The latest news about Vendon, industry trends, and practical advice to grow your business
With contactless payments, life is easy – log into Vendon Cloud, watch sales roll in, and receive a daily payout. But that's still quite far from today's reality. The majority of vending and coffee machines still accept cash payments, which makes a robust cash control solution an absolute necessity. For many operators, this is the top priority, as handling cash does not stop at making sure that the coin changer has enough change.
Luckily, Vendon IoT, telemetry, and payment solutions can help you track the cash flow of your machines to the last cent and take care of all of your cash control needs.
In most cases, it's enough to know that the machine is doing fine. But in case you need to drill into the cash situation in each machine, Vendon makes it very easy.
The encashment can turn out to be a whole ordeal since there are multiple steps involved – visit the machine, empty the cashbox and the bill stacker, return to the office, count the money and note the difference.
Vendon is here to assist you every step of the way.
With each sale, the worth of your vending or coffee machine increases, as it can generate hundreds of euros in revenue within a single week. Therefore, leaving the coins and bills out there to brew for long might not be the best decision.
Our route planning tool can help you with this as well – create routes based on the cashbox value to visit machines where the total cash value exceeds a certain amount. If you collect cash at regular intervals regardless of the total value, simply tack on an encashment task to your refill route. For an even more efficient visit, get a list of machines with low tube levels and prepare refill coins in the right amount before the refiller is on his or her way.
One of the main questions on any operator's mind is: Are my machines able to sell? If the coin changer is full of change but out of order, expect to see a zero in your sales reports. With Vendon telemetry solutions, you're automatically in a better position.
Head to Machine monitoring, and you'll see if there's any problem with the coin changer or the bill validator, as their statuses are reported in real-time. Even better, set up notifications to get an alert in case there's something wrong, and dispatch a technician to the location immediately.
You'll be in the know about any temporary issues as well, for instance, a coin jam, or a double arrival, or an interruption in the communication between the machine and the payment device. Noticing this happening frequently? Perhaps it's worth taking a closer look at the device itself.
For a daily overview of the cash situation, turn to Cash log – this report will give you the essential numbers for each machine since the previous cash collection. A quick look will tell you that if there's an empty cashbox or an issue with the available change.
When it comes to cash collection reports, they tell you everything about the cash going in and cash going out: from the number and value of sales to the cash dispensed as change, cashless recharge, the value of tubes, coin refill values, and more. You can always download these reports and submit them to the tax office or the accounting department, or use our APIs to create a direct integration with your ERP system. The report can be automatically sent to a dedicated e-mail address right after encashment is registered as well.
Combine this with a sales report that covers all transactions between two cash collections, and you have a complete cash control solution. And that can only mean one thing – you are well on your way to success.
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Start optimizing your vending or coffee business today and boost your revenue – get in touch with us at firstname.lastname@example.org or your local distributor.