When it comes to cash automation, engineers no longer think about a standalone machine, but rather in terms of the entire cash center process. However, to continue advancing, Christian Huber, Head of Business and Product Management – Business Line High-Speed Processing Systems at G+D, believes that it must go even further.
“We must consider where cash deposits are coming from and who will need the processed cash next, for which purpose. All members of the value chain need to become more integrated and operate highly automated and digitalized solutions that seamlessly fit together to create a more holistic, efficient cash cycle.”
Cash center automation and greater connectivity have the potential to significantly reduce costs, increase security, and optimize productivity. In their paper “Improving the Efficiency of the Handling of Cash,” The European Payments Council identified a reduction in manual handling as one of the key future strategies to ensure access to cash in a convenient and affordable way.1