Controlling Cash in your Vending Business Using DEX Technology

The vending business is an all cash business that needs a method to control all the concerned cash in the business. The traditional method that vending operators use to reconcile cash is comparing cash collected to product sold out of a vending machine. This method works, but it would requires you to account for a Planet Antares vending machine every time cash is collected. This method can be completely circumvented by a hired driver that is running his own product through vending machines.

To have better control of cash shortages and product shrinkage in your Planet Antares vending business, you would need to install software management solutions and also utilize DEX. A software system working with DEX data can provide incredible control.

Cash and vend meter methods
Another method that you can use for controlling cash in your Planet Antares vending business is the use of a vend meter in a single price machine, or a cash meter in multi priced machines. Cash and vend meters always provide cumulative data that is compared to the previous reading to determine the difference. This method can work, but it is dependent on the driver accurately recording the meter readings. In some cases, drivers can still get away with running their own products through the machines by calculating and reporting false meter readings. This is something that you can catch during an audit of the machine’s meter readings.

Obviously capturing the cash meter reading electronically from a machine via a DEX reading during the service tightens up most of the process. A hired driver will never see the meter reading and it will be captured accurately using a tamper proof method. In this way the driver can never sell his own products in your vending machine. This will not immediately solve all cash control problems because capturing a cash meter via DEX goes a long way to preventing most cash control problems. The driver who takes $1 per day from each machine can only be caught by analyzing trends over time.

Vending operations usually average a 5% variance between cash expected (meters and/or products sold) to cash actually accounted for. Using DEX CASH – audit, you can reduce that variance to less than 2 %. By applying tamper – proof DEX Cash Control in your Planet Antares vending business, you can recover 3 % more cash. DEX CASH provides the exact amount of bills in the acceptor and the coins dropped in the collection box. In other words, DEX provides an indisputable, auditable accounting method for actual cash collections, units sold and product price.