4
mimo-llc.com Sales: (833) 646-6463 MIMO helps businesses shift their focus from cash to customers. Leadership, management and employees are equally frustrated over the amount of time spent managing and handling cash. It’s extremely labor-intensive, puts employees at risk and simply isn’t healthy for anyone to manage. That’s why retailers, casinos, hotels and amusement parks that manage large amounts of cash are seeking automated cash management providers to help them operate smarter, faster and more efficiently. Automated cash management solutions like MIMO allow businesses to prioritize revenue-generating efforts like sales training, customer care programs, internal learning, and opportunity development. A cash management solution is the answer to some of your biggest business challenges. Your first step? Partner with a trusted, leading cash management provider, here’s why. about MIMO The revolution of cash handling for retailers is here, and it’s smart. MIMO’s innovative technology allows for 100% accountability of cash reconciliation, and helps eliminate some of the most common, costly errors. A national leader in cash management solutions, MIMO provides end-to-end automated cash handling solutions to leading companies, particularly in the retail, financial, amusement and gaming industries. At MIMO, we pride ourselves on helping our customers analyze their cash handling procedures, increase accuracy, efficiencies and productivity. Customer care is our priority. With more than 4,000 customer care technicians, providing dedicated support 24 hours a day, seven days a week, our customers feel confident that any cash management challenges are safe and secure with MIMO by their side.

MIMO helps businesses shift their focus from cash to ... · mimo-llc.com Sales: (833) 646-646 With over $1 trillion in circulation globally, cash is widely trusted as a valued form

  • Upload
    others

  • View
    1

  • Download
    0

Embed Size (px)

Citation preview

Page 1: MIMO helps businesses shift their focus from cash to ... · mimo-llc.com Sales: (833) 646-646 With over $1 trillion in circulation globally, cash is widely trusted as a valued form

mimo-llc.com Sales: (833) 646-6463

MIMO helps businesses shift their focus from cash to customers.

Leadership, management and employees are equally frustrated over the amount of time spent managing and handling cash. It’s extremely labor-intensive, puts employees at risk and simply isn’t healthy for anyone to manage. That’s why retailers, casinos, hotels and amusement parks that manage large amounts of cash are seeking automated cash management providers to help them operate smarter, faster and more efficiently.

Automated cash management solutions like MIMO allow businesses to prioritize revenue-generating efforts like sales training, customer care programs, internal learning, and opportunity development. A cash management solution is the answer to some of your biggest business challenges.

Your first step? Partner with a trusted, leading cash management provider, here’s why.

about MIMO

The revolution of cash handling for retailers is

here, and it’s smart.

MIMO’s innovative technology

allows for 100% accountability

of cash reconciliation, and helps

eliminate some of the most

common, costly errors.

A national leader in cash management solutions, MIMO provides end-to-end automated cash handling solutions to leading companies, particularly in the retail, financial, amusement and gaming industries. At MIMO, we pride ourselves on helping our customers analyze their cash handling procedures, increase accuracy, efficiencies and productivity.

Customer care is our priority. With more than 4,000 customer care technicians, providing dedicated support 24 hours a day, seven days a

week, our customers feel confident that any cash management challenges are

safe and secure with MIMO by their side.

Page 2: MIMO helps businesses shift their focus from cash to ... · mimo-llc.com Sales: (833) 646-646 With over $1 trillion in circulation globally, cash is widely trusted as a valued form

Employees are under extreme pressure to sort, count and validate bills. They are also increasingly expected to sell products and services. Time is money. Implementing an automated cash management solution creates an atmosphere that gives employees more time to focus on customers, and less time to worry about handling cash. MIMO’s technology simplifies reconciliation, reducing the amount of time employees spend counting (and recounting!) cash and coins. Double and triple verifications are a thing of the past! In addition, MIMO immediately identifies counterfeit notes and securely stores cash, eliminating the opportunity for internal theft and increasing safety for employees.

That’s not all. Removing the daily, tedious process of managing and handling cash allows employees the freedom to start and end shifts in just under a minute. Employees are able to spend more time tending to customers, selling products and services. Most MIMO customers have seen significant ROI in as little as 12 months.

mimo-llc.com Sales: (833) 646-6463

Meet MIMO.

Say goodbye to counting cash and hello to customer conversation.

A national leader in automated cash management, MIMO offers the most comprehensive, automated cash and coin management system on the market. Our patented technology automates the process of depositing, dispensing and exchanging coin and currency, drastically reducing the need for back office cash counting. MIMO acts as a comprehensive vault, counterfeit detector, and money-counter all at

once, allowing companies to focus on business and customers first.

Simply put—It’s intelligent. Your employees and your business will operate more efficient. MIMO is the cash handling solution.

The biggest benefit? MIMO doesn’t need to take breaks

or change shifts

When you let machines do the work, more time is spent in front of customers. MIMO reduces employee overtime, which

decreases your workforce expenses and boosts your ROI.

MIMO provides dedicated experts that help transition your business into cash-automation. Our nationwide team stands ready to help you

every step of the way, from installation to training through completion of your cash management transformation. Our team will analyze your current processes

to identify your specific efficiency, cash flow, and security needs, providing ongoing support to answer your questions and handle preventative maintenance and repairs.

Continuous customer support is top priority at MIMO. We know that the right cash management solutions provider doesn’t just care about the sale, they care about your ongoing needs down the line.

MIMO’s customer solutions team carries the knowledge to give you the best solutions for your business. With MIMO, you can rest assured that any questions or concerns you have will be answered to your satisfaction. Here to help 24/7.

MIMO = Money In, Money Out

Page 3: MIMO helps businesses shift their focus from cash to ... · mimo-llc.com Sales: (833) 646-646 With over $1 trillion in circulation globally, cash is widely trusted as a valued form

mimo-llc.com Sales: (833) 646-6463

With over $1 trillion in circulation globally, cash is widely trusted as a valued form of currency. However, the cost of cash-handling can range on average from as low as 4.7 percent to over 15 percent depending on the retail segment.

With a cash recycler, retailers actually have access to the cash on-premise after it has been validated and credited, which they can use to make “withdrawals” for additional tills and change. This is where the system gets its name - because it actually “recycles” notes and coin.

MIMO collects, stores, and analyzes extremely valuable data around cash inventory.

Retailers can use this data to help identify and forecast trends, and in the process increase their operational efficiencies. Consider the spikes in cash usage and dynamic needs for businesses surrounding a big event — everything from arenas hosting large sporting events, to a large impending snowstorm. Once cash handling is automated to a certain degree, retailers can build algorithms to capture and analyze data on cash flow, and predictive analytics can help dictate the optimal cash inventory.

Currently, cash recycler solutions are in thousands of retail locations, and widespread adoption is predicted to continue. While the early iterations of cash recycler systems were developed for the larger retail chains, cash recyclers are starting to see adoption among some of the smaller retailers as well.

In an industry such as retail, where revenues are difficult to accurately predict and where costs are anticipated to rise, it is vital for the banking,

security and technology suppliers to continue to introduce cash handling innovations that reimagine solutions and optimize the working capital.

Consider the amount of cash that exists at any one moment in all big-box retailers, grocery, and large department store chains and the incredible and easily-quantifiable potential around automating cash handling becomes clear.

Typically, a retailer’s biggest controllable expense is labor, and cash handling is one of the most labor-intensive tasks in retail. Lowering the payroll — one of the most direct and immediate measures a retailer can take when costs must be reduced — can often produce quick results but may impair the ability for longer-term growth and profitability.

At the same time, for retailers with physical store locations, a significant element of their competitive advantage over online counterparts is their ability to offer human connection, an advantage that will be compromised by understaffed stores.

The cash-recycler technology isn’t a straight substitution for human labor; rather it’s a complement to it. Resources that formerly handled cash can be redeployed to service clients and increase sales. The automation in cash handling allows for the reduction of the labor costs and/or the redeployment of the retailer’s resource of trustworthy and competent employees.

Page 4: MIMO helps businesses shift their focus from cash to ... · mimo-llc.com Sales: (833) 646-646 With over $1 trillion in circulation globally, cash is widely trusted as a valued form

mimo-llc.com Sales: (833) 646-6463

It’s magical: Auditing that manages itself.

Another competitive advantage is MIMO’s automated auditing and comprehensive Back Office Reporting Software. Complete transparency of inventory and custom reporting saves employees significant time as auditing an entire MIMO only takes 20-30 minutes.

In the event of a major weather incident, even if you simply lose power or the machine goes down, MIMO still allows you to access cash, keeping your organization functioning. The self-audit function becomes part of your disaster preparation and recovery process. Cash is securely stored in locked cassettes that are easily

transportable.

You can even prepare your daily Deposit Cassette without ever having to open the safe door!

How many times have you had to send someone on an extra bank trip to make a deposit or collect change? Managing your cash inventory helps you deliver better service to your customers, and it can help you save time too. Automated cash management technology helps you keep a closer eye on the cash situation in your small business.

MIMO not only accepts, dispenses, and secures cash, allowing companies to run daily operations seamlessly, it also automates the reporting that’s needed to account for every transaction, down to the department and employee level.

Now’s the time to make a change.

The new era is centered around automation, and when it comes to automated cash management, there are efficiencies to find, profits to seek and innovations to be discovered. Now is the time to change the way you handle cash because yesterday’s business as usual is the new way of doing business. Contact MIMO today.

mimo-llc.com Sales: (833) 646-6463