Coin handling solutions for a better business

In a world gone digital, it’s easy to forget how important physical currency can be in our day-to-day lives. From running the car wash through paying for parking or using a laundromat machine, what seems like just ‘pocket change’ can quickly add up to big profit. What’s not so profitable, however, is wasting huge swathes of the day counting those coins by hand. Coin sorters can be revolutionary for industries that rely on small change to thrive. That’s why LJI International is taking a look at the key ways coin handling solutions could revolutionise your business.

Time saved

Of course, this is going to be one of the biggest perks of using automatic coin counting. A machine can achieve effortlessly what a human simply can’t. And they do it faster, too. All you need to do is set a target amount and let it do its job. The coin counter can even give you a running total as it works. 

This frees up your most valuable asset- your staff- for other, more important work. They can focus on their other duties, and you have the peace of mind of knowing fast, accurate coin counting is on your side.

Greater accuracy

Talking about accuracy, this is a key component of automatic coin handling solutions. Humans make mistakes (and not all humans are honest). The more coins to sort, the more likely a mistake will creep in. Once a mistake is made, it can have irritating knock-on effects, too. We all know the sinking feeling of having to start from scratch, or waste hours trying to hunt down one innocent mistake, just to correct a balance sheet error. A coin counter can get the job done with far fewer mistakes and no downtime, and still do it faster than a human could. 

No losses 

This improved track record doesn’t just make for easier record keeping, either. Counting errors can risk cash losses, as well as wasted business time. While coin-based losses can seem small at first glance, imagine those losses building up over time. Significant shrinkage can happen over a week or a year, and it’s all coming out of your pocket. By automating the process, you’re investing in a valuable loss-reduction strategy, and keeping the profit exactly where it’s meant to be- in your hands. 

Enhance contactless business practices

In the modern business landscape, it’s critical that those hands stay clean and sanitised, too! More and more businesses are looking for ways to go completely contactless, enhancing the safety of staff and customers alike. Yet physical currency is notorious as a source of dirt and germs. What are you going to do if your business thrives on handling coins? Let the machine do the dangerous work, and help your staff stay safe and sanitary. 

Always there

Of course, some smaller firms may already use external coin handling solutions, or simply take their takings to a bank. Yet not only is this a waste of staff time that could be used more productively, it also leaves you inconvenienced (at best) and at risk (at worst). If your staff can’t do a quick and accurate daily tally, then they’re vulnerable to theft and criminal activity, especially if your shift sizes are small and they would have to stay late. With your own coin sorters right at hand, the takings can be quickly and accurately tallied almost immediately, keeping your business and staff safer.

Life’s too short to count coins by hand. When you invest in automatic coin handling solutions from LJI International, you’re taking a key step towards faster, safer, and more accurate cash handling. Enjoy greater productivity and cost savings the modern way.