Overview

Cash plays an integral role in the retail and banking industry resulting in cash management processes being at the forefront of most banks, retail and wholesale enterprises and cash in transit companies. Manual cash handling processes that are used today offer major potential for increasing efficiencies and productivity along the entire cash value chain.

The huge volume of cash in circulation increases cash handling costs for banks and retail companies. The key sources of expense are personnel costs, investment costs, material and clearing costs, insurance, opportunity costs associated with cash inventories and logistics costs for transport and handling. In total they represent a huge financial burden.

Smartec offers an end-to-end solution that provides customers with maximum security, optimal transparency, improved processes and cost reduction by over 20%.

Our approach includes

An analysis of the current structures and processes

Development of solution proposals

Redesign an optimisation of the entire cash process

Implementation and monitoring

Benefits

Reduced risk of robberies due to intelligent cash storing in closed systems

Employee manipulation is excluded from the outset

Inventory discrepancies are avoided – in branch, in store and during transport

Improved security for staff, customers and cash

Permanent real time mapping of the current status

Cassette monitoring at all handover points

Real time performance monitoring via FEEL View

Easy access with accurate financial reporting

Employees are relieved of unproductive routine tasks

Simplification of the process due to a reduction in the number of people, applications and interfaces needed for cash handling

Increased control of the cash handling process

Elimination of manual cash handling and a decrease of the volume of cash in circulation

Cutback of cash handling costs by more than 20%

Reduction of the administration and management overhead of controlling and monitoring cash logistics

Related Products

• SmartCash II
• P2801L AutoDepot
• H90 NightSafe