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Gabriel Breunhölder
by Gabriel Breunhölder

Electronic cash register systems have become an indispensable part of the retail industry. They provide an overview, accelerate processes and often even allow goods and services to be sold from any location. However, they do not yet solve one problem: cash differences at the end of the day, which shop assistants and managers always have to deal with. After all, someone has to make sure that the cash register is correct at the end of the day. This costs time, causes frustration and strains the nerves.

 

Cash register errors are a thing of the past

With the Axon.ivy Digital Business Platform's cash difference management system, manual, tedious recounting is a thing of the past. An intuitive user interface helps with troubleshooting and correction of cash balances. Depending on the system, the platform quickly traces deposit, safe or cash differences back to their causes. Errors can then be solved immediately or forwarded to the responsible department via a Business Rule Engine (BRE). As part of the Axon.ivy Digital Business Platform, the cash difference management system shifts all processes to the cloud or on-premise. This means that cumbersome handling of different location-based systems is now a thing of the past, as is the late night headaches about cash register errors.

 

Making the right decisions

The overarching reporting structure enables shop managers and executives to maintain a financial overview of several branches in different locations via a intuitive dashboard. For example, developments in cash differences can be compared with each other. This makes an important contribution to further strategic corporate decisions.

The cash difference management system solves challenges in everyday work quickly and efficiently, can be adapted to individual requirements and at the same time integrated seamlessly into the existing IT landscape.

The functions of the Axon.ivy Digital Business Platform help entrepreneurs to save time and concentrate on the essentials: Decisions that move the company forward.

AXON Ivy Tip

Would you like to learn more about the cash transactions reconciliation system by AXON Ivy? We have put together this use case in a nutshell.

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