Bank of America Merrill Lynch has partnered with integrated security services provider G4S to deliver the CASH360 cash management solution.
CASH360, which combines currency recycling technology with global cash cycle software, is designed to:
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Control cash management costs;
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Increase margins;
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Minimize loss;
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Safeguard the security of cash handling.
By simplifying operations through end-to-end control of receipts, reduced cash counting and streamlined reconciliation, the coin and currency in the device is “bank owned” cash. With the solution, retailers can improve their cash cycle by removing excess cash from stores, which enhances cash flow and improves working capital.
Retailers benefit from significant cost reduction opportunities, through elimination of dedicated resources for performing deposit preparation, or reductions in armored carrier expenses.
The CASH360 cash management solution can be tailored to fit the diversity of retailer’s requirements, such as different store sizes and business objectives, with users including big box retailers, airport retail operations, gaming and resort retail operations and grocers.
