Wednesday, 05/12/2021

ALVARA | Digital Solutions: Smart Monitoring Platform centralizes and automates cash processes

Leipzig, 12.05.2021 The management of Smart Safes is a time-consuming and costly process for many companies. Often, multiple device types from different manufacturers, which are also located at different locations, need to be managed. The Smart Monitoring Platform (formerly: Universal Cloud) from ALVARA | Digital Solutions enables users to network their cash management systems such as smart safes, cash recyclers, ATMs, kiosks, or drop safes across brands and models and manage them through a single platform.

"Banks, cash-in-transit providers (CIT), and retailers benefit from this central control because it saves a lot of time and makes the cash logistics process safer," explains Thomas Vietze, Managing Director at ALVARA I Digital Solutions. "The Smart Monitoring Platform can be used flexibly on the desktop and mobile on a smartphone or tablet." More than 6,000 safes and ten international manufacturers are already connected to the solution. Various banks and CIT support the application.

The platform allows real-time cash management: It provides a comprehensive, company-wide overview of all cash management systems in a single application. In this way, numerous time-consuming and costly processes can be automated, and employee productivity increased. In addition, the risks associated with cash processing and management are significantly reduced in this way. The platform specifically caters to customer needs. "All types of automatic cash processing devices can be connected," says ALVARA | Digital Solutions Managing Director Emmanuel Gaucher. "All data - such as transactions or inventories - as well as the technical status of all devices, can be transmitted to the platform and the mobile application in real time and synchronize."

Further processes such as reporting, POS data integration, daily bank credits, or the dynamic control of service providers can be automated thanks to a simple user interface and predictive algorithms. Customer-specific requirements, such as inserting their own company logo and creating personalized reports, are possible at any time through the ALVARA | Digital Solutions team. Numerous functions can also be integrated into the platform solution. Online reporting and automatic disposition are just as possible as POS reconciliation and variance determination at the employee level. Additionally, the platform allows for automated communication with business banks' backend systems and can dynamically control CIT processes automatically based on an inventory forecast.

The Smart Monitoring Platform complements existing solutions for branch operations with hardware-supported deposit and withdrawal processes. ALVARA | Digital Solutions thus provides the answer to the automation of cash processes with demand-oriented hardware and software. Customers benefit from digitized and fully transparent processes from the payment transaction to clearing.

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