"What doesn't kill you makes you stronger." For retailers, this sentence may sound like a mantra. Because the market situation has further intensified during the coronavirus pandemic and due to war and crises. In many ways, a change in thinking was required. One issue that constantly demands new solutions is cash logistics.
One thing is clear: Without coins and banknotes, today's daily business for trade - especially in Germany - is impossible. However, it is becoming increasingly difficult to ensure the supply and disposal of cash. The reasons include time-consuming manual processes and lack of resources. Therefore, optimized processes are needed more than ever. The focus here is increasingly on flexibility and adaptability in addition to efficient processes. The solution: a resilient cash management.
This includes, for example, a multiple supplier strategy. This means: Instead of a single logistics service provider, retailers involve several suppliers in the processes. This distributes the risks and simultaneously increases security in case of delivery difficulties of individual providers as well as flexibility during demand fluctuations. Dependencies can also be avoided. In the case of staff shortages at a security service provider or a failure of a cash center, a company can redistribute the service in the short term with the right tool.
"With the ALVARA Interactive Cash Control Platform, a multiple supplier strategy can be easily digitally represented and used as a tool in special situations within the framework of Business Continuity Management (BCM). All necessary information about location, master, or contract data can be conveniently exchanged by the trade with the software solution - as a data hub - with a replacement security service provider," explains Steven Schwarznau, Managing Director of ALVARA | Digital Solutions. "Through the ability to quickly switch over, trade gains flexibility - and with minimal additional effort."
The advantages of the ALVARA ICC Platform at a glance:
• Switching to other security service providers is possible faster - one click is enough.
• Risks such as cash center failures or staff shortages can be minimized by involving multiple security service providers.
• All cash-related processes become safer, more transparent, and more efficient.
• With the ICC app, branches also benefit from digital cash processes: digital receipt and legitimacy, change order, and safe management can be represented through this.
Do you want to take advantage of the benefits? Then we look forward to .
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