The Key Benefits Include

Opening APG's SMARTtill® Intelligent Cash Drawer is a traditional heavy duty cash drawer with integrated weighment technology under each coin and bill compartment. The SMARTtill® Cash Management Solution offers benefits to Retailers at the Point of Sale, and across an entire organization in the areas of: Loss Prevention, Operations, Treasury, and improved Data Analytics.

Operations The key benefits include:  Reducing the number of minutes spent counting drawer tills on a daily (or random) basis o Ultimately saving retailers many hours spent counting their cash both in lanes and the back office.  Eradicating manual daily security drawer till checks o Enabling faster service to customers.  Investigation time for cash transaction errors is reduced dramatically. o Time saved can be redeployed back into the store, focusing on customer experience and service.  Reduced time for end of day reconciliation o One large customer has been able to redeploy 300 hours back onto the store. Would that be of interest to your organization?

Treasury The key treasury benefits vary depending upon the POS accountability methods used:  For Cashier Accountability processes, instead of maintaining spare drawer tills by cashier, the SMARTtill Solution allows retailers to reduce their petty cash requirements between 50 and 75%. Could your company benefit from putting that "dead" cash back into circulation?  For Lane Accountability processes, benefits are derived from improved CIT management. The data collected from the SMARTtill Solution allows retailers to control the number of visits, and the management of the coins and bills in circulation.

Loss Prevention This benefit is less commonly discussed, for perhaps a variety of reasons.  Retailers have shared that they are reducing their cash loss at the register between 70 and 90% and in one case as high as 93%.  One large retailer realized a weekly return (converted to USD) of $300,000 per week. Would that be important to your organization?

Data Analytics When integrated with the retailer's back office, the data stream from the SMARTtill® solution supplies retailers with additional Business Intelligence. Those benefits includeManager Alerts for Cash Pulls, Cash Top Ups, and Cash Transaction Errors.

The management information includes:  Instant cashier profiling and drawer till performances analysis.  Customer change queries are dealt within seconds with virtually no impact on transaction time.

Talking points for promoting SMARTtill technology Talking points for promoting SMARTtill technology