Retail - Cash Tracking and Cash Settlement
In the retail industry, accurate cash tracking and cash settlement is an essential component of everyday business operations. Every retailer wants to substantially limit cash losses, reduce cash inventory, and efficiently manage all cash-management processes in the retail cash office. The CIM™ application is a comprehensive software system whose retail configuration enables stores to gain control over every aspect of their cash operations. (CIM supports cash tracking and settlement in the cash rooms and cash offices of individual stores, regional cash processing centers, third-parties such as banks, and by in-store cashier self-settlement.) CIM reduces retail shrinkage and retailers’ costs, saves time, and contributes to improved enterprise accounting.
CIM™ cash tracking and settlement software:
- offers user-centric configurability options unique in the industry
- increases cash-office and cash-room productivity because of:
- a simple interface (take in the screen contents at one glance) - interfaces to:
- multiple POS systems
- general ledger system
- sales audit system
- works with any currency scanners, check encoders, coin sorters, etc.
- handles 16 media categories – cash, coupons, checks, credit cards, gift certificates etc.
- permits customization of transaction 320 items
- handles multiple currencies
- creates and tracks each register’s starting cash bank or “float”
- picks up and processes money, checks, refunds, etc. from registers throughout the day
- monitors each register’s or cashier’s performance
- keeps track of inventory in cash-office safe
- tracks cash pick-ups
- prepares bank deposits
- prepares 100 different reports, including volumes, losses, and trends
- minimizes employee training time
- maintains a history of all transactions or entries
- procedural configuration options to match user preferences and requirements (e.g. few keystrokes required for any action)
- high-speed data processing