Cash Cycle Management for Banks and Retailers

Optimization of the Cash Cycle Across the Whole Process Chain

Decades after the introduction of credit and debit card payment systems, cash is still king. Yet cash handling remains costly. Time consuming, repetitive, unsecure, and elaborate procedures expose cash at all points to potential theft, shrink, and accounting error. In supermarkets, for instance, total cost of handling cash at a single checkout amounts to around $9,000 to $12,000 a year – roughly three-quarters of the total cost of ownership of a POS system. In c-store applications, shrink alone can cost upwards of $20,000 or more per year per cashier.

With our advanced, industry-leading Cash Cycle Management portfolio, Wincor Nixdorf is pioneering cash handling optimization. We focus on the entire end-to-end process chain – POS cashier to back office to bank, teller counter or ATM to safe. Wincor Nixdorf works with numerous banks and retailers to customize a solution that fits their unique business processes. Additionally, banks and retailers can also outsource their entire cash process to Wincor Nixdorf, allowing them to focus on their core business.

• Hardware. Using smart deposit, cash dispensing and recycling systems, it is possible to completely automate, secure and shorten the entire cash cycle. Money is never handled by an employee. Wincor Nixdorf's field-proven range of innovative equipment features standard setting ergonomics and security specifically tailored to the numerous challenges of the banking and retailing industries.

• Software. Wincor Nixdorf was the first company to develop many software solutions now in standard use in both the banking and retail sectors. We developed the world's first multi-vendor software solution. We were the first to adopt standard Windows software for both cashier POS stations and banking ATMs, and we continue to lead the industry in development of comprehensive software suites that not only track cash handling processes, but intelligently predict cash needs and provide constant tracking of all equipment parameters across a network. Wincor Nixdorf spends more on R&D than anyone in the industry. Our software relies on precise mathematical optimization models to analyze the entire cash cycle, track all cash usage in real time and providing precise expected cash demands across your entire network. In this way, total cash needs are often able to be reduced by over 25%, resulting in savings of millions or even hundreds of millions of dollars, an incredible benefit to industries often used to thin profit margins.

• Consulting. Wincor Nixdorf relies on a whole business structure approach to cash cycle management automation. Our focus in not on machines but on overall network performance within the limits of each unique organization. We utilize a comprehensive toolset of consulting and support modules ranging from analysis of structures and processes to profitability and piloting, among other processes.

• Services. Our exhaustive portfolio of services includes machine installation and maintenance, remote monitoring, optimization and control of cash-in-transit operators, outsourcing of both hardware and processes, and nearly any other cash handling process that affects your business.