As the saying goes, “cash is king.” Nowhere is this more true than in the realm of businesses, small and large. Strong cash flow, or the difference in your company’s cash in versus cash out, is integral to any successful business. But improving that cash flow isn’t always easy. A large part of the challenge lies in currency itself and the inherent challenges handling it presents.
From counting to sorting to processing, the receipt of cash and cheque payments is time consuming and risky. Employees must spend valuable hours counting and re-counting and re-counting again any cash that comes in to ensure accuracy. Cheques must be verified, prepared for deposit, and taken to the bank. With every currency and cheque interaction there is the increased risk of fraud.
Money counterfeiting remains one of the oldest crimes in history. With today’s high quality and low-cost digital printing technologies, counterfeiting of bank notes and cheques has only become more common. The good news is technology has also improved on the side of good with high quality scanners and fraud-fighter counterfeit machines to help businesses catch counterfeit currency before it crosses their threshold.
So how can you increase your cash flow and combat fraud all the while saving your business time and money? Easy: by investing in currency counting and cheque scanning machines.
Currency counter machines
From currency counting to coin sorts, cash management machines can help you increase your cash flow by efficiently tallying your cash inflows and catching discrepancies, all the while saving your employees valuable time and energy.
Two of the main reasons businesses turn to currency counting machines is for the time savings and improved accuracy they provide. To count notes by hand requires a great deal of time. Employees must spend hours counting the bills two or three times per day to ensure accuracy. Rather than wasting valuable time and money paying your team to count every bill by hand, you can leverage a currency counting machine instead.
The same holds true of coin sorter and counter. Allow your employees the freedom to dedicate their valuable time to customer service and money-generating activities while a sorter and counter organizes and tallies the days coin currency for them.
Greater currency counting efficiency means your business can realize its cash flow faster. You can calculate your net cash flow in minutes rather than hours, enabling you to make important business decisions in a far more timely manner. In addition, by using currency counting machines, you’re guaranteed greater accuracy in your final cash flow calculations.
Even the best trained employees occasionally make mistakes. When it comes to counting money, the opportunity for error is as great as ever. With cash counting machines, however, your business is guaranteed 100% accuracy on its cash transactions. With its high accuracy, cash scanners counters help reduce potential losses and detect discrepancies.
Cheque scanners
Similar to cash counters, high quality scanners for cheques can save you time and increase cash flow by help in you quickly and efficiently deposit cheques. High quality scanners allow you to scan cheques throughout the day. Without having to wait for bank processing times, you can obtain faster access to your cash. Faster access to cash translates directly into improved cash flow as it frees up that valuable revenue for you to use towards cash generating endeavors. Not to mention the way cheque scanners free up your valuable employees so they can spend their time increasing revenue as opposed to making trip after trip to the bank.
Cheque scanning equipment puts cheque depositing onto your schedule. The bank approved and high quality scanners will prepare your deposits for you, so you and your employees can spend your time on more important tasks.
Counterfeit detectors
No cash management solution is complete without counterfeit detection. While cash and coin counters ensure 100% accuracy, a counterfeit detector ensures authenticity. By using various light technologies such as infrared which can detect over 60 different world-wide currencies, high quality scanners help you catch counterfeit currency before it contaminates your cash flow calculations.
Improving cash flow made easy
Increasing your business’s cash flow can be as easy as one plus two plus three: currency counters plus cheque scanners plus fraud-detectors.
