Post on 17-Jun-2015
description
BALTIC RETAIL FORUM 2014
DID YOU KNOW?
THE CASH MANAGEMENT SPECIALISTS
WE CREATE A WORLD CLASS POINT OF SALE EXPERIENCE BY MAKING CASH PAYMENTS COMPETITIVE
25 YEARS’ EXPERIENCE 25 COUNTRIES
25,000 SYSTEMS
CASHGUARD IN THE WORLD
Founded in 1991, headquarters in Stockholm, Sweden
Subsidiaries in France, Germany, Malaysia, Singapore and the U.K.
A fully owned subsidiary of PSI Group ASA (publicly traded)
More than 520 employees
Turnover 2013 was 73.1 MEUR
Market leader in Europe
More than 25 business partners globally
Customers in 25 countries in different parts of the retail sector
CASH TRENDS
The US dollar increased with 42% from 2007 to 2012
The U.K. Pound increased with 29% from 2008 to 2013
The Euro increased with 34% from 2008 to 2013 *
2,5 billion adults in the world are unbanked **
Cash accounts for 70-80% of transactions ***
* Armin Greif, Head of Issue and Circulation, European Central Bank, Germany
** Measuring Financial Inclusion, 2012 – The World bank
*** British Retail Consortium 700
750
800
850
900
950
1000
2009 2010 2011 2012 2013
Circulation of Euro banknotes
Total value bi l l ion EUR
CASH TRENDS
Cash in the various countries Proportion of all transactions
PEOPLE AND CASH
Cash is the most viable payment method
Cash protects against electronic theft/fraud
Cash leaves no electronic traces
People trust cash in difficult economic times
There is a strong cultural connection to cash
Paying with cash makes it easier to stay on budget
THE PEOPLE LOVE CASH
RETAILERS AND CASH HANDLING
RETAILERS AND CASH HANDLING
RETAILERS AND CASH HANDLING
The cash payment process has stayed stagnant for decades
90 percent of retailers lack a secure and efficient cash management process *
Most retailers still handle their cash manually
Counting errors and shrinkage directly effect profits
Robberies are expensive and adds stress to the staff
*Vinnova, the Swedish public innovation agency. Report: Faster Cash – Efficient Cash
Handling is a Growing Market, 2013.
MANUAL CASH
HANDLING • Costs time and money
• Diverts resources from the core business
• Leads to a suspicious work environment
• Negatively affects the customer experience
TIME FOR AN IMPROVEMENT
CASH MOBILE CARD
PAYMENT ALTERNATIVES
STAKEHOLDERS
CASH-IN-TRANSIT ONLINE PAYMENT SERVICE
CARD PROVIDER
BANK
CARD PAYMENT PROVIDER
CASH CENTRE
BANK
NATIONAL CENTRAL BANK
CASH HANDLING
CARD
HANDLING OPTIONS
CASH MANAGEMENT
*Open cash drawer *Automated closed,
cash handling
*Handling of
electronic money
MAKING CASH PAYMENTS COMPETITIVE
THE SOLUTION
THE SOLUTION
THE SOLUTION
THE SOLUTION
Automates cash handling
Alerts for cash checkout collection or replenishment
Intuitive and easy to use
Controls cash levels in checkouts
Comprehensive reporting
Audit trail
Web browser on PC or Smart phone
CASH MANAGEMENT SOFTWARE
THE SOLUTION
THE SOLUTION
SAME DAY BANKING
BANK
ACCOUNT CASH
CASHGUARD
CASH MANAGEMENT BENEFITS
Focus on revenue-generating activities
Faster queue flow, more customers
Cash recycling
Same-day-banking
INCREASED
REVENUE 50% less time spent on cash
30% cut in cash-related costs
Fewer staff = lower salary costs
Lower insurance costs
LOWERED
COSTS
Staff is freed up
Always correct change
Stronger brand
Customer trust
IMPROVED CUSTOMER SERVICE
Cash is inaccessible to staff
Internal theft is eliminated
Safer work environment
Robbery risk is minimized
ENHANCED SECURITY
CONCLUSION
• Cash remains a popular payment method
• Cash and cards will coexist
• Cash management with automation makes
cash more competitive
• Opportunity to optimize with cash management
PAYMENT COSTS
PROPOSED STUDY
Cash Impact Report Find out how much your cash handling costs
FOCUS ON YOUR CORE BUSINESS
THANK YOU