Article | September 15, 2017

Data Analytics Enhances Cash Management For Retailers

Source: APG Cash Drawer, LLC

By Nick Markwell, Senior Account Manager, APG Cash Drawer

Cash loss is one of the biggest challenges faced by retailers, and most of it currently results from internal theft. But even without taking theft into account, cash management is time-consuming and expensive, boosting operating expenses for retailers. The time spent manually counting cash, conducting top offs and lifts eats away at a retailer’s bottom line.

Detailed analytic reports help get cash-related expenses under control by keeping track of every penny that flows in and out of a cash drawer. This capability is available with our SMARTtill® Cash Management Solution. Our Intelligent Cash Drawers know exactly how much money is in a till by bill and coin denomination providing businesses intelligence to improve store operations and reduce cash loss, CIT fees and dead cash

Intelligent Cash Drawers provide retailers with accurate cash counts in real time while also generating data that can be used later for analysis. Through analytics, retailers can fine-tune their cash processes to make them as efficient as possible.