Cash payments can significantly impact retailers’ profits depending on if the cash is handled or managed. According to a recent study by Vinnova, about 90 percent of retailers lack a secure and efficient cash management process.
Retailers with an efficient cash management solution enjoy increased revenue, lowered costs, enhanced security and improved customer service.
Many retailers handle their cash manually today. This makes their business vulnerable to errors and shrinkage. Manual handling exposes the business to robberies – with negative effects on revenue, staff and the brand. Manual cash handling diverts resources from the core business and from customer service.