Despite the hype, cash still represents 30% of retail transactions. The time spent physically counting and moving cash is inefficient. Rising labor rates, lack of qualified labor and managing operational costs only exasperate the issue.
Cash shrink is a challenge for retailers amounting to $100B globally in 2018. Manual cash handling accounts for 200 to 500 labor hours monthly per store which equates to 4-15% of costs. Learn about new technology that removes bottlenecks at the POS, improving customer service which impacts your bottom line.