Costcutter Supermarkets Group is helping its retailers save time and money by introducing the next generation in cash management technology, the SMARTtill™ Intelligent Cash Drawer/
The SMARTtill™ Solution, the first intelligent cash drawer on the market, is currently being trialled within a number of stores and the technology will soon be available to the Group’s 2,600 stores across the UK.
Using the latest weighing technology, the tills count all notes and coins automatically within seconds of the cash drawer being closed. Daily cashing up becomes a thing of the past as the tills automatically reconcile every cash transaction and provide full reports for retailers on vital figures including rolling floats values, change needed, top-up values, pick-up values and sales values, saving retailers up to 30 minutes per day per POS terminal.
Dave Morris, Director of IT, Costcutter Supermarkets Group, said: “Retailers are looking for straight forward technologies that can be implemented quickly and easily whilst bringing real benefits to them and their store. We demonstrated the SMARTtill™ Cash Management Solution at our conference last year and there was a real appetite for it from our retailers. The intelligent cash drawers give retailers another way to create efficiencies within their stores and the results from the trials have been very positive.
“Constantly delivering improved technology to our retailers is a key focus for us throughout 2016 and this new technology follows our wider technology and digital investment which includes our ActivHUB portal, ActivMOBILE app and social media training for store owners.”
Andy Pengelly, owner of Costcutter store in Porthleven, commented: “We’ve just completed an initial trial of the SMARTtill™ Solution, and are really impressed. Not only has it saved time but it gives me an audit trail of cash handling activities instore, which is invaluable for day to day store management.”
Baz Jethwa, owner of Costcutter store in Farnworth, commented: “Since having a SMARTtill™ installed at our Plodder Lane store we are already seeing the benefits. We have not only found it very easy to use, but also found it is saving us a significant amount of time instore. We will be looking to install a SMARTtill™ at our second store on Campbell Street later this year.”
Stephen Bergeron, Vice President of Global Marketing at APG/Cash Bases, the makers of the SMARTtill™ Intelligent Cash Drawer, comments: “We are seeing businesses achieving a reduction in cash losses of up to 90% and a labour savings of some 30 minutes every day for every point of sale. It is through these operational improvements that businesses are achieving an ROI in less than a year utilising the SMARTtill™ Solution.”
The SMARTtill™ Solution is a British Innovation developed and manufactured in the UK by Cash Bases Ltd.