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ATMIA publishes economic analysis, worksheets for Next-Gen ATM project
November 5, 2018
The ATM Industry Association has published an economic analysis of its Next Generation ATM Ecosystem. The analysis quantifies cost savings and revenue opportunities that ATM channel stakeholders could achieve by implementing the NextGen ecosystem, according to a press release.
"NextGen is a comprehensive road map to a 21st century ATM infrastructure," ATMIA CEO Mike Lee said in the release. "It was created over the past two years through active collaboration of more than 180 companies from all over the world. We can now identify specifically how adoption of NextGen will create economic benefits for every stakeholder in the value chain."
The ATMIA NextGen project brought together banks, independent ATM deployers, hardware and software providers, service providers and others to create a blueprint for simpler, more efficient and more secure ATMs that interact with all mobile devices and offer greatly expanded services.
"The economic analysis enables companies in all sectors of the ATM industry to quantify the potential return on investment from implementing NextGen," said Leland Englebardt, practice leader at Upshot Advisors and author of the study. "It itemizes all the cost savings, revenue enhancements and strategic benefits that NextGen can deliver. Armed with that information, the people who manage ATM businesses can make a stronger and more comprehensive case for their company to invest in NextGen."
The analysis includes 44 specific economic impacts that are directly or indirectly driven by NextGen, and identifies the stakeholder groups most likely to benefit from each impact.
The document categorizes each impact as short- or long-term, and provides formulas and tools to help the user calculate the total economic benefit to their business.
ATMIA will publish interactive, downloadable financial worksheets to help calculate NextGen ROI.
The worksheets are tailored to specific stakeholder groups and pre-populated with NextGen revenue and cost-saving items most relevant to each group.
The worksheets measure net economic returns from NextGen over a three-year period and can be modified by the user to address relevant time frames. Business owners can enter data and see the results in their local currency.
"Breathing life into the NextGen vision will require investments of effort and funds by everyone in the ATM channel," Lee said. "The Business Case toolkit, as we call it, will help everyone be well-prepared to make a strongest argument for resources during their company's internal budgeting process, which is one of the first and biggest milestones on the road to implementation of any new technology."
The NextGen Business Case Matrix is available to all ATM industry stakeholders and can be downloaded from the ATMIA website.
Included In This Story
ATM Industry Association (ATMIA)
The ATM Industry Association, founded in 1997, is a global non-profit trade association with over 10,500 members in 65 countries. The membership base covers the full range of this worldwide industry comprising over 2.2 million installed ATMs.
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