Retail Cash Automation
What retail cash automation is
Retail cash automation is the use of hardware and/or software devices that can assist retailers with their daily cash handling processes, such as cash counting, counterfeit detection, end-of-day reconciliation and banking.
Many retailers use manual cash handling processes, which can be time-consuming, inaccurate, more costly and can be a security risk.
Retail cash automation solutions can help businesses become more efficient, more secure and can help save money.
How automated cash handling systems work
Automated cash handling takes the hassle out of daily cash processing, and makes your store more efficient, more secure and saves you money.
Automated cash handling systems, such as our range of CountEasy money counting scales can count a till drawer with 100% accuracy in less than a minute, making setting up a till and counting cash at the end of a day much easier. No errors, no time spent manually counting and so quick your cash counting will reduce from hours to minutes each day.
Or, if you’re looking for something a little more advanced, consider our all-in-one cash handling solutions, the CounterCache intelligent (CCi). The CCi validates, counts and securely stores all your banknotes, keeping them out of sight and reducing the risk of till snatches and internal shrinkage.
It can also be combined with our innovative CashView Enterprise software, which offers in-depth store and banking reporting and gives you full sight of all your cash takings across your store or even your entire estate, to give you a true automated end-to-end cash management solution you can rely on.
Challenges of manual cash handling in retail
Although manual cash handling should be straightforward, it rarely is within most retail environments. Many retailers struggle with the following when it comes to manual handling cash:
- Depositing cash
- Losing time each day to counting cash in each till
- Manual counting errors
- Shrinkage and external theft
- Staff inefficiency
- The ever-present risk of counterfeit banknotes
- Poor audit trails and reporting errors
- Reconciliation
- Secure storage of cash
All of which can cause major headaches for retailers, big or small.
Benefits of cash automation for retailers
The benefits of cash automation for retail businesses are really significant.
For example, our CounterCache intelligent (CCi) solution has been proven to reduce cash handling costs by up to 75%. Even our basic devices like our forgery detectors and CountEasy money counting scales can make a huge difference to the efficiency of your team, the security of your cash, and the safety of your team, eliminating forgeries from entering your business and reducing your cash processing costs.
Take a look at our ROI calculator to see how much money your business could save by using Volumatic solutions.
Our case studies are also worth a read to see the difference Volumatic cash automation solutions can make to both small and large retailers, including the likes of Tesco, Co-op, Halfords and Card Factory.
Automating cash processes in store operations
Integrating automated cash processes to meet your retail store’s needs is easy with Volumatic. Whatever the size of your retail business, we can provide the right automated solution for you.
Our forgery detectors and CountEasy money counting scales are compact and portable, and can sit discreetly at your POS or can be used anywhere else within your stores.
Our all-in-one CCi solution can also fit at POS, but generally need to be mounted under your till furniture. Installation is quick and simple, though, and can be carried out by our engineers.
Our CashView Enterprise cash management software can offer you full visibility of your cash takings in your CCi devices across all the tills in your store or even entire estate, meaning you’re always in control. You’ll get daily reporting, accurate cash counting, the ability to identify and resolve discrepancies quickly and it can even facilitate accelerated credit.
In-store operations are made seamless by Volumatic’s automated cash processes. They will provide next-level efficiency, security and cost savings – and you’ll wonder how you ever lived without them.
Cash automation across different retail environments
Cash automation can work well for any business that accepts cash, and is essential for all kinds of different retailers. Â
Smaller businesses can be helped by the cash automation and efficiency of our CountEasy cash counting scales and our forgery detectors, and can even invest in our CounterCache secure deposit devices to help securely store their cash.
Bigger retailers can benefit from our all-in-one solution, the CounterCache intelligent (CCi) – and intelligent deposit device that does it all – it validates, counts and securely stores your notes, and when combined with our CashView Enterprise software, it becomes a true end-to-end cash management solution.
Retailers who trust Volumatic for their cash automation requirements include Tesco, Halfords, Card Factory, Dobbies, Co-op, JD Sports, and Welcome Break.
Choosing the right cash automation solution
There is a lot of choice when it comes to finding the right cash automation solution, and Volumatic are always happy to discuss the solution or combination of solutions that are right for your business.
If you regularly encounter counterfeit notes, choose from our BV20 SD or BV30 SD counterfeit detectors, which detect all known forgeries and stop them from entering your business at your POS.
If you want an automated solution to avoid time-consuming manual cash counting, look no further than our range of CountEasy scales, which can count a till drawer in less than a minute. You can choose from our basic CountEasy or our more advanced CountEasy TS, with a touchscreen, and you can even opt to have an integrated printer with both models.
If you’re looking for an all-in-one solution that provides you with true end-to-end cash management, then the CCi is the perfect choice. It validates, counts and securely stores your cash, and when integrated with our CashView Enterprise software, it can help you monitor and manage your entire estate, however big or small!
Retail cash automation FAQs
Here is a summary of some of the questions we are asked most frequently about our solutions:
Q) Are Volumatic cash automation solutions accurate and reliable?
A) Yes, we manufacture most of our products, and we test them and build them all to be 100% accurate. Our devices are built to last and are always reliable.
Q) How do I know what cash automation solution is right for my retail business?
A) At Volumatic, we know how important it is to provide you with the right systems and solutions to suit you. We pride ourselves on not giving you the hard sell – we will assess your business needs and make recommendations based on what will make life easier for you and save you time and money.
Q) Will I see a decent ROI if I invest in your cash automation solutions?
A) Absolutely – for example, our customers have reported a saving of up to 75% on processing costs when using our CCi solution – take a look at our ROI calculator to see what return you could see.
How do retailers transition from manual cash handling to automated systems?
Many Volumatic automated cash solutions are plug-&-play and require little training, so if you’re investing in a forgery detector,or our money counting scales you’ll be up and running in no time!
Volumatic are able to arrange for the installation of your CCi and your CashView Enterprise software. We work with a number of third-party installation partners which include G&D, Diebold and NCR.
Typically, the physical installation will take no longer than 30 minutes per device, depending on the configuration of your till furniture. We will work with you to find a time to install everything to minimise downtime in your store(s).
Generally, once our customers switch from manual to automated cash solutions, they say they would never go back!
What types of retail businesses benefit most from cash automation?
Any retail business that accept cash can benefit from cash automation solutions.
Many consumers are turning back to cash to help them budget in the midst of the ongoing cost-of-living crisis, so it’s important for retailers to continue accepting cash and have the right tools in place to make sure they can deal with it efficiently and cost-effectively, and feel the full benefit.
Processing cash manually can be time-consuming for your in-store teams, so finding a cash automation solution will be of great benefit, allowing you to spend more time with your customers and on other key tasks. These solutions will also protect your staff from theft, reduce shrinkage and eliminate counterfeit notes entering your business, which will boost your profits and leave you with a safer and happier workforce.
Can retail cash automation help speed up store closing procedures?
Yes, retail cash automation solutions can make end-of-day cash processing so much quicker and easier.
If you count tills, our automated cash counting scales can count a till drawer in less than a minute, meaning you can literally turn hours of work into mere minutes each day.
And if you are using our intelligent deposit device, the CCi, along with our CashView Enterprise cash management software, you’ll get a clear view of your daily takings, any discrepancies can be easily identified and resolved, banking reports are ready, and your cash is ready to be collected by your CiT company in our tamper-proof pouches. You can even get accelerated credit with some banks.
How does cash automation support compliance and auditing?
Cash compliance and cash auditing are the procedures businesses use to ensure that all their cash takings are handled accurately, safely and legally. Compliance involves setting specific, non-negotiable rules to prevent things like fraud and money laundering, while auditing tests these rules to verify every penny is accounted for – and these are two areas relevant – and very important – to retail businesses.
With this in mind, our CashView Enterprise cash management software can be enhanced even further with apps that help support your compliance and auditing processes.
Our CashView Balance app provides unbeatable store level reconciliation, allowing youto quickly and easily reconcile cash in your CCi devices, till drawers and pouches, ready for banking against expected cash values in store. By doing this it allows you to keep to your compliance procedures.
It also provides a full audit trail, giving greater control over cash in your stores and across your estate, helping you to identify and deal with any issues quickly and efficiently.
Does retail cash automation affect cash collection or banking processes?
Yes – but in a wholly positive way!
Our CashView Connect app, available as an add-on to our CashView Enterprise cash management software, links your CCi cash data seamlessly with third parties – such as your CiT provider or cash processor to create a genuine end-to-end, one-touch cash management solution.
This allows for dynamic CiT collections – minimising CiT costs and reducing risk from predictable pickups.
In turn, this helps facilitate accelerated credit with approved CiT and banking partners, eliminating time lags between accepting payment and crediting your account.
