Cash Drawers in Reduction of Cash Handling Costs
Modern retail is all about the speed of service and efficiency of the store employees. The customers today do not have time to spare at the long billing queues. This is one reason why online shopping has become prevalent.
Therefore, for offline departmental and food stores to retain business it is important to speed up the process. This is however tough to accomplish with the numerous costs of cash handling. This is where the point of sale systems steps in with their intelligent cash drawers.
The Inconvenience in Manual Cash Handling
There are many issues related to the task of cash handling by a human. Human beings are prone to a certain level of errors and a hundred percent accuracy in calculation and cash management is impossible. Some industries also face the problem of reckless or inefficient staff performance that can cause huge losses in cash handling.
The time spent in counting cash daily and transporting the money to the banks periodically is time-consuming. Moreover, if there is any inconsistency in the tally with product sales and cash collected, it is near impossible to pinpoint where the error was made.
Less Manpower Allocation at The Billing Station
The earlier cash collection systems were tiring to manage and required heavy rotation of shifts. This meant most of the store staff had to be assigned for billing or till. With cash tray the task of billing becomes effortless.
The employee at the billing counter does not need to do any calculations the cash drawers do it for him. The number of employees thus free for store supervision and other tasks increases. A consequent rise in employee productivity is thus relevant.
High-Speed Cash Counting
To count cash collected at the end of the day is a highly monotonous task. The chances of human error or negligence in matters of money are undesirable. The anomalies between sales reflected by product purchases and the value of cash collected can be hard to resolve. This issue is overcome with pos cash drawers.
They make cash counting at the end of the day completely unnecessary as it keeps totaling the cash collected with every sale.