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: Denmarks largest garden center chain is chasing a green profile...
26.06.2019   #sustainability #electronic shelf labels (ESL)

Denmark's largest garden center chain is chasing a green profile

Electronic shelf labels for paper reduction

Plantorama introduces electronic shelf labels in all stores, which significantly reduces the chain's paper consumption. The project will strengthen the chain's green profile and will have a positive influence on the customer experience and ...

Thumbnail-Photo: Frictionless checkout across all channels to build loyalty...
04.07.2019   #mobile payment #customer satisfaction

Frictionless checkout across all channels to build loyalty

H&M and Klarna elevate the shopping experience for US consumers

H&M and Klarna announced that they have expanded their current partnership agreement to also include the US market, in the development of an unrivalled payments and shopping experience across touchpoints. Together, H&M and Klarna are aiming ...

Thumbnail-Photo: Retailers growing produce in automated farms...
10.06.2019   #food technology #food retail

Retailers growing produce in automated farms

A plug-and-play method to grow clean, healthy food

GP Solutions, a developer of modular, automated micro-farms, announced it is developing systems for major retailers.Throughout the world, companies are embracing the concept of growing clean food onsite in easy-to-operate, automated growing pods. ...

Thumbnail-Photo: Cameras, comfort and Artificial Intelligence...
09.04.2019   #security #cashpoints

Cameras, comfort and Artificial Intelligence

Video: What self-checkout systems can already offer today

Self-checkout systems are enjoying ever greater acceptance and are regarded as an important future topic for retailers and customers. ...

Thumbnail-Photo: Changing markets: embracing disruption to harvest opportunity...
18.06.2019   #digitization #event

Changing markets: embracing disruption to harvest opportunity

Reporting from the first annual Retail & Brand Experience World Congress in Barcelona

More than 200 industry insiders highlighted the many challenges facing the retail sector today in interesting talks and lectures.Topics included the customer experience, the use of technologies, digital media, omnichannel strategies, personalization ...

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: New innovative hybrid POS solution for small businesses...
20.05.2019   #pos systems #cashpoints

New innovative hybrid POS solution for small businesses

Posiflex presents a new innovative Hybrid POS solution for small businesses

The Retail market is always evolving, and so is Posiflex. Posiflex continually stays attached to the market and identifies ahead what the market really needs. Posiflex is honored to present its latest innovative Hybrid POS solution, WT-3007A, to the ...

Thumbnail-Photo: Digital Signage Summit Europe - 30 % discount...
07.06.2019   #customer analysis #marketing

Digital Signage Summit Europe - 30 % discount

Many of the world’s foremost digital signage experts, thought leaders and leading technology and service suppliers will come together to present a unique mix of keynotes, conference channels, awards and exhibition showcase.

Now in its 14th year, DSS Europe is the leading European strategy event exploring the business and technology of Digital Signage and DooH - here is a 30% code for our readers – 415839The theme of this year’s conference is ‘Customer ...

Thumbnail-Photo: Goodbye paper receipts: All documents stored in one app...
16.05.2019   #epos systems #cashpoints

Goodbye paper receipts: All documents stored in one app

What happens when the Receipt Provision Ordinance takes effect? We digitize!

They create a lot of work and endless waste: tons of paper receipts from cash registers end up with customers or the waste bin every day. In early 2020, all consumers must be given a purchase receipt in Germany. That’s what the law mandates. ...

Thumbnail-Photo: Secure networking for 8,800 locations
09.04.2019   #security #software developement

Secure networking for 8,800 locations

LANCOM and ecotel to build one of the largest SD-WANs in Europe

The German network infrastructure supplier LANCOM Systems and the Düsseldorf-based ICT company ecotel have concluded a far-reaching cooperation agreement to build one of the largest WAN projects featuring software-defined networking (SDN) in ...

Supplier

APG Cash Drawer
APG Cash Drawer
4 The Drove
BN9 0LA Newhaven
Delfi Technologies GmbH
Delfi Technologies GmbH
Landgraben 75
24232 Schönkirchen
LANCOM Systems GmbH
LANCOM Systems GmbH
Adenauerstraße 20 / B2
52146 Würselen
ROQQIO Commerce Solutions GmbH
ROQQIO Commerce Solutions GmbH
Harburger Schloßstraße 28
21079 Hamburg