The daily cashing up process could be changing significantly at Costcutter supermarkets in the UK following an investment in new till technology.

The UK-based high street grocery group is implementing new cash management facilities that automatically count notes and coins and provide full reports for retailers, including figures associated with rolling floats values, change needed, top-up values, pick-up values and sales values.

APG/Cash Bases, an organisation formed following the merger of two separate cash management solution manufacturers last year, is the business behind the so-called SMARTtill Intelligent Cash Drawer, which is being trialled in a number of stores with the view to being rolled out across 2,600 shops in due course.

The product is the brainchild of UK-based Cash Bases, which became a company owned by US-based APG in September 2015.

Dave Morris, director of IT at Costcutter Supermarkets Group, commented: "Retailers are looking for straight forward technologies that can be implemented quickly and easily whilst bringing real benefits to them and their store.

"We demonstrated the SMARTtill Cash Management Solution at our conference last year and there was a real appetite for it from our retailers. The intelligent cash drawers give retailers another way to create efficiencies within their stores and the results from the trials have been very positive."

Morris said the introduction of the new till is part of a wider technology and digital investment within Costcutter. This includes social media training for store owners and the provision of the ActivHUB portal and ActivMOBILE app, which give Costcutter retailers online access to administrative, trading and marketing support.

The SMARTtill was showcased to the retail industry at this year's RBTE, which took place in London on 9-10 March.

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Cash Bases, an APG company