Warren Buffett once said: "Cash is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent." Digital and mobile payments are becoming more popular. So, the disadvantages of physical cash appear more obvious and the advantages increasingly less.This makes it more important to maintain a clear perspective. In this article, ...

Safes have been around for centuries, evolving into various forms to keep valuables secure. Whether you're protecting important documents, safeguarding precious jewellery, or stashing emergency cash in an unpredictable neighbourhood, a reliable safe offers peace of mind.Two of the most popular and secure options are wall safes and floor safes. While they share common purposes, each has distinct features that set them apart.So, which one ...

A cash float in retail is the amount of cash kept in the cash register at the start of the working day. It aids overall efficient and smooth cash flow including the easy provision of change to customers.Calculating the current cash float during daily operations is important as it helps in financial projections and accurately reveals upcoming liabilities.This blog will cover a general overview of cash ...

Counterfeit bills have long been a problem for businesses, but did you know they've even been used as an instrument of war?During World War II, Operation Bernhard was a secret Nazi plan to flood the British economy with counterfeit Bank of England notes, aiming to destabilise the economy. The counterfeit notes were so meticulously crafted that they were nearly indistinguishable from genuine ones, even by ...

Cash recycling machines and ATMs play vital roles in cash management, ensuring efficiency for businesses and accessibility for customers.In this article, we examine the intricacies of cash recycling machines and ATMs, as well as their key differences.What are Cash Recycling Machines?Cash recycling machines are machines used to automate cash handling in financial institutions or businesses.They recycle cash for future transactions. This means they take a ...

Handling and counting coins is a big part of some businesses' day-to-day activities.It can be a difficult and time-consuming task.Fortunately, modern coin counting machines and scales can significantly improve processes around this.Let's look at how they do this. What are coin counters? Coin counting machines are automated devices that efficiently count large quantities of different types of coins. Cash counting machines play a ...

Safes and vaults have long stored civilisations' most valuable physical treasures.They can be both physically impressive and technologically sophisticated - a true embodiment of security.They have even inspired philosophical musings. For example, the philosopher Ludwig Wittgenstein wrote:"Philosophy is like trying to open a safe with a combination lock: each little adjustment of the dials seems to achieve nothing, only when everything is in place does ...

There are many different types of safes and vaults. And all of them have the same essential purpose: to store and protect valuable items. However, there are important differences between each storage device worth considering. These influence the suitability of each solution for different organisations and scenarios. Let's analyse both the apparent and subtle differences between vaults and safes. What are vaults? Vaults are large ...