NEW YORK--(BUSINESS WIRE)--Retailers can now know the exact amount of cash held in a drawer at any given time. Tellermate, the global leader in electronic cash counters, announced the new sliding drawer option of its Intelligent Cash Environment, T-ice (pronounced Tice), to debut this week at NRF 2015. The sliding drawer complements the existing flip-top till which is currently available in the European market. T-ice fits seamlessly into the checkout process, automatically tracking the exact amount of cash available in a drawer at any given time, eliminating the need for manual cash counting at the point of sale.
“With the accuracy of real-time reporting and alerts, T-ice is able to significantly streamline current cash counting processes saving retailers time and money,” says Dave Lunn, Group Sales Director at Tellermate. “We have seen such significant results with our T-ice customers in the UK reducing their weekly cash shrink to virtually $0. This savings makes T-ice the perfect fit for large retailers looking to streamline their cash counting process and improve operational efficiency.”
Benefits of an integrated solution:
- Eliminate the need for manual cash counting
- Real time alerts for pickups, change requests and discrepancies
- Provide a transaction by transaction audit trail for multiple operators sharing the same cash drawer
Jim Stone, VP of Marketing at Tellermate said “T-ice represents a major advancement in cash management technology by allowing retailers to completely rethink how they manage their cash. They have a tremendous potential to reduce or reallocate thousands of labor hours from cash counting activities while having greater information to manage the organizations cash inventory. From a loss prevention and customer service perspective, it can virtually eliminate overs and shorts.”
Experience T-ice at NRF 2015, booth #3824.
For over 30 years, Tellermate has been helping Fortune 500 retailers do more by helping them count cash quickly, accurately and efficiently. Tellermate is trusted by over 250,000 businesses, including the world's largest retailer and six of the top ten quick service restaurant chains. Tellermate systems process over $2 billion daily in over 20 currencies and across 30 countries. Tellermate is headquartered in Newport, UK with regional offices in Atlanta, Paris, Heidelberg and Barcelona.
Sources: The Global Retail Theft Barometer