Using DEX To Control Cash In Planet Antares Vending Business
If you seek better control over cash shortages and product shrinkage in your Planet Antares vending business, you must install software management solutions and also utilize DEX. You can gain tremendous control with the help of software working with DEX data.
The conventional method used by vending operators to reconcile cash is comparing cash collected to product sold out of a vending machine. This method works but would require inventory of Planet Antares vending machine every time cash is collected. By hiring a driver who runs his own product through vending machines, you can completely circumvent this method.
Another method that can be used for cash control in your Planet Antares vending business is the use of a vend meter in a single price machine, or a cash meter in multi priced machines. Cash and vend meters always offer cumulative data that is compared to the previous reading to derive the difference. The success of this method depends on the accuracy of the meter readings recorded by the driver.
Most of the process can be tightened by capturing the cash meter reading electronically from a machine via a DEX reading during the service. A hired driver will never see the meter reading and it will be captured accurately using a tamper proof method. Of course, this may not solve all cash control problems instantly as capturing a cash meter via DEX goes a long way in avoiding many cash control issues.
Usually, vending operations average a 5% variance between cash expected to cash actually accounted for. Using DEX CASH – audit, you can cut down on the variance to less than 2%. By applying tamper proof DEX cash control in your Planet Antares vending business, you can recover 3% more cash. DEX CASH provides the exact amount of bills in the acceptor and the coins dropped in the collection box. In short, DEX offers a more accurate accountability process.
The conventional method used by vending operators to reconcile cash is comparing cash collected to product sold out of a vending machine. This method works but would require inventory of Planet Antares vending machine every time cash is collected. By hiring a driver who runs his own product through vending machines, you can completely circumvent this method.
Another method that can be used for cash control in your Planet Antares vending business is the use of a vend meter in a single price machine, or a cash meter in multi priced machines. Cash and vend meters always offer cumulative data that is compared to the previous reading to derive the difference. The success of this method depends on the accuracy of the meter readings recorded by the driver.
Most of the process can be tightened by capturing the cash meter reading electronically from a machine via a DEX reading during the service. A hired driver will never see the meter reading and it will be captured accurately using a tamper proof method. Of course, this may not solve all cash control problems instantly as capturing a cash meter via DEX goes a long way in avoiding many cash control issues.
Usually, vending operations average a 5% variance between cash expected to cash actually accounted for. Using DEX CASH – audit, you can cut down on the variance to less than 2%. By applying tamper proof DEX cash control in your Planet Antares vending business, you can recover 3% more cash. DEX CASH provides the exact amount of bills in the acceptor and the coins dropped in the collection box. In short, DEX offers a more accurate accountability process.
posted by Chris Wick | 9:00 AM
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