I will be honest, one of my greatest professional challenges is trying to convince customers that tried cash recyclers 10 years ago and possibly had a bad experience, to consider using the technology again.
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When it comes to branch transformation, putting all the pieces together can be a lot like working a jigsaw puzzle. First, you start with a finished picture in mind. This is your organization’s strategic vision for branch transformation. It should answer the questions, “Why are we doing this, and what does success look like?” Secondly, you have a collection of pieces – each uniquely designed, yet equally important – that must fit together to complete the overall picture. These pieces include your customers’ needs, your talent pool and your physical assets (branch locations, hardware, and software).
Most of the rolled storage module (RSM) vs. cassette-based cash recycler comparison conversations center around speed and capacity. And while those are two very important factors that determine the performance of a machine, there are two other features that push cassette-based recyclers to the front of the pack.
Looking to deploy deposit automation? Then you will want to read on to learn about the costs of installing and running deposit automation ATMs. There are costs associated with hardware, on the back end, as well as the agent that will transport the check images to your back end proof of deposit solution. These costs can sometimes be overlooked, so we want to provide a detailed overview of associated pricing.
From the Perspective of a Former Branch Operations Executive As the person in charge of branch operations, one of your goals may be branch automation by way of implementing teller cash recyclers (TCR) on your teller lines. However, before you are given the green light to purchase, you have also been tasked with providing the justification for the investment. Why should it be implemented? What are the benefits, cost savings, and operational improvements you will see with the implementation? So, from my perspective as a former branch operations leader, I am here to answer the looming “why” question.