NCR Cash Management Consultancy Services Datasheet

Most financial institutions know that their currency operations could be managed more efficiently, yet they are challenged to pinpoint where and how the improvements should be made. An effective cash management strategy must address fluctuating interest rates, rising transportation costs, continuous ATM and self-service device evolution, as well as outsourcing and regulatory requirements. All of these challenges must be balanced with an unwavering focus on customer experience and cash and device availability. NCR Cash Management Consultancy Services applies best-practice principles that enable financial institutions to reengineer their cash management process, resulting in reduced costs and increased operational efficiency.

Getting the balance right
It is critical to get the right balance between making cash available to your customers and providing cash at the right cost. NCR Cash Management Consultancy Services leverages global best practices and expertise in cash management to eliminate gaps in the supply chain. These gaps are eliminated by understanding current end-to-end currency supply chain workflows, data flows, financial flows, operations, processes, policies, procedures and controls. The findings of these gaps are analyzed and recommendations are provided to get the balance between each component right to meet your business objectives.

Reduced costs
Calculating the total cost of cash is often complex and includes an assessment of the currency supply and funding costs, secure transportation, safe storage costs and the balance sheet costs of holding currency on the bank’s books. By systematically taking into account the cost of cash itself and the cost of handling cash, NCR Cash Management experts highlight opportunities that can be immediately implemented to pursue cost savings and efficiency gains.