LAS VEGAS - NCR Corp. has expanded its currency management offer for large, small or medium-sized financial institutions and ATM deployers. The new service will help these organizations effectively manage cash supply needs for ATM networks, branch networks and vaults. Currency management is a supply chain management function that predicts and optimizes future cash replenishments through the analysis of historical cash usage.
NCR's flexible three-tiered approach ranges from the execution of the cash-ordering process to the re-engineering of replenishment schedules based on analysis of historical cash usage. This service has been shown to result in a 10 percent to 25 percent reduction in the amount of cash within the ATM network.
With this program, NCR customers can experience recurring savings through improved operational efficiency and the associated cost reductions, including smarter use of cash on hand. NCR research has found the average savings resulting from this service is $500 to $2,000 per ATM annually.
"The cost of managing cash is one of the largest costs of the ATM channel," said John Di Leo, NCR's vice president of customer services for financial solutions. "With NCR's three-tiered currency management offer, customers have the flexibility to choose the right level of service to fit their business environment and maximize savings."
