The Benefits of Optimized Cash Supply-Chain Management
An integrated solution optimizing all aspects of a bank’s cash supply-chain can achieve significant and measurable cost savings and increase efficiencies throughout the ATM-, branch- and CIT-network.
Treasury departments of financial institutions often view the management of physical cash as an unavoidable but necessary part of their business – and usually not as core to their business activities. Yet, on the other hand, cash is perceived as sensitive and in most cases cannot be outsourced completely. At the same time, even after many years of ongoing payment innovations, cash is by far still the most dominant payment type – and despite the alternatives, circulation of cash still keeps increasing.
So the business case is clear: Cash is costly, needs to be accounted for within the bank’s internal processes and systems and will not be replaced in the foreseeable future. Putting things together, only a consistent automation of the processes around cash with a true optimization solution for the entire cash supply-chain can sustainably reduce costs and permanently increase process efficiencies.