Company News • 02.05.2016

Intelligent cash drawer is honored in UK

Cash Bases wins prestigious "Enterprise in Innovation" award

The Queen’s Awards for Enterprise are made each year....
The Queen’s Awards for Enterprise are made each year.
Source: Cash Bases

Cash Bases Limited has won the Queen’s Awards for Enterprise in Innovation 2016 for itsSMARTtill™ Intelligent Cash Drawer. The award signifies another great accolade in the history of this company.

A global provider of cash management solutions, Cash Bases designs and manufactures a wide range of innovative products for its customers that enhance security and efficiency at the point of sale.

The Queen’s Awards for Enterprise are made each year by Her Majesty the Queen, on the advice of the British Prime Minister, who is assisted by an Advisory Committee that includes representatives of Government, industry and commerce, and the trade unions. The Awards are given solely on merit and competition is fierce. The number of Awards presented each year is not pre-set and depends on the quality of the applications received.

Supplier
Logo: Cash Bases

Cash Bases

The Drove
BN9 0LA Newhaven, East Sussex
UK
Cash Bases Team 2016.
Cash Bases Team 2016.
Source: Cash Bases

Phil Stone, Managing Director at Cash Bases said: “A Queen’s Award is the highest honor that can be bestowed on a UK company. I am delighted that Cash Bases has received this internationally renowned and highly sought after award in recognition of its contribution to British enterprise. This award has been achieved through the sustained effort of our staff, who have continued to drive business forward by cultivating cutting-edge solutions for our customers. We won our first Queen’s Award in 1995 for Export Achievement and another in 2000 for Enterprise International Trade. We will continue to fly the flag for Britain with our commitment to global product innovation and manufacturing excellence.”

A Cash Bases employee commented: “The Queen is the most recognizable woman in the world and, on her 90th birthday, there can be no greater honor than to receive an award in her name. This will be a story for all of us to share with our children and grandchildren for years to come.”

As well as attending the celebratory reception at Buckingham Palace, Cash Bases will also be visited by a Royal representative, so that the whole workforce can join in with the celebration, and will be presented with a crystal bowl to mark the achievement.

SMARTtill at UK grocery retailer Costcutter.
SMARTtill at UK grocery retailer Costcutter.
Source: Cash Bases

The award winning innovation

The award is a consequence of Cash Bases’ dedication and determination to lead the field in ground breaking cash drawer technology and cash management solutions. Cash Bases drew on over 30 years of experience to develop the innovative SMARTtill™ Technology; which has been designed to combat the ever-present problem of cash loss and reduce the costs associated with managing the cash in a variety of retail and hospitality outlets.

The pioneering SMARTtill™ Solution is the first intelligent cash drawer in the market that automatically counts the contents of the drawer and reconciles the value of cash held to the sales made; enabling businesses to track every coin and note in their cash drawer.  It also generates alerts when there is not enough or, in some cases, too much cash in the till. Retailers that use the SMARTtill™ Solution are able to eliminate the need to regularly count the cash in the till and utilize the labor hours it saves to increase sales by providing a better customer experience. Other benefits includes the early identification of cash discrepancies; businesses now have a deterrent and tool with which to significantly reduce the cost of cash losses.

The new technology was first embraced by Tesco UK in a roll-out into its Tesco Extra and Superstore’s outlets and now many retailers in Europe are looking to adopt the solution.

The innovation has helped Cash Bases Limited to grow both financially and in staff numbers, and has led to high profile orders from Tesco. In August 2015 Cash Bases merged with APG Cash Drawer of Minneapolis Minnesota, USA. The new combined entity is taking theSMARTtill™ Solution into the United States’ retail markets.

Source: Cash Bases

related articles:

popular articles:

Thumbnail-Photo: The safety barrier you need right now
02.06.2020   #customer satisfaction #security

The safety barrier you need right now

Poindus ProShield is an effective protection screen.

Safeguards like social distancing implemented in-store during staff-customer interactions are enhanced with our ProShield, an effective protection screen that provides an additional layer of protection for cashiers & customers at the point of ...

Thumbnail-Photo: RetailTech Lab opened a national test center in Denmark...
23.06.2020   #payment systems #marketing research

RetailTech Lab opened a national test center in Denmark

The store of the future has opened in Lyngby. One of the partners is the IT company Delfi Technologies.

On June 16, 2020, RetailTech Lab opened its doors to a national test center in the Danish mall “Lyngby Storcenter”. New technology for the retail industry will be tested in close interaction between entrepreneurs, retailers and ...

Thumbnail-Photo: eBay’s management of payments begins scaling globally...
24.07.2020   #online trading #e-commerce

eBay’s management of payments begins scaling globally

Payments initiative reaches a milestone as the Operating Agreement with PayPal expires

Starting today (July 20th), eBay will begin expanding its management of payments around the globe. The company embarked on its journey to manage the end-to-end payments process on its marketplace platform in late 2018 and is already seeing success ...

Thumbnail-Photo: Bright future for Copenhagen-based Irma Store...
15.06.2020   #electronic shelf labels (ESL) #price labelling

Bright future for Copenhagen-based Irma Store

Automatic price updates with ESL

Irma Smedetoften is located in the heart of Copenhagen's Northwest Quarter. The area around the Irma store is part of an urban development project where, among other things, the local trade district will be strengthened. Irma has also recently ...

Thumbnail-Photo: Quantity discount on the WIMIsys PT51!
05.08.2020   #POS systems #displays

Quantity discount on the WIMIsys PT51!

From now until September 30th: 10% discount on the WIMIsys PT51 POS System when purchased together with a Swissbit TSE solution

Are you looking for TSE compliant POS solution for your customers in bakery, restaurant or retail shop? ...

Thumbnail-Photo: “Dear shopping cart, please show me the way!“...
06.07.2020   #self-checkout systems #scanner

“Dear shopping cart, please show me the way!“

Shopping Cart 2.0 – gimmick or idea with intrinsic value?

Not all shopping carts are the same... far from it! Digitization and automation also put their stamp on this aspect of the retail sector. What’s usually a plain, large basket on wheels that makes it easier for shoppers to transport products ...

Thumbnail-Photo: World’s first convenience store retrofitted with AI technology...
14.08.2020   #video surveillance #video cameras

World’s first convenience store retrofitted with AI technology

Standard Cognition to provide Circle K with autonomous checkout

Standard (“Standard Cognition”) announced that Alimentation Couche-Tard, a company that operates close to 14,500 convenience stores worldwide, including under the global brand Circle K, has selected Standard to pilot touchless, ...

Thumbnail-Photo: Stay safe with VariPOS
11.05.2020   #cashpoints #terminals

Stay safe with VariPOS

How technology helps – Stay safe at the point of sale

Technologies for product identification and payment authentication are great for improving the customer experience with speed and accuracy, but these technologies are also being seen as beneficial in the wake of the Coronavirus Pandemic. ...

Thumbnail-Photo: Interface for quick serial emulation and enhanced mPOS integration...
26.06.2020   #POS systems #software applications

Interface for quick serial emulation and enhanced mPOS integration

APG expands mobile interface portfolio to enhance connectivity options at the point of sale

APG Cash Drawer, a fast-growing global manufacturer of cash management solutions, announced today the release of a new USB interface option: the 485 USBProLite™ USB to Serial Emulation Interface. This interface solution extends the ...

Thumbnail-Photo: Disposition and shelf maintenance in times of Corona...
19.08.2020   #POS marketing #shop equipment

Disposition and shelf maintenance in times of Corona

Tools for shelf management

The CPG industry is currently experiencing turbulent times just as much as retail. Challenges such as the ban on field sales force visits or the sudden increase in demand for some articles, which leads to gaps in the shelf and loss of sales, are ...

Supplier

CCV GmbH
CCV GmbH
Gewerbering 1
84072 Au i.d.Hallertau
Apostore GmbH
Apostore GmbH
Uferstraße 10
45881 Gelsenkirchen
Poindus HQ - Taiwan
Poindus HQ - Taiwan
5F., No.59, Ln. 77, Xing-Ai Rd.,Neihu Dist.
Taipei City 114
APG Cash Drawer
APG Cash Drawer
4 The Drove
BN9 0LA Newhaven
SALTO Systems GmbH
SALTO Systems GmbH
Schwelmer Str. 245
42389 Wuppertal
POS TUNING Udo Voßhenrich GmbH & Co KG
POS TUNING Udo Voßhenrich GmbH & Co KG
Am Zubringer 8
32107 Bad Salzuflen
Reflexis Systems GmbH
Reflexis Systems GmbH
Kokkolastr. 5-7
40882 Ratingen
Adasys GmbH – a Poindus Company
Adasys GmbH – a Poindus Company
Max-Planck-Straße 10
70806 Kornwestheim
Delfi Technologies GmbH
Delfi Technologies GmbH
Landgraben 75
24232 Schönkirchen