Cash Management
Cash recycler capacity – how much is enough?
Inadequate note capacity results in workarounds that erode the efficiency gains of cash recycler ROI. Surplus capacity encourages staff to stockpile cash and retain too much of a non-performing asset.
So, what is the right capacity?
When selecting a cash recycler, financial institutions and retailers alike must determine the right note capacity to fit their business needs.
Understanding cash volumes in the branch or back office as well as the manual processes surrounding cash is key to determining the note capacity you need. Single control custody, segregated storage and dual control cash procedures are just a few of the manual processes that limit the ability to accurately determine cash inventory requirements. The adage “you can never have too much of a good thing” fails to ring true in the case of cash inventory and cash recycler capacity. The goal of cash recycling isn’t to store as much cash as possible — it is to store only the cash you need and not a dollar more.”
In an attempt to control shrink and limit theft, these manual processes sacrifice inventory control for accountability. Once you understand the limitations imposed by manual cash handling processes, calculating the appropriate capacity for a cash recycler is straightforward.
On average, financial institutions and retailers reduce average cash on hand by 25% – 40% after implementing cash recycler technology. By storing currency centrally in a cash recycler with detailed electronic journal capabilities, businesses eliminate redundancy in denominational inventory without compromising audit and security.
Sesami Solution Experts
The team at Sesami.io consists of innovative and skilled professionals with deep expertise in industry trends and technical knowledge. They have a proven track record of guiding businesses through numerous technology cycles, especially in the retail and financial sectors. Their work involves creating cutting-edge solutions that set new standards for how companies leverage digital technology. Renowned for their analytical skills and strategic insights, the team has led numerous transformative projects, positioning themselves as key influencers in the technology field. Their unwavering commitment to excellence and their drive to expand the possibilities of technology makes them trusted partners in managing the complexities of today's digital world.