LOUISVILLE, Ky. — Stretching resources is a concern for business owners in this turbulent economic climate — especially in the retail sector, as consumers are doing more to preserve their disposable income.
Friday, in a poll on NBC's Today show Web site, 56 percent of respondents said they are cutting back by driving less (e.g. buying less gas), and 25 percent said they are cutting shopping trips in half to save money.
Such consumer efforts to pinch pennies mean the time for retailers to seriously explore money-saving solutions is now. In an effort to help guide them, ArcaTech Systems has released a special report that details how cash-recycling devices can be just that. "Reduce Retail Labor Costs: The Business Case for Cash Recyclers" takes a look at these machines and the ways in which they can help business owners cut costs.
"Retailers are suddenly realizing that the thing that's costing them the most is handling money," said Phil Garvis, retail-cash-management solutions expert for Wincor Nixdorf International, a manufacturer of cash recyclers.
"It costs them more labor to handle money. Times are tough and competition is tough, and retailers have to squeeze every dollar out they can."
According to the report, cash recyclers help reduce spending overall by eliminating the need for an employee to handle a store's money supply — freeing that employee up for other duties and saving valuable time. Furthermore, the machines offer more security than traditional cash-management methods and are easy for employees to operate.
