CIMA: Improving Cash Management. Case History

4 November 2020

CIMA’s goal has always been that to design, develop and produce cash handling devices to help customers improve efficiency, precision and speed of the cash cycle.For several years, in partnership with ABS Technology, we’ve been successful supplier of CONAD.

The devices installed by the customer are our SDM500H cash-in solutions, with a self-sealing bag containing 3000 banknotes, thanks to which we ensure the security of cash until it’s picked up by the CIT.

We are attaching an interview released by Mr Petri, security manager of Conad Nord Ovest.

 

“Pistoia, 2nd November 2020 – The correct management of the takings in a big retail chain is a key factor for the business operators. Marco Petri, security manager of Conad Nord Ovest, explains how in the last four years the employment of the solutions proposed by ABS Technology has improved the situation starting from the use of BSafe, the system integrating indoor cash-in machines directly connected to the company accounts.

How was cash managed in Conad before moving to the smart safes?

Before moving to the cash-in, most of the cash takings in our stores were entrusted to the CIT for the following counting by the different banks. To understand how delicate was an operation of this kind, just consider that 60% of the takings was deposited in the bank by means of the CIT.

Were there any particularly critical issues?

Of course. And the main critical issues were linked to security and the actual availability of cash. The safes positioned facing the street were exposed to attacks by criminals, but also without these problems, the delays in counting and crediting the takings were a daily occurrence.

 When did you decide to adopt these devices? And what choice did you do?

While knowing it for a long time, we decided to move to the management of the cash-in in 2016, when the devices on the market reached performances and reliability in line with our expectations.

 What was your experience of cooperation with ABS Technology?

We got to know ABS Technology as a service chosen by MPS for the cash-in service. We shared together a pilot project to evaluate two types of machines, to choose then the one that it’s been used since then in Conad stores in our territory.

 What are the benefits of Bsafe in your stores?

The benefits of using the cash-in in every store are at least four:  increased security, considering that the safe is located indoor and not facing the street; certification of the deposit, removing any kind of administrative review; availability of cash the banking day after the deposit; reduction of the time for cash management and deposit.

 How many smart safes have you got today?

Today we have more than 160 machines, with an already defined installation program that will bring us to have 180 units within next December”.