aware of this machine and it is uses, whereas there are also some people who have no clue what this is about. Given below are few details on a cash recycler that would give you a fair idea about it: -

●     Cash recycler machines or CRMs could soon replace ATMs because of the benefits it provides. An ATM only facilitates an individual to withdraw, however, CRM allow the people to accomplish both the tasks, i.e. withdraw as well as deposit.

●     The CRM is capable of detecting if the currency notes are counterfeit or not. When the person keeps the notes for depositing, the notes are placed on the feeder where it is made to pass through an identifier. The identifier checks the validity as well as the denomination of the banknotes. After this, the banknotes are automatically deposited into separate cassettes in the machine. These deposited notes than can be used for dispensing to the customers. This is the reason why this machine has been named as a recycler, as it collects and deposits money from the depositor and gives it to those who wish to withdraw it.

●       The process that is carried out by the recycler machine in real-time or quick. Once deposited, a person receives the receipt of the deposit immediately which is basically the acknowledgement of the transaction. For a valid transaction to happen, an individual would require a valid debit card.

Such machines in the bank are really a boon as they reduce the responsibilities and work of the bank staff. Also, they provide more comfort and ease to the customers too. If you are looking for buying a good quality and up to date cash recycler then you must avail the services of Bankers Equipment. Also, this company provides other valuable services too, such as branch transformation to facilitate its clients with the most benefits. 

Most of the companies, especially banks are looking for the best branch transformation solution which can help them in developing their company in a better way. And for the same, the companies and business establishments need the best branch transformation solutions from the best companies. They have to ensure that they get the best company for getting the finest branch transformation solutions. We will get to see some of the branch transformation solutions here. But before we see the different types of the solutions, we must know what the branch transformation is. 

Branch transformation is the latest technology which helps the companies and banks to develop their firms. And these are some of the branch transformation solutions:

• First branch transformation solution is cash recyclers

In most of the business establishments there are problems regarding the safety of the cash deposits made by their customers, especially when there are many customers. But if they have the cash recyclers, then they can keep their cash safe and they can also dispense the cash whenever they want.Thisway people can deposit their cash safely and take them back as new notes.

• Another branch transformation solution is the Lobby self service coins

The lobby self-service coins helps in eliminating the need of depositing coins at the cash counter, and if you hire the best branch transformation company, then they will help you in giving the lobby self service coins which helps the customers and the business establishments in having an advanced transformation of their businesses.

• Next branch transformation solution is the self service kiosks

Most of the companies are looking for an efficient way to enhance their business, and they are looking for the best companies who can provide them these solutions. Self service kiosks help intransforming your business into the next level. They help people in knowing the banking or business details from kiosks.

• Another branch transformation solution is coin and currency sorter

Coin and currency sorter help in maintaining the cash counters in an effective way.  Coin and currency sorter help in easy sorting of the cash and coins and keeps them safe.

Hence, these are some of the branch transformation solutions that must be opted for by businesses having regular cash management and handling problems.