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Contact Us. When you are managing large amounts of cash on a daily basis, you must ensure that you are using the best strategies for the volume and the industry that you are working in. There are many cash management strategies available to you today. Automating this process makes double counting obsolete. Most casinos want to have cash on hand to pay these big winners right away. Andrea Lombardi Andrea joined the CashTech team upon its inception in Find me on:. Andrea lives in Toronto with her husband and two young sons. In order to count, organize, and store all this cash, casinos must implement the right cash management strategies. Here are three cash management strategies to avoid at casinos. Get the Right Solution for Your Business There are many cash management strategies available to you today. Every company will handle and manage its cash differently, picking and choosing the strategies that work best for them. Double counting all your daily counts seems like a sound strategy for reducing the chances of human error. Make bank deposits regularly so you have less cash to manage and handle every day. Ideally, you should only store as much as you need on hand for a typical day at your casino. Keeping a lot of Cash on Hand for Big Winners When you run a gaming establishment, you know that sometimes customers win big. Casinos are bustling with customers who have cash to burn. You might think that your current cash management is as effective as it can possible be, but there are many strategies that simply are not suitable for the gaming industry, and should be avoided in order to ensure that your cash is handled properly and efficiently. New technology is making it easier for these criminals to steal from your establishment, so you need to keep ahead of them by having the most up-to-date and advanced cash management systems possible. You trust it. All Rights Reserved. CashTech Currency Products Inc. You know how your machines work and you feel like they have kept you safe until now, so why upgrade? However, there are easier, more efficient ways to count, sort, and organize your cash. However, not every strategy is right for every industry. Double counting is a good tactic when your employees are doing the counting, but using machines instead to do this work eliminates the chance of human error. You will save valuable time so you and your employees can focus on customer service and other business tasks, while ensuring accuracy. However, keeping a lot of cash in storage for these big-winner occasions only leaves you vulnerable to misplaced money, shrinkage , and theft. When you run a gaming establishment, you know that sometimes customers win big. Double Counting Double counting all your daily counts seems like a sound strategy for reducing the chances of human error. Double counting takes too much time, especially for the high volume of cash on hand at a gaming establishment. You have been using your cash system for years.