Effective cash processing is a requirement, irrespective of the industry, if organisations are to continually improve their productivity, performance and security. As a specialist we understand that differing industries have differing requirements for their cash processing. As such we have prepared some case studies, from different types of industries to help demonstrate the complexities and differing solutions for each.
Manchester United – the management team of this premier league club identified that they needed a disciplined and more robust approach to managing their cash and decided not to opt for the standard retail option but to look to a cash handling expert to offer a credible solution.
Transguard – as a cash logistics organisation they had a passion to develop the most automated cash centre in the Middle East which would give their customers the best in class service Transguard, as a organisation, wanted to deliver.
The Central Bank of the Russian Federation were looking to reduce the quantity of cash centres with low turnover, reduce the amount of hardware required to process cash and to rationalise the working practices into a more efficient methodology in 29 cash centres across the region.
With increased operations following Bank of Ireland's move to a new cash centre and the installation of a new sorter, operational requirements meant that the bank now needed to operate the case centre seven days a week.
ING Bank already used De La Rue desktop banknote counters but the deposit procedure was mostly manual. As there was no management information system or audit trail, it was increasingly difficult to ensure accountability for the system.
The South Africa Reserve Bank announced that legislation would be phased in over a four-year period whereby commercial banks in South Africa would no longer be permitted to include physical cash holdings in liquid asset reserves. It was also recognised that cash holdings in Standard Bank's cash centres could be further reduced by 10-15 percent by sorting and recycling cash in-house for ATM replenishment purposes.
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