G4S wins Center Parcs CASH360 contract

  • 21 Dec 2010 15:49

G4S Cash Solutions, the leading provider of cash solutions in the UK, has won a contract worth over £800,000 to deliver CASH360 solutions to Center Parcs

G4S, cash

The contract will see Center Parcs installing G4S’ new and innovative in-store cash management solution, known as CASH360, in all four of its holiday villages.The move is part of a wider, forward thinking initiative by Center Parcs to drive efficiencies in its cash management operations. CASH360 was selected following a trial of potential solutions at Center Parcs’ Sherwood Forest site.

Around 90 cash tills at each Center Parcs village will be processed through the CASH360 system allowing for automation of till deposit, till dispense and change functions across a variety of retail outlets, giving the company visibility of cash held at each of their sites through the CASH360 customer portal. The CASH360 solution will also be integrated into Center Parcs’ existing financial reporting systems to provide an end-to-end retail reporting package.

CASH360 is the first and only true end-to-end cash management system for retailers and consists of in-store technology which automates cash processes and is fully integrated with G4S’ own software.  This, in turn, can be linked with a retailer’s in-store devices in order to deliver real-time insight into cash positions and to provide analysis of the cash inventory at every level.

CASH360 is remotely monitored so that any issues can be resolved quickly and enable remote software updates. This is all backed up by an experienced team of CASH360 field engineers across the UK.

Phil Shingler, Sales and Marketing Director, G4S Cash Solutions (UK) said:

“It has been a real pleasure to work with a forward-thinking business like Center Parcs and I am delighted to see that CASH360 has enabled Centre Parcs to modernise its cash management processes and, at the same time, significantly reduce the cost of handling cash. Our solution will provide them with far greater visibility of their cash flow across the whole estate, enabling them to control cash efficiently and effectively within their business – an essential advantage for a company looking to maintain the top spot in their market sector. ”

Paul Mann, Group Financial Accountant, Center Parcs, said, “CASH360 has proved to be an integral part of our cash handling and processing modernisation programme.  With 1.6 million visitors a year to our villages and around 100 shops, cafes and restaurants to spend cash in, ensuring that our cash management processes are as efficient as possible is vital to our business.”

As a trusted partner to the world’s leading retailers and banks, providing cash management, transportation and processing, G4S has harnessed its global expertise in cash management to develop this fully automated cash management solution which significantly increases the efficiency of cash management in retail stores.

G4S is currently engaged with a number of leading retailers around the world to identify the benefits that CASH360 can bring to their businesses.

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