The term cash recycling might be a little confusing when you first hear it. You may think that the cash is being recycled in the typical way that paper or plastic goods get recycled by making a new product out of an old one. In this instance, recycling refers to the process by which the cash is cycled through a currency handling system.
A cash recycler is a complex machine that handles a variety of functions. It does more than your typical cash counters. It accepts and dispenses cash by securely storing the money and keeping an accurate count of the funds inside. Cash recycler machines also contain the technology to detect counterfeit bills. The cash cycle is automated thanks to this machine by handling transactions and withdrawals with high efficiency. By storing the cash that comes in then doling it back out to you, your cash is recycled, eliminating the need to ship and order more money. This keeps the cash flow rolling.
Cash recycling has proven to be beneficial for commercial businesses as a cash management system. Primarily used by financial institutions and large retailers, cash recyclers help to streamline cash handling processes. By employing this system, operational expenses and labor costs are reduced. In addition to a more efficient system, businesses can also enjoy the accuracy and security that these machines provide.
Some lesser known benefits of a cash recycler include less vault transactions and important time saved. When tellers are dispensing money to consumers, they can only keep a certain amount of money on hand to minimize risk. If the tellers acquire too much money in their drawers or are running low, they?ll need to take trips to the vault to either deposit the extra cash or take out more. This process can waste precious time and hinder productivity. In most cases, a vault trip must have two employees for safety purposes. Although this is a mandatory procedure, you?re pulling another worker away from their desk, thus hampering productivity for another employee. Save time with cash recyclers to always have the right amount of money on hand and spend less time travelling to and from the vault.
Due to their safety and efficiency, cash recyclers are an excellent choice for businesses who handle large amounts of cash or cheques. Consider the benefits and get a cash recycler for your company today!