Hoteliers are no strangers to the cash management headaches involved in handling large sums of cash, day-in and day-out. When management is dependent on manual processes, it is no easy task to guarantee accurate organization and tracking of cash.
Cash Recycling provides the immediate remedy for these cash management headaches. Check out the top 3 benefits of hotel Cash Recycling, according to our customers:
1) Productivity savings scored big! For example, by implementing cash recycling, one hotel property saved 2,310 hours per year, equivocating to $33,600 per year. With hotel cash recycling, instantaneous machine automation replaces the counting, sorting, and balancing of cash. Cutting out the manual tasks involved in cash handling cultivate process efficiency for both cashier employees and managers.
2) Cash tracking and security are now simple and guaranteed. Not only did our customers report a 25%-50% reduction in house float, but also increased cash accountability among employees with automated cash journals and electronic reporting for all cash transactions.
3) Beyond the time-cost savings reported by our customers, properties experienced an approximate direct cost savings of $3,000 per month with bank and courier fees. Automation eliminates the need for courier envelope verification and associated bank fees, providing a significant direct cost savings.
It’s no surprise that automation simplifies operations and saves resources expenditures – Yet, in addition, customers experienced the complete ROI benefits in less than 24 months. How’s that for efficiency!