The true cost of managing cash for a business is hard to pin down, especially as a business owner. It’s a less quantifiable cost; while retailers incur a cost to accept debit and credit cards as currency, there’s an inherent cost of labor to accepting cash as well. Simplifying this process for business owners may come in the form of cash recycling technology, which is is “reducing the cost of money” in many unexpected ways.
On today’s Software and Technology Podcast episode, host Sean Heath sat down with Vik Devjee, vice president of CIMA America to discuss ways retailers can reduce the cost of managing cash through cash recycling solutions.
Tech Data Systems partners with CIMA America, a global provider of cash handling solutions for banking, retail, and hospitality industries, specifically cash recycling systems for use in the retail space.