Planet Antares scam alert blog on tips & advice on various vending scams for entrepreneurs and operators.

Wednesday, March 12, 2008

Vending Machine Technology For Cash Counting And Sorting

One of the greatest issues in vending business is that of accountability. Majority of the vending machine business owners are facing problems regarding this element. Fortunately, Planet Antares vending operators can enjoy more accountability with the help of technical advances in money counting equipment and the ability to interface with management software.

Technical innovations like the newer coin and currency counting and sorting equipment enables operators to track and monitor collections at the Planet Antares machine level on a daily basis. This enables them to handle more business with fewer employees who have been assigned to collection, sorting and bagging of money because these systems have become more versatile and faster.

Every few days, coin and currency counting and sorting equipment manufacturers continue to introduce new features in vending machines. A recent survey of vending operators including Planet Antares vending operators indicated the varying views on the benefits of the different features available. It has been found that some small vending operators are using some of the most advanced counting and sorting equipment while large companies believe that manual counting and sorting is the most sensible decision.

Most of the Planet Antares vending operators agreed that significant progress has been made in the several years that have passed with the ability to interface counting and sorting equipment with management software. Currency sorters can interface with coin sorters and then interface with the main business software. This lets a Planet Antares vending operator to immediately know the total collected amount from a machine.

The need for someone to read handwritten totals from a ledger or a print out and key it into a computer has been eliminated with the help of a software interface. Such an automated process has greatly reduced the chance of human error. It has also given employees the ability to monitor machine collections on desktop computers as the coins and bills are counted and sorted.
Depending on your needs and business objectives, the process can simply interface the currency sorter with the coin sorter or interface with handheld devices and bar code readers.