Setting Your Business Up for Success in 2025

Operational Trends to Watch in 2025

Stay ahead of the game this year by boosting operational efficiency. With growing trends in both retail and hospitality operational strategies, ensure you get on the front foot!

Cover your front of house demands by providing comprehensive payment options with traditional and contactless payment solutions. By offering contactless payment solutions such as EFTPOS terminals for business, or cardless ATM withdrawals, you can easily cater to more patrons and enhance the customer experience.

Alongside customer-centric business trends, there is growth in automation and efficiency tools for businesses. Save time and money by enlisting the use of modern cash management solutions and software’s that speed up traditional processes. Tools such as self-service cash-out machines, or reconciliation software help to reduce the load on staff and free them up for other areas of service.

The Role of Cash Management in Hospitality Success

Effective cash management is a growing contributor to venue success, with increasing demands on the role cash plays within hospitality businesses across Australia.

To boost your cash management strategies, look no further than reliable cash management solutions. By providing cash-out access, such as an in-venue ATM, customers can self-service without impacting till amounts, whilst promoting cash spend within the venue. Within a gaming zone, a Cash Redemption Terminal is a popular solution, letting customers self-service by redeeming and issuing tickets and notes. Both terminals not only provide customers with a streamlined alternative to cash access but also act as a secure cash storage solution for venues, reducing the need for excess cash to be stored in tills.

To help manage cash in the back of house, a Cash Recycler is the ultimate solution. A Cash Recycler counts, sorts, and stores high levels of cash, picking up on any discrepancies in a matter of seconds. Utilising a Cash Recycler helps to reduce the time and costs associated with counting and sorting cash, whilst again acting as a secure storage solution, reducing theft risks within venues.

Using Data for Smarter Decision-Making

Decision-making no longer requires an element of guess work, get a complete understanding of your business, customers, and operations with advanced business intelligence tools.

From retail cash management to customer retention in venues, software tools provide the insights needed to make accurate and informed decisions.

Using tools such as Concilio and EAGLEi360 provide insight into business operations, from cash levels and reconciliation to customer spending habits and visitation times. Gathering data like this allows for more information to be considered, resulting in businesses making better-advised decisions.

Get ahead of the Competition with Next Payments

Make the most out of the new year and set your business up for a record 2025!

Stay ahead of the pace – and your competitors – by adopting these trends early. To kick your business goals this year, contact our knowledgeable team or browse our suite of products to discover how to set your business apart from the rest!

Have a question or would like more information? Please contact: media@nextpayments.com.au