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SwissPost_ CaseStudy_CDM

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Daniel Buetler - Business Consultant

SecurePost introduced an electronic smart safe called SecureCube to improve cash management processes for their customers. The SecureCube allows customers to deposit cash directly into the safe, providing an accurate count and enabling collections to occur when the safe is full. This reduces costs for customers with unpredictable volumes while improving security, convenience, and efficiency over traditional cash-in-transit services. SecurePost has now installed over 600 SecureCube units across Switzerland based on the benefits customers receive from increased visibility and understanding of their cash levels.

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Technology That Counts Electronic Smart Safe In Tune with Market Needs www.CranePI.com securepost CASE STUDY The Rolling Stones lyrics, You cant always get what you want, could be an anthem for cash management. Progress, however, is made by companies that challenge the status quo. Swiss cash-in-transit (CIT) company SecurePost attempted to do just that with their product SecureCubeand the smart safe solution has been music to their customers ears since its introduction in 2011. Our customers have a variety of different requirements, said Daniel Buetler, director of logisticsSecurePost. As our business expanded, it became increasingly difficult to maintain a system that was timely and cost-effective for everyone. Those customers with low or inconsistent volumes would experience an increased cost of doing business because collections would sometimes occur at an inefficient time. We felt there had to be a way to help them save money without sacrifice to the quality of service. Traditionally, a CIT customer has to schedule collections based upon anticipated needs. Deposits would then be picked up, counted in a cash processing center and posted to a designated bank account. This practice, however, is flawed due to the natural, but often unpredictable, fluctuations in business. Swiss CIT SecurePost evolves cash management to simultaneously reduce costs and increase traceability
SecurePosts introduction of the SecureCube in- payment terminal has offered its customers a new solution. The electronic smart safe, produced by WAB and equipped with an MEI SC Advance note acceptor, generates newfound cash management efficiencies by improving security and enhancing CIT service processes at business locations. It streamlines cash processes from the store to the bank. SecureCube has to be stable, accurate and secure, said Mr. Buetler. We couldnt afford to compromise. And, as a result, our customers receive a complete solutionallowing us to take ownership of the cash as soon as its deposited into the safe. Now, our customers receive credit to their account overnight as opposed to waiting for a cash collection. Its convenient. Its efficient. And the benefits flow through all of the cash processes within the store. The SecureCube solution begins with the ability to accurately account for and report all cash deposits. The goal is to provide managers an exact count of how much money is inside the safeat all times. This not only eliminates the need to sort and count cash twice, but it also enables them to schedule collections at the most efficient and cost-effective timewhen the cashbox is full. Precisely tracking the cash that is deposited into the safe eliminates the need to access the safe within the store, said Mr. Buetler. This improves security for both us and our customers. The SecureCube solution is further completed by SecurePosts Cash Management/Forecasting SW solution, which provides the highest possible device availability, as well as device monitoring and cash reporting. This information, which can be accessed through the SecureData web portal, not only facilitates full management by SecurePost but also provides visibility to its customers. SecurePost has placed more than 600 SecureCube units across Switzerland since introducing the product two years ago. Another 200 more are scheduled for installation. Even at the busiest locations, where traditional CIT services might be a more sensible solution, our customers still prefer the SecureCube, said Mr. Buetler. Having such a clear understanding of their revenue and the corresponding cash on handnot to mention the time they save on cash handlinghas proven invaluable. The solutions popularity is now leading to additional enhancements. Options including a 1,000-note cashbox and a version that feeds a 2,000-note bag allow customers the flexibility to customize a solution depending on cash volume. We recognized early in the process that flexibility was really important to our customers, said Mr. Buetler. The SC product portfoliowhich includes multiple sized cashboxes, acceptors with and without cashboxes and a bunch note feeding (BNF) optionallows us to serve our customers needs. We can now deploy a series of machines from the same base technology. It makes maintenance so much easier, further lowering costs for our customers. Indeed, SecureCube is so much more than just a product in a storeit creates a better process all the way to the bank. Combined with its versatile configuration, this means SecurePost and its customers can always get what they wantand doesnt that rock? We couldnt afford to compromise. And, as a result, our customers receive a complete solution allowing us to take ownership of the cash as soon as its deposited into the safe. 息2014 Crane Payment Innovations. All rights reserved. securepost CASE STUDY www.CranePI.com

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SwissPost_ CaseStudy_CDM

  • 1. Technology That Counts Electronic Smart Safe In Tune with Market Needs www.CranePI.com securepost CASE STUDY The Rolling Stones lyrics, You cant always get what you want, could be an anthem for cash management. Progress, however, is made by companies that challenge the status quo. Swiss cash-in-transit (CIT) company SecurePost attempted to do just that with their product SecureCubeand the smart safe solution has been music to their customers ears since its introduction in 2011. Our customers have a variety of different requirements, said Daniel Buetler, director of logisticsSecurePost. As our business expanded, it became increasingly difficult to maintain a system that was timely and cost-effective for everyone. Those customers with low or inconsistent volumes would experience an increased cost of doing business because collections would sometimes occur at an inefficient time. We felt there had to be a way to help them save money without sacrifice to the quality of service. Traditionally, a CIT customer has to schedule collections based upon anticipated needs. Deposits would then be picked up, counted in a cash processing center and posted to a designated bank account. This practice, however, is flawed due to the natural, but often unpredictable, fluctuations in business. Swiss CIT SecurePost evolves cash management to simultaneously reduce costs and increase traceability
  • 2. SecurePosts introduction of the SecureCube in- payment terminal has offered its customers a new solution. The electronic smart safe, produced by WAB and equipped with an MEI SC Advance note acceptor, generates newfound cash management efficiencies by improving security and enhancing CIT service processes at business locations. It streamlines cash processes from the store to the bank. SecureCube has to be stable, accurate and secure, said Mr. Buetler. We couldnt afford to compromise. And, as a result, our customers receive a complete solutionallowing us to take ownership of the cash as soon as its deposited into the safe. Now, our customers receive credit to their account overnight as opposed to waiting for a cash collection. Its convenient. Its efficient. And the benefits flow through all of the cash processes within the store. The SecureCube solution begins with the ability to accurately account for and report all cash deposits. The goal is to provide managers an exact count of how much money is inside the safeat all times. This not only eliminates the need to sort and count cash twice, but it also enables them to schedule collections at the most efficient and cost-effective timewhen the cashbox is full. Precisely tracking the cash that is deposited into the safe eliminates the need to access the safe within the store, said Mr. Buetler. This improves security for both us and our customers. The SecureCube solution is further completed by SecurePosts Cash Management/Forecasting SW solution, which provides the highest possible device availability, as well as device monitoring and cash reporting. This information, which can be accessed through the SecureData web portal, not only facilitates full management by SecurePost but also provides visibility to its customers. SecurePost has placed more than 600 SecureCube units across Switzerland since introducing the product two years ago. Another 200 more are scheduled for installation. Even at the busiest locations, where traditional CIT services might be a more sensible solution, our customers still prefer the SecureCube, said Mr. Buetler. Having such a clear understanding of their revenue and the corresponding cash on handnot to mention the time they save on cash handlinghas proven invaluable. The solutions popularity is now leading to additional enhancements. Options including a 1,000-note cashbox and a version that feeds a 2,000-note bag allow customers the flexibility to customize a solution depending on cash volume. We recognized early in the process that flexibility was really important to our customers, said Mr. Buetler. The SC product portfoliowhich includes multiple sized cashboxes, acceptors with and without cashboxes and a bunch note feeding (BNF) optionallows us to serve our customers needs. We can now deploy a series of machines from the same base technology. It makes maintenance so much easier, further lowering costs for our customers. Indeed, SecureCube is so much more than just a product in a storeit creates a better process all the way to the bank. Combined with its versatile configuration, this means SecurePost and its customers can always get what they wantand doesnt that rock? We couldnt afford to compromise. And, as a result, our customers receive a complete solution allowing us to take ownership of the cash as soon as its deposited into the safe. 息2014 Crane Payment Innovations. All rights reserved. securepost CASE STUDY www.CranePI.com