Reduce cash loss and counteract shrink
Enhance store efficiency with Cash Management Solutions
Move your cash handling operations to the next level with the SMARTtill Solution®, the Intelligent Cash Drawer, with its unique ability to automatically reconcile the cash in the drawer to sales made. The technology saves on front and back office labour costs whilst also reducing losses related to cash theft by up to 90% providing a very attractive ROI between 9-20 months for the retailer. The solution is currently deployed in the hospitality, grocery & convenience sectors across Europe where speedy operations are absolutely vital for excellent customer service.
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Depending on the vertical and cash handling procedure, with the SMARTtill Cash Management Solution deployed, businesses can typically save 15-30 minutes per day, per POS on cash counts. The time cut out from a retailer’s procedure can be redeployed to profit generating activities.
The SMARTtill Solution® can send instant alerts to the back office at the exact time a discrepancy occurs. When tied to CCTV, time and date stamped footage pinpoints transaction errors decreasing the time it takes to complete a cash loss investigation.
The SMARTtill Solution® reduces the amount of dead cash stored in the cash drawers or in the safes at the POS. When properly paired with data analytics, retailers can also utilize the cash data gathered to minimize the frequency of armoured car services (CIT) pick up costs.
When integrated with the headquarters’ cash management or loss prevention systems, the data stream supplies retailers with additional business intelligence including manager security alerts, cash transaction errors operational alerts, cash lifts, float top ups, instant cashier profiling and cash drawer performance analysis.