Company News • 02.05.2016

Intelligent cash drawer is honored in UK

Cash Bases wins prestigious "Enterprise in Innovation" award

The Queen’s Awards for Enterprise are made each year....
The Queen’s Awards for Enterprise are made each year.
Source: Cash Bases

Cash Bases Limited has won the Queen’s Awards for Enterprise in Innovation 2016 for itsSMARTtill™ Intelligent Cash Drawer. The award signifies another great accolade in the history of this company.

A global provider of cash management solutions, Cash Bases designs and manufactures a wide range of innovative products for its customers that enhance security and efficiency at the point of sale.

The Queen’s Awards for Enterprise are made each year by Her Majesty the Queen, on the advice of the British Prime Minister, who is assisted by an Advisory Committee that includes representatives of Government, industry and commerce, and the trade unions. The Awards are given solely on merit and competition is fierce. The number of Awards presented each year is not pre-set and depends on the quality of the applications received.

Supplier
Logo: Cash Bases

Cash Bases

The Drove
BN9 0LA Newhaven, East Sussex
UK
Cash Bases Team 2016.
Cash Bases Team 2016.
Source: Cash Bases

Phil Stone, Managing Director at Cash Bases said: “A Queen’s Award is the highest honor that can be bestowed on a UK company. I am delighted that Cash Bases has received this internationally renowned and highly sought after award in recognition of its contribution to British enterprise. This award has been achieved through the sustained effort of our staff, who have continued to drive business forward by cultivating cutting-edge solutions for our customers. We won our first Queen’s Award in 1995 for Export Achievement and another in 2000 for Enterprise International Trade. We will continue to fly the flag for Britain with our commitment to global product innovation and manufacturing excellence.”

A Cash Bases employee commented: “The Queen is the most recognizable woman in the world and, on her 90th birthday, there can be no greater honor than to receive an award in her name. This will be a story for all of us to share with our children and grandchildren for years to come.”

As well as attending the celebratory reception at Buckingham Palace, Cash Bases will also be visited by a Royal representative, so that the whole workforce can join in with the celebration, and will be presented with a crystal bowl to mark the achievement.

SMARTtill at UK grocery retailer Costcutter.
SMARTtill at UK grocery retailer Costcutter.
Source: Cash Bases

The award winning innovation

The award is a consequence of Cash Bases’ dedication and determination to lead the field in ground breaking cash drawer technology and cash management solutions. Cash Bases drew on over 30 years of experience to develop the innovative SMARTtill™ Technology; which has been designed to combat the ever-present problem of cash loss and reduce the costs associated with managing the cash in a variety of retail and hospitality outlets.

The pioneering SMARTtill™ Solution is the first intelligent cash drawer in the market that automatically counts the contents of the drawer and reconciles the value of cash held to the sales made; enabling businesses to track every coin and note in their cash drawer.  It also generates alerts when there is not enough or, in some cases, too much cash in the till. Retailers that use the SMARTtill™ Solution are able to eliminate the need to regularly count the cash in the till and utilize the labor hours it saves to increase sales by providing a better customer experience. Other benefits includes the early identification of cash discrepancies; businesses now have a deterrent and tool with which to significantly reduce the cost of cash losses.

The new technology was first embraced by Tesco UK in a roll-out into its Tesco Extra and Superstore’s outlets and now many retailers in Europe are looking to adopt the solution.

The innovation has helped Cash Bases Limited to grow both financially and in staff numbers, and has led to high profile orders from Tesco. In August 2015 Cash Bases merged with APG Cash Drawer of Minneapolis Minnesota, USA. The new combined entity is taking theSMARTtill™ Solution into the United States’ retail markets.

Source: Cash Bases

related articles:

popular articles:

Thumbnail-Photo: New year brings new regulations
13.09.2019   #data management #receipt printer

New year brings new regulations

What are the big changes for German point of sales systems come 2020?

Big changes are coming to Germany’s point of sale systems starting January 1, 2020. Two terms that are tossed around in this connection are "Belegausgabepflicht" (Receipt Provision Ordinance) and ...

Thumbnail-Photo: The future of retail: AI is changing everything...
08.07.2019   #digital marketing #visual merchandising

The future of retail: AI is changing everything

AI-enabled systems help retailers understand their customers

For retailers, winning is still all about delighting the customer. The trick is to move fast enough and to be as nimble as possible to satisfy the customer not only today, but in the future. ...

Thumbnail-Photo: A simple, fast, intuitive payment experience...
02.09.2019   #cashpoints #epos components

A simple, fast, intuitive payment experience

Are POS systems all about a perfect and versatile device?

"The perfect all-rounder POS device that’s ideal for all retail applications has not been created yet," says Oliver Kapahnke Managing Director at GLORY Deutschland. "But that’s OK.” In this interview, he talks ...

Thumbnail-Photo: 45th anniversary of the barcode in retail
01.07.2019   #barcode scanner #qr code

45th anniversary of the barcode in retail

GS1 US celebrates the barcode’s relevance as the backbone of commerce

GS1 US®, the information standards organization best known as the administrator of UPC barcodes, this week celebrates 45 years since the debut and first scan of the iconic barcode. On June 26, 1974, a pack of Wrigley's chewing gum carrying a ...

Thumbnail-Photo: Cash Register Security Regulation
13.09.2019   #security #cashpoints

Cash Register Security Regulation

Status quo and remaining tasks

In Germany, the so-called Kassensicherungsverordnung (KassenSichV or Cash Register Security Regulation) enters into force on January 1, 2020, and will affect more than three million point of sale (PoS) systems. At that time, cash registers in ...

Thumbnail-Photo: Internal communication via app at Modehaus Ramelow...
03.06.2019   #personnel management #app

Internal communication via app at Modehaus Ramelow

Mobile chat works as a bulletin board

What's new at Modehaus Ramelow? The fashion retailer’s employees can check PIA - and share information to their heart’s content. PIA is an app for "private information exchange".More and more internal communication ...

Thumbnail-Photo: Silver Surfers: Older adults ride the wave of mobile technology and shop...
01.08.2019   #online trading #e-commerce

Silver Surfers: Older adults ride the wave of mobile technology and shop online

The increasing importance of e-commerce for senior citizens

You are wrong if you think it’s mostly young people who spend time online. Older adults are also increasingly embracing online shopping with enthusiasm.In this interview, Spencer Hinzen, Director of Sales, Central Region, Ruckus Networks, ...

Thumbnail-Photo: APG announces the hiring of Mr. Paul Griffiths as its new president and...
09.08.2019   #cash management #cash drawers

APG announces the hiring of Mr. Paul Griffiths as its new president and CEO

Global cash management solution manufacturer welcomes its new president & CEO Paul Griffiths

APG Cash Drawer, a global manufacturer of cash management solutions announces the hiring of Mr. Paul Griffiths as its President and CEO. Most recently, Mr. Griffiths was the CEO of Birchwood Casey, a sporting goods company working with large ...

Thumbnail-Photo: AVIXA launches the AV Experience Awards
20.09.2019   #digital signage #award

AVIXA launches the AV Experience Awards

Project participants honored in diverse audiovisual technology categories

AVIXA™, the Audiovisual and Integrated Experience Association, is pleased to announce the launch of the AV Experience Awards program to recognize the innovative integration of content, space, and audiovisual technology to enrich ...

Thumbnail-Photo: Smart meters: Be proactive and reap the benefits...
12.08.2019   #energy optimization #electrical installation

Smart meters: Be proactive and reap the benefits

The Metering Point Operation Act calls for smart meter rollout

The black and analog electric meter box has become obsolete: The mandatory smart meter rollout will commence in a few months. What does the installation of digital, smart electric meters mean for retailers and chain stores? ...

Supplier

Delfi Technologies GmbH
Delfi Technologies GmbH
Landgraben 75
24232 Schönkirchen
iXtenso - Magazin für den Einzelhandel
iXtenso - Magazin für den Einzelhandel
Celsiusstraße 43
53125 Bonn
Permaplay Media Solutions GmbH
Permaplay Media Solutions GmbH
Aschmattstr. 8
76532 Baden-Baden
Superdata GmbH
Superdata GmbH
Ruhrstr. 90
22761 Hamburg
APG Cash Drawer
APG Cash Drawer
4 The Drove
BN9 0LA Newhaven