We provide Cash Handling Solutions for the Retail Cycle
Countermatic is able to provide a number of solutions to specific problems in the Retail Paymet Cycle:
Better Loss Prevention:The Retail Industries recognize that there are Unexplained losses which can not be traced to a specific event or are unrecorded. Unexplained missing cash attributed to crime (both staff and customer) was estimated at 21 millions of pound in 2002 in the U.KIn order to protect their cash, retailers divert cashiers from their duties to protect the cash in three ways, each adding more cost to the retailers`operations.Current Process1. Till skimming , the periodic removal of cash from the till to reduce the visible cash in the drawer2.Till Spot Checks, regular checking of the till contents to deter any staff theft.3.Cash Office administration to manage till skims, counting and recording the value of the tills skims to add the figure to the later reconciliation process.Solutions1. Use Counter Cache2. Use a cash counter to carry out the spot checks3. Use Smartwedge to automatically record till skimming information
Cash Office Automation: Everything that happens in the cash office is a cost of the retailer. However the cost of running a cash office are high. In addition to the labour which when in the cash office, can not be used with customers to generate sales, the cash office provides a security risk and ties up vital store capital in change for floats and storage of store takings. Most of the cash office required two people to count and reconcile cash daily. In addition it is often hard to find reliable trained staff to efficient manage the cash.Current ProcessTypically a Retailer will have a number of till points per store. On average the time taken to process a till drawer manually will be in the region of 10 minutes per drawer. This process using involves 2 people, 1 counting and 1 checking.Solutions1a. Cash Counter reducing the time to reconcile till drawer by 60 %.1b. Note Counter reducing the time to count all note takings while validating them.1c. Coin counter & sorter reducing the time to count coins and preparing floats.2. Smartwedge reducing manual recording of data.