Leipzig, 22.09.2021 On December 1, 2021, ALVARA | Digital Solutions, together with P3N AG, will host the next Cash Dialogue for financial institutions in Leipzig. With this specialized event, the leading European provider of Track & Trace software solutions for the cash cycle, in collaboration with P3N AG from Werdau, offers financial institutions a platform for exchanging new opportunities.
On December 1, 2021, financial institutions are again invited to Leipzig from 10:00 am to 4:00 pm. Participation is free of charge. The registration deadline is November 12, 2021.
“Staying in contact with our customers and prospects, addressing important and current topics, and finding solutions together has always been important to us,” explains ALVARA | Digital Solutions Managing Director Thomas Vietze. The active participation of numerous representatives from banks and savings banks repeatedly confirms the relevance of the chosen topics. “We are very pleased that we have secured P3N AG as a partner this time. The company has a proven expertise in cash management. It is always interesting to lead promising approaches to a joint solution. Our guests also confirm this,” adds Thomas Vietze.
Banks and savings banks today face numerous challenges—from changing customer behavior, digitalization, and mergers to the development of new operating models. It is important to find answers to many pioneering questions. “Among other things, we discuss whether standardized processes, for example in the areas of IT services and payments, should be outsourced or take place in the central cash office,” says P3N board member Frank Hummel. “We also explore opportunities and risks around insourcing and outsourcing. Together, we find out which model is right for which requirements and financial institutions. From the insights gained, suitable solutions can then be derived.”
Many financial institutions are currently intensifying their outsourcing activities to focus more on their core business. Thus, banks and savings banks often outsource individual areas to increase efficiency, stimulate innovation, and manage cost and technology transformation. According to figures from a study by Strategy&, the strategy consulting arm of PwC, 84 percent of financial institutions hope to increase efficiency and gain access to specific external resources and know-how. Accordingly, 20 percent of banks plan to expand the use of “As a Service” models in outsourcing.
P3N AG has been advising banks and savings banks on optimization opportunities in the cash transaction sector for more than ten years. With expertise and experience, as well as proven practical tools, P3N AG supports customers from analysis to implementation in current challenges—both in cash distribution and cash logistics. The experiences from over 200 consulting projects range here from the implementation of changed sourcing models and new operating models through cooperation between credit institutions to optimization potentials in collaboration with cash-in-transit companies.
More information about the ALVARA Cash Dialogue: