Thursday, 03/20/2014

Transparency in service provider management

The Volksbank Hameln-Stadthagen has created the development of a systematic and cross-departmental risk management process with the help of a partner. This captures the cash cycle completely and transparently for all parties involved.

Whether and to what extent their own cash transactions can be made more transparent was a question the Volksbank Hameln-Stadthagen asked itself as early as 2010. Observations in the industry – such as the Heros case – motivated many institutes at the time to search for sustainable answers to substantial security questions.