A Cash Consultation

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Cash processes at retail businesses, banks and cash-in-transit companies are labour-intensive, inefficient, frequently lack transparency and are fraught with security risks. But which points of the complex cash supply chain offer the greatest potential for optimising processes and reducing cash handling costs?
 
Wincor Nixdorf believes that its new Cash Cycle Management Consulting portfolio can deliver concrete solution approaches and help customers safeguard their investment decisions. The company offers an analysis of existing processes, which forms a basis for the development of strategies and a variety of scenarios for optimal cash processes. The consulting portfolio also includes concrete ROI (return-on-investment) calculations for individual solution scenarios.
 
In the retail world, with its different store formats and checkout concepts, there is enormous variety in cash processes. In retail banking, too, processes depend on a variety of factors such as customer structure or country-specific requirements. For this reason, Wincor Nixdorf developed Cash Cycle Optimizer in close cooperation with world-leading consulting companies. The company states that this software tool for process analysis is based on branch-specific processes, know-how, industry standards and best practices, and is able to evaluate a wide range of data and parameters from both bank branches and retail stores. It goes on to say that the results of the analysis can point the way toward new processes, determine specific savings potential, and help define new solution scenarios.
 
“We offer banks and retail companies an analysis that does more than just evaluate cash processes at the branch level. If required, we can also include entire branch or store networks in our optimisation strategies, including cash provision and removal by cash-in-transit companies,” explained Thomas Certa, who heads up Solution Marketing at Wincor Nixdorf. With advice from consultants, solution scenarios leading to significantly lower costs, greater transparency, and greater security in cash processes and cash handling can be developed jointly with banks, retail companies, cash-in-transit providers and operators.
 
Once a decision has been made to test one or more solution scenarios in a live environment, the company can also take over the integration of pilot installations in banks’ and retail companies’ individual IT environments, including project management and an assessment of the pilot project results.