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Cash deposit machines are automated cash management devices which allow for efficient, secure and accurate cash handling. Retailers and other businesses that deal with large amounts of cash in their day-to-day activities should consider installing one of these machines at their premises to enjoy a host of benefits. In this blog, we will look at 7 key reasons why retailers should use cash deposit machines.

Accurate and fast

Cash deposit machines remove human error in the cash counting process. They automatically scan and count cash quickly and accurately with some machines, such as the one shown below from Guardforce Hong Kong, able to process up to 600 bank notes per minute in any denomination.

Secure

Cash deposit machines are strongly constructed and tamper resistant. They come with various security features such as auto-sealing bags to ensure cash is kept safe. Each user also has an individual passcode to access the machine for additional security and full traceability of cash deposits.

Counterfeit note detection

Another useful feature of cash deposit machines is that they are able to identify counterfeit notes which is notoriously difficult for staff to do.

Convenient

Instead of repeated trips to the bank to deposit cash takings which is time-consuming and risky, cash deposit machines allow retailers to deposit cash securely at their premises at any time, even outside of banking hours.

Manpower and cost saving

Of course, by automating the task of cash counting, it helps to free up staff to perform other duties and could possibly reduce the manpower needed in the shop. It also means less surveillance systems needed of staff physically counting cash.

Full visibility

Machines such as Guardforce Hong Kong’s smart cash deposit machine offer full visibility of cash deposits. Once cash is deposited into the machine, the amounts of each note deposited are displayed on the touch screen and a printed receipt is provided with a detailed breakdown of what was deposited for records. It is linked to cloud platform so authorised personnel can see the real-time cash flow anytime, anywhere via PCs or mobile devices.

Flexible

Guardforce Hong Kong’s smart cash deposit machine is available in various sizes and capacities to suit any kind of premises and can be purchased or rented to fit any budget.

Learn more about Guardforce Hong Kong’s smart cash deposit machine and cash-in-transit service

Installing a cash deposit machine in retail or other business premises that handle large amounts of cash daily offers a great deal of benefits and doesn’t need to break the budget. Guardforce Hong Kong not only supplies state-of-the-art smart cash deposit machines in various sizes with regular maintenance and 24-hour hotline support, it also offers a reliable and trusted cash-in-transit service so cash deposits are safely collected and transported by Guardforce’s professional security guards for counting, verification and banking in. To learn more, click here.