• Contact Us
  • Skip to primary navigation
  • Skip to main content
  • Skip to footer
Evention Logo

Evention LLC

  • About Us
    • Company Overview
    • The Team
    • Careers
  • Our Solutions
    • Total Recon
    • Tips + Gratuities
    • InstaTip
    • Payment Direct
    • Group Billing
  • Areas of Expertise
    • Hotels
    • Restaurants
    • Retail
    • Entertainment
  • Resources
    • Blog
    • Industry Insights & Case Studies
    • Training
    • FAQ
  • Request a Demo
  • Contact Us

Digitizing Dollars and Dimes: How Robotics and Cloud-Based Animation are Transforming Physical Cash Into Electronic Currency

Back to Blog October 8, 2018

Despite technological advances on multiple financial fronts, most modern day money continues to be managed just as it was centuries ago.  In fact, cash management wise, not much has changed since the introduction of coins around 5000 BC.

Money continues to be counted, stored in safes, and audited.  Yet, theft, counterfeiting, and proper transportation and tracking remain hurdles to quality management of cold hard coin and bill capital.

digitizing dollars and dimes

The automation evolution is beginning to bring the management of cash into increasingly streamlined and safe practices.  For instance, incorporating robotics and cloud-based management into the distribution, tracking, acceptance, and transmission of cash virtually eliminates error.  This reinvention of cash management is driving down costs and changing perception of cash from metal and paper to currency that can be digitized.

Evention’s most recent white paper, Digitizing Dollars & Dimes: How Robotics and Cloud-Based Automation are Transforming Physical Cash into Electronic Currency, gives a glimpse into automated cash management – a practice projected to be the mainstream modern method for back office financial operations.  This study considers how the move toward automation impacts a spectrum of industries including hospitality, retail, and grocery.

Download Digitizing Dollars and Dimes here.

Featured Posts

The Future of Quick Service Restaurants

Eliminating Hours of Manual Work with Credit Recon’s Fully Automated Reconciliation Solution

Staying Ahead of the Curve

Footer

  • About Us
  • Resources
  • Blog
  • FAQ
  • Careers

121 W. Wacker Dr.
Suite 3200
Chicago, IL 60601
(773) 733-4256

Privacy Policy. InstaTip Terms of Use.

Evention LLC ©

2023

All Rights Reserved.