Greetings!
Is cash-handling and mismanagement a major concern at your convenience store?
In 2016, convenience stores generated $550 billion in sales with $347 billion being in cash transactions. Errors and theft at the Point-of-Sale resulted in $4.5 billion cash shrinkage for the industry (
NACS
online). According to a
CSP study,
the following are the most serious concerns to C-stores' operations and success:
- Inefficient cash handling (employee productivity loss: counting, recounting, reconciling, discrepancies, making bank deposits - 70%)
- Cash shrinkage (internal theft - 55%)
- Counterfeit currency (31%)
- Bank deposit discrepancies (fees, time and effort resolving - 25%)
APG's innovative
SMARTtill® Cash Management Solution
reduces your cash losses by up to 90%, saves c-stores 20 minutes or more on cash counts per day, tracks all cash movements, and identifies and flags errors by shift, time, cashier and transaction per POS.
