News

GRG tackles TCO at ICCOS Asia

November 26, 2013

Case studies from Turkey and China have shown that cash management-related expenses can have 20 times greater impact than the price of the equipment it is dispensed from. In a session at the recent ICCOS Asia 2013 conference, GRGBanking talked to a roomful of bankers, CIT representatives and others in financial services about ways to control these costs.

Product manager Jelly Fan (standing, right) discussed the importance of calculating total cost of operation.

GRG product manager Jelly Fan told the group that by evaluating total cost of operation, decision-makers can calculate the true cost to operate an ATM — especially the cost of cash management — and make a more informed decision about ATM implementation.

Fan introduced case studies highlighting practical approaches that GRG customers have implemented to optimize cash management. These have resulted in increased uptime and reduced requirements for cash collection and replenishment by CIT providers, she said.

In addition, Fan described how cash-handling technologies can improve counting and sorting accuracy and efficiency, thus reducing labor costs and cash shrinkage.

Also at the event, GRG showcased solutions for banknote sorting and recycling, allowing delegates to see firsthand how the technologies serve cash management needs.

Read more about manufacturers.