10.01.13

Wincor Nixdorf presents closed-cycle cash management solutions for retailers at "National Retail Federation Big Show"

Cash handling for retailers is laborious and expensive. Store employees spend too much time counting cash holdings, and logistics costs are high. At the "National Retail Federation Big Show" in New York, Wincor Nixdorf is presenting solutions that enable retailers to increase the efficiency of their cash handling processed - from the checkout to cash logistics. Specializing in innovative IT solutions for retail businesses, Wincor Nixdorf shows how modular POS components, software and services combine to create a closed cash cycle in retailing.
Wincor Nixdorf's new technology optimizes cash handling and enhances security by using a standardized cash cassette. Notes are sorted and stored in intelligent cassettes right at the point of sale. A chip "memorizes" the cash holdings in every single cassette, eliminating the need for manual counting and re-checking. The time and effort needed to prepare cash drawers at the cash office is also eliminated, since these processes are now automated.
To optimize cash processes at the checkout zone and to offer retailers all the advantages of a closed cash cycle, Wincor Nixdorf integrates its CINEO solutions in its self-checkout system. Cash is collected in a mobile drum module, transported securely to the cash office and automatically consolidated in a CINEO solution for the cash office. The result is an end-to-end, closed and secure process - from when cash is taken at the checkout to the cash-in-transit operator. The TPCash software monitors the filling level of all cash recycling solutions and ensures that cash is available and can be issued in the checkout zone when required.
Wincor Nixdorf is the only vendor to offer a unified technological approach for automated cash handling in different checkout scenarios through to the cash office of a retail business.
Automation and optimization of cash handling relieves store employees of routine tasks, such as counting money and other cash-management tasks, enabling them to be assigned to more valuable duties, such as providing customers with service or selling more products.
"Automation of cash handling creates advantages for retailers and customers alike. It's easier for new employees to get to know the ropes, checkouts can be opened faster at peak times and there is greater security and transparency for all cash processes. The result is an overall increase in productivity and competitiveness," says Patrick Leonard, Vice President Retail at Wincor Nixdorf, North America. He adds that Wincor Nixdorf has already demonstrated the retailer's bank can be integrated in closed cash cycles. Deposits can be credited immediately to the company's account, strengthening the relationship between the retailer and bank by ensuring maximum security, transparency and efficiency.

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