Cash Cycle Management
More Transparency, More Quality and More Service.
Regardless of how such scenarios pan out, the main goal of cash cycle management must always be to ensure transparency, quality, security and lower costs throughout the entire cash logistics chain. An analysis of how to develop individually optimized solutions begins with a complete review of the various processes, followed by concepts designed to control cash logistics with the help of hardware and software. Wincor Nixdorf estimates that costs can be reduced by more than 20% through such process automation.
Automating cash handling replaces a number of labor-intensive processes: Both coins and banknotes are checked in real-time and placed directly in cash cassettes.
Saarbrücken Savings Bank: Increasing Liquidity, Lowering Costs. Saarbrücken Savings Bank (Sparkasse Saarbrücken) has increased its liquidity and lowered costs for replenishing self-service terminals with Wincor Nixdorf’s cash management (Glossary) solution, which is designed to make cash handling more efficient. The bank has initially implemented the solution in 86 ATMs, of which 52 are cash-recycling systems (Glossary) . Saarbrücken Savings Bank is one of the largest regional banks in southwestern Germany, with assets of more than €6 billion and more than 1,300 employees.
Bringing Dead Capital to Life. The cash management solution has led to a 30% decrease in the volume of banknotes required for replenishing ATMs, representing a €5 million reduction in cash inventory. “The introduction of a software-supported cash management solution for all branches was a logical step in bringing dead capital to life,” says Armin Gerstner, Project Manager at Saarbrücken Savings Bank. The bank plans to expand the project to include 82 conventional teller terminals in the optimization process. Savings similar to those achieved with the ATMs are expected.
