Automating Cashflow is Empowering Retail Associates

 

We may live in the age of plastic, but 50% of transactions under $10 are still done in cash. There is more cash in circulation than ever before. In short, cash isn’t going anywhere. But, retailers know all too well that cash is fluid and hard to keep track of throughout the day as it flows in and out of the till.

So how do retailers keep track of legal tender, specifically coins, coming in and out of their store? We explore this question on this episode of MarketScale’s Retail Podcast with David Barclay, vice president of marketing for Tidel, as we discuss paper cash and how automated solutions can help stores manage their flow of cash.

Retail stores, particularly grocery and big box stores, are perhaps suffering the most from the difficulties of handling liquid cash. On a day-to-day basis, a store is losing profit as a result of the human element needed to handle coins and bills. But Barclay was adamant that stores need not eat into their profits by handling physical money.

Automated solutions, like that provided by Tidel, Barclay said, can help increase store efficiency and lead to “optimal use of store labor.” The biggest hurdle facing stores is that they “…don’t know at any one time how much cash you have on hand,” he said.

As a result, cash is susceptible to theft, mishandling, and miscounting. Automated systems create better cash visibility, and the “ability to develop predictive models,” Barclay said, which empowers stores with useful data for greater profit. Automated cash monitoring systems are not just for retail. Tidel’s software has made its way into the healthcare, education, and entertainment sectors.

More than just a network to monitor cash flow, Tidel helps businesses run more efficiently, which trickles into every part of the operation. The Tidel advantage is best summed up in the situation we’ve all been in–standing in line, waiting for an employe to count a handful of coins. Automated systems like Tidel’s, Barclay said, “…takes the manual counting of cash off the table.”

Follow us on social media for the latest updates in B2B!

Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

AMAG Technology
AMAG Technology: Control, Reliability, and Customer-First Supply Chain Excellence
April 2, 2025

At AMAG Technology, being customer-obsessed goes beyond a mindset—it’s built into every part of the operation. One of the company’s greatest strengths lies in its ability to manufacture its own products, offering a level of supply chain control that few competitors can match. Allan Price, Head of Global Supply Chain at AMAG, emphasizes how this…

Read More
visitor management solution
Reinventing Visitor Management Solution with Symmetry GUEST
April 2, 2025

In an age where speed and security are paramount, the traditional paper logbook is becoming a relic of the past. AMAG Technology’s Symmetry Guest system offers a modern, digital solution that redefines the way organizations welcome and manage visitors. Gone are the days of long lines and confusion at the front desk—Symmetry Guest empowers hosts…

Read More
AMAG
Driven by Customers, Defined by Innovation: Inside AMAG’s Customer-Obsessed Approach
April 2, 2025

AMAG Technology continues to strengthen its customer-obsessed culture by actively listening to both internal and external voices. As shared by Kyle Gordon, Executive Vice President of Global Sales, Marketing, & Commercial Excellence, the company is focused on improving processes, responding with speed, and driving innovation—while honoring its legacy and delivering unique value within the industry.

Read More
biotech
Biotech Moves Smarter: IDDI Powers Data-Driven Drug Innovation
April 2, 2025

As biotech innovation accelerates, small and mid-size pharmaceutical companies are becoming key players in bringing new treatments to market. Yet many of these organizations face steep challenges when navigating clinical trial design, regulatory approval, and data integrity. According to a McKinsey Global Institute report, industries like biotech could help generate up to $50 trillion…

Read More