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Converting an entire ATM portfolio to wireless is easier, more cost effective than you may think
- Burt Matthews
In past blog posts I’ve explained the benefits of converting to wireless, and how it’s become the new standard for ATM connectivity. IADs who are interested in saving money on their communication costs sometimes ask me:
• What is the simplest way to convert an entire ATM portfolio to wireless, especially with a busy schedule?
• How do I afford making the conversion?
• How difficult and time consuming is it for me to make the conversion?
These are all very good questions to ask. My goal with this blog article is to help IADs, big or small, find ways to start saving on their communication costs as soon as possible.
The fact is a complete conversion to wireless for ATM portfolios is much easier and more cost-effective than you may think. First, it’s important to understand that when all of your ATMs have been converted, the cost savings alone will more than compensate for any invested time and costs associated from making the change.
Even if you hire a temporary person, let’s say for a cost of $15 an hour to assist you with converting your ATMs to wireless, the savings you will experience even in the first month alone will no doubt offset your cost to hire this person.
And here’s why:
Even if you feel you don’t have the time to convert all of your ATMs yourself, hiring someone to do this for you can keep you focused on growing your business. One of the benefits of going wireless is that it is so simple to install—just three simple steps that can be completed in less than 10 minutes. It really does not require someone technical either. Adding a wireless modem to your ATM is easy and because we recommend that they are installed in the upper bezel, installers won’t need access to the vault.
Remember, on average, landlines cost about $40 per month per ATM. Cutting your costs in half for 100 ATMs saves you around $20,000 per year or more just by switching to wireless.
There are so many benefits of going wireless: plug and play simplicity, low monthly costs, reliable warranty options, mobility and increased data speeds. Therefore, now is the time to create a plan and hire the resources (even if temporary) to convert your ATMs from landlines to wireless.
Approach your wireless conversion in a logical manner that allows you to make the transition quickly and in an organized way. For example, you might do the installations yourself for certain service areas and hire someone to make the change in other service areas.
Each month you procrastinate converting your portfolio from landlines to wireless—it is costing you a lot of money. Making the switch to wireless sooner rather than later makes sense—especially because the cost is recouped within the first month of conversion.
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