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Understanding Cash Counting Machines

Understanding Cash Counting Machines

Finances are the most important factor of any business. When the budget is not right, everything else will not be accurate. If you want to count business money that is in stacks, cash counting machines will really come in handy. Mechanical counting does not cut it anymore.

Advantages of cash counting machines

As their name suggests, cash counting machines are reliable. They will easily pile your notes and accurately count them. Your business should use cash counting machine because:

  • They save time

Mechanical counting processes take up a lot of time and effort. However, cash counters are fast, efficient and incredibly save on time. The time saved when using a cash counting machine could be put to better use in ensuring that the business does not lose any investments.

  • They have 100% accuracy

Cash counting machines quickly counts wards of notes and are very accurate. In case you want to double-check the accuracy of the machines, you can always decide to count twice.

  • Cash counting machines can count in different currencies

A good cash counting machine is very versatile and often depicts the counted results in different currencies such as dollars, Euros or Swiss Rends. Multiple sets of machines are not required for this; one cash counting machine covers everything.

  • They are a security measure

Cash counting machines easily identify take notes using their in-built high security system. This means that you will always be guaranteed of good cash flow.

These machines also have a clear display which will ensure that you are hassle- free in viewing your currencies; there are different types of cash counting machines.

Factors to consider when choosing a cash counting machine

  1. The counting speed

For your business and transaction convenience, you need a fast cash counting machine. This will speed up many working procedures. Always check for precision, balance and notes per second that can be counted by machines.

  1. The feeder size

The feeder makes the machines generally productive. They are important because this is where the cash is ‘fed’. A good feeder size capacity will expedite the cash counting features.

  1. Additional features

Good cash counting machines support batching. This means that the machine will instantly count but it will then stop and allow you to separate your batches.

  1. Mistake and fake note detection ability

A cash counting machine is of no use if it does not count effectively. A machine that easily notices errors will benefit your business by ensuring you don’t suffer any loses.

  1. Mixed bill counters and sorters

A cash counting machine should also count different currencies. Better counting machines will sort the same currencies in different stocks.

Different cash counting machines that will keep your New Zealand business going include the banknote only counters, the coin counters, coin sorters and invention currency counting machines. They will see you through all your financial endeavors. It’s important to keep pace with the most sophisticated technology. The latest advancement goes a longer way in giving you profits.


Cash counters good to go with new New Zealand currency

New Zealand has announced the introduction of new bank notes. We are pleased to confirm that our units can be re-calibrated, meaning they can accommodate the second new type of notes.

 

It is important to choose a cash counter that is updatable or can be re-calibrated. Many other models sold throughout the country are lacking in this feature, or are often locked to prevent tampering. Our devices do not have that restriction.


How can a cash counter help your business?

By using an electronic device to rapidly count cash, a cash counter, such as our Beakon models, are great in improving accuracy, but actually saving on wage costs. That means in most cases, these cash counters will pay for themselves.

 

A typical cash handling business will find that they spend up to 30 minutes a day cashing up. In most cases, that’s $20-30 a day in wages. For businesses with more registers and cash, this can be as much as an hour. And sometimes even involve two people. That could, per day, cost as much as $50 or $60.

 

By using an electronic cash counter, our integrated scale system can weigh and calculate how many notes and coins, are present, and then produce a running total.

 

Cashing up now takes as little as 2 minutes with one of these devices. In fact one of the common lines we hear from our customers are that they are surprised by how quickly these units work!

 


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Improving Business Efficiency

For years now, Beakon has been supporting businesses in eliminating waste and raising efficiency. Working to better manage the ‘backend’ of your business – or simply, the bit the customer doesn’t see – is a fantastic way to trim down costs and run a more efficient business, where staff are best using their talents, rather than getting locked up in mundane tasks. This also means cost savings that can be passed on to a customer, or profits that can be used elsewhere.

Providing management, vehicle tracking, and cash solution systems, Beakon has been helping businesses looking to raise ‘lean operations’ where costs and losses are minimised. Our customers, namely directors, managers, and their end staff, have been able to raise profits through trimming expenses, as in many cases the solutions we provide pay for themselves.

GPS Tracking: These units typically pay for themselves after being able to identify unauthorised vehicle use by employees, as well as poor driving habits, such as longer routes being taken. All of these can be identified through our software system provided to clients.

Cash Solutions and Handling: For any business that handles cash, a lot of time is consumed counting cash registers, notes, and coins. By speeding up the process through electronic systems that are affordable, business owners almost always find these units also pay for themselves.

Employee time management systems: By allowing businesses to track those that work in the business, companies no longer have to worry about the issue of employees coming to work late, or going home early. By identifying just one employee who goes home 10 minutes early every week, a cost saving can be found for the business.