September 18, 2020
While the cashless society may be in the future, a "less-cash" society is here now. For retail banks, that means maintaining a broad cash distribution network of branches and ATMs even though cash demand is flat to declining. The result is increasing unit costs for cash distribution, creating an urgency to act to reduce them. The current go-to solutions are: (i) optimizing cash forecasting; (ii) renegotiating CIT contracts; and, (iii) removing low performing ATMs and branches. These actions certainly help, but costs remain stubbornly high.
It's time to rethink the cost of cash to drive step change value. Join us to learn about Perativ's proven solution that integrates and automates the four core functions at the heart of your cash distribution network: load compliance, treasury reconciliation, cash forecasting, and bulk cash ordering and achieve breakthrough results including 20-40% less cash required, reduced workload and CIT costs, and enhanced timely cash data. Operating successfully on thousands of ATMs today, the Perativ solution is available now to retail banks everywhere.
Chris Chandler, CPA, MBA is a leading expert on the future of cash and provides a unique perspective on the role of technology and automation to drive operational efficiencies and optimize banks' cash networks. Chris has 30 years' experience in the payments arena with market leaders and start-ups including Accenture, KPMG, BMO, and Simvest. Chris became CEO of Access Cash, a leading ATM operator in 2005. In 2019, Access Cash was renamed Perativ, with a purpose to 'make cash accessible and affordable'. Chris is a Director and incoming President of the ATM Industry Association (www.atmia.com), and active member and past International Director of YPO (www.ypo.org)..
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