Staley Technologies can provide a variety of scalable solutions for cash management in cash-heavy retail or hospitality operations. These cash management systems, cash recyclers, and other solutions significantly reduce the time and cost of managing cash in-store, improve accuracy, and reduce discrepancies.
These solutions allow companies to:
- Eliminate highly expensive, fragile, and bulky cassettes, reducing storage space at the cash room, CIT vehicles, and on-premise
- Speed up cash processing and cash recycling within the cash room with perfectly stacked notes
- Insert stacking bags in transport boxes equipped with ink dyed systems used by the major manufacturers
- Save on labor costs by reducing hours needed to handle, process, and recycle cash
Cash Management is a complex machine that handles a couple of simple, but important tasks—accepting, dispensing, and recycling cash. It also stores money securely, keeps an accurate accounting of cash on hand, and automates the cash cycle. Generally, you’ll find them in banks, credit unions and back-office retail cash rooms.
In a cash recycler, banknotes are placed into a feeder and passed through a bill identifier to determine the denomination and validity of the banknotes. This cash is then stored in separate cassettes or modules for dispensing in future transactions. So, it’s the very definition of recycling, the cash that is deposited to a cash recycler is the same cash dispensed from it.
Cash recycling isn’t a product or a service — it’s a holistic approach to cash management. By automating and streamlining manual cash handling processes with the right cash recycler, coin sorter, or other cash management solution, it impacts every process and person in a financial institution.