Retail businesses ‘count success’ accurately with Cashmaster One
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Cashmaster, one of the leading companies in the global cash-management sector, is demonstrating the transformational cost and time savings that retailers can enjoy when using its latest range of cash-counting scales, Cashmaster One, at Retail Asia Expo (RAE). It is also unveiling Cashmaster Connect, its new cash management application which gives retailers greater ‘real time’ visibility of their cash.The UK-based company is exhibiting for the first time at this year’s RAE which is being held on 13-15 June 2017 in the Hong Kong Convention and Exhibition Centre (Booth L12).
Gordon McKie, CEO at Cashmaster, commented. “In the last year, we established our Asia Sales and Support headquarters in Hong Kong so it’s the perfect time for us to be participating in such a key exhibition.”
“All our devices are designed and manufactured in Scotland but we work with businesses world wide, most recently with large retailers in Asia. We understand the highly competitive nature of the markets where our customers operate, which drives them to seek efficiency and process improvements across their organisations. This is where count-by-weight products can help make a tangible and significant difference – driving accuracy and efficiency in cash-management processes and ultimately making a positive impact on their bottom line.”
Mr McKie pointed out that retailers counting their tills using a Cashmaster count-by-weight device can transform how they manage their day-to-day cash counts and cash-management processes. Manual counting is still commonplace in many retail outlets and it can take up to 10 minutes to perform a single count. Using a count-by-weight device allows organisations to count their tills in less than a minute, helping to drive efficiency improvements that deliver cost savings, reduce cash shrinkage and provide much tighter control and visibility of their cash.
“Count-by-weight technology delivers measurable cost and staff time savings almost immediately and our customers typically see a return on their investment in 8-12 weeks,” he concluded.
UK design and manufacture Cashmaster has over 30-years’ experience in the cash-management sector, designing and manufacturing all its products in the UK. Its latest range of devices, Cashmaster One, incorporates a smart-phone style touch-screen and a highly intuitive icon-driven user interface, making it the easiest to use cash counter on the market. With its optional integral printer, Cashmaster One is the smallest footprint device the company has ever made, ideal for retail environments where space is at a premium.
New Cashmaster Connect The availability of pertinent, ‘real-time’ management information (MI) is fast becoming a key prerequisite of the physical cash-management sector. The growth in software platforms is a clear indicator that good MI and greater cash visibility is becoming more important to all businesses whether large or small.
“Count-by-weight technology delivers measurable cost and staff time savings almost immediately and our customers typically see a return on their investment in 8-12 weeks,”
The new application, which allows users to connect their Cashmaster cash counter to their Windows PC, laptop or tablet, gives retailers a simple way to record cash-count data from tills accurately and efficiently in a matter of seconds. Cashmaster Connect allows users in busy retail environments to automatically output till counts in Excel format. This means retailers can capture important cash data, making financial reporting easier and more accurate than ever.
Working in partnership
As part of the company’s wider strategy for providing a complete cash-management solution for its customers in small and large enterprise organisations, 2017 will see Cashmaster working in close partnership with key providers of both software and hardware product solutions that target retail and other sectors.
Amanda Treend, Group Product and Marketing Director at Cashmaster, commented “We receive daily feedback from our customers on how our Cashmaster count-by-weight devices have an immediate impact on their cash management with real improvements in efficiency, accuracy and cost savings. Managing your cash successfully tends not to be a single product fix. Cashmaster technology is designed to integrate seamlessly with a variety of cash-management hardware.
“We’re delighted that our Cashmaster Connect application and the strategic partnerships we are developing will significantly expand our cash-management solutions offer to retailers of all sizes around the globe, whether they are sole traders or large enterprises.”
Questions & Answers
Q.What is the primary benefit for retailers using Cashmaster’s count-by-weight devices?
What is the primary benefit for retailers using Cashmaster’s count-by-weight devices?
Retailers can count tills in under a minute, significantly faster than manual methods which take up to 10 minutes. This drives efficiency, reduces cash shrinkage, and provides tighter control over their cash, with a typical return on investment in 8-12 weeks.
Q.Where are Cashmaster’s products designed and manufactured?
Where are Cashmaster’s products designed and manufactured?
All Cashmaster devices are designed and manufactured in Scotland, United Kingdom. However, the company works with businesses globally, and recently established an Asia Sales and Support headquarters in Hong Kong.
Q.How does Cashmaster Connect help retailers manage cash?
How does Cashmaster Connect help retailers manage cash?
Cashmaster Connect is a new application that allows users to connect their cash counter to a Windows PC, laptop, or tablet. It enables accurate and efficient recording of cash-count data, automatically outputting till counts in Excel format for easier financial reporting.
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