ALVARA I Digital Solutions brings transparency to cash management with ICC
Leipzig, 17.02.2021. ALVARA | Digital Solutions offers “ALVARA Interactive Cash Control” (ICC), an online platform that makes it possible to efficiently control and track the entire cash process. From the deposit at any cash point to the lodging at the Bundesbank, the cash cycle between financial, trading and value service companies is mapped transparently. Cash handlers thus solve numerous complex communication and monitoring tasks of cash logistics processes with a single platform.
Retail and financial institutions already rely on the connection to ICC with more than 75,000 ATMs and branches – benefitting from many synergy effects. The system also records 15 million safebags and 1.5 million change orders annually.
“With the digitalisation of cash processes, retailers and financial institutions can significantly reduce data entry errors, media disruptions and multiple entries. And all this with the highest security standards,” explains ALVARA | Digital Solutions Managing Director Thomas Vietze. Certified data centres ensure GDPR-compliant operation via secure online access.
The various modules of ALVARA ICC optimise cash and logistics processes. They can be combined flexibly and individually and are in use as an ICC app as well as a web-based platform solution. “For example, retailers can use the Cash Order module to enter, process and manage orders for the supply of money such as standing orders, optimised order proposals or automatic orders for Smart Recyclers,” explains Thomas Vietze. The connected cash-in-transit companies (CITs) then process these – including CashEDI connection for Bundesbank orders. When handing over money to the CITs, ALVARA ICC provides support via Track & Trace and documents all liability transitions, in addition to the digital driver check.
“Employees of financial institutions can accept safebags at the counter and record them using ALVARA ICC for generating the customer receipt and further processing of the data. The machinesupported count then takes place in the CIT´s own main cash register or cash centre – including the automatic generation of the count receipt and transfer of the encrypted customer data and default values to the main cash register or cash centre,” adds ALVARA | Digital Solutions Managing Director Bernd Hohlfeld. Thanks to Track & Trace, branch supply and disposal can also be carried out securely, digitally and without media disruptions. An individually configurable reporting system also provides evaluations of all relevant data.
“In combination with other solutions from ALVARA | Digital Solutions, several synergy effects are created for retailers and financial institutions at the same time,” emphasises Bernd Hohlfeld. The interaction between the ALVARA ICC solutions and the Smart Safe-Monitoring Platform integrates and controls self-service devices such as depositors, payers or recyclers from a wide range of manufacturers. Orders for cash orders and disposals are processed directly from the machines into ALVARA ICC. In addition, one-time codes for opening the smart safes and collecting the funds are provided flexibly and according to need on CIT Logistics Apps.
Find out more: https://www.digital.alvara.eu/interactive-cash-control/