Managing the Cash Cycle
Analysis, Consultation, Solution.
Wincor Nixdorf has taken on the task of managing this cash cycle and ensuring a high degree of transparency, quality, security and cost reduction along the complete cash supply process chain. A cornerstone of our solutions portfolio is a consulting (Glossary) service that begins with an analysis of the current status. We help develop tailored solutions that can be implemented with corresponding hardware and software. Our portfolio includes a standardized service for controlling cash logistics.
food retailing continue to be
paid in cash
A look inside Germany’s food retail sector clearly shows a need for cash management (Glossary) solutions (Glossary) . Nearly 80% of all transactions are still cash-based, according to the European Network Institute. And even though consumers in the Benelux countries may use cash less often to pay for their groceries, they still rely on it to pay at fast-food restaurants and drug stores.
So that you can shop conveniently day and night we have made payments at the checkout secure through a closed cash system with cash-in and cash-out functions. Cash management begins with the cash deposit and the authenticity check and extends to the optimization of replenishment amounts and times, and the control of secure cash transport.
Manipulation Eliminated.
Retailers, which traditionally operate in highly competitive product segments, now see huge potential for improvement in their many cash handling processes – not only at checkout points but also in the area of revision security. The sad reality is that cash registers and paying-in offices continue to be manipulated, mostly by employees. Security is another important argument for using a closed cash system. It not only protects employees from robberies but also guarantees the security and traceability of cash.
With its cash management portfolio for the retail industry, Wincor Nixdorf draws on one of its core competencies: automated checkout solutions. In this area, we offer two closed systems in which consumers can insert banknotes or coins and automatically receive change. One of our first customers for this solution is Sweden’s Reitan Group. The company, which operates a network of 24-hour, 7-Eleven convenience stores in the country, has equipped its outlets with the Wincor Nixdorf cash management solution. Two main reasons for the installation were the steadily rising number of store robberies and a legal requirement for cash to be secured in closed systems.
