There are three “waves” of activities being used by banks to bring down their cash costs: process optimization, outsourcing, and multi-bank cooperation (see Exhibit 3).
ATM incidents, and rationalization of the ATM footprint, banks can cut their total cost of managing cash by as much as 10 to 15 percent.
Process Optimization Through more sophisticated cash planning, intelligent monitoring of
Advanced cash planning tools can help banks optimize the volume of cash held in ATMs and the frequency with which these machines are
REDUCING THE COST OF CASH OPERATIONS
Exhibit 3 The Three Waves of Cash Cost Reduction
Timing and Complexity
Source: Booz & Company
Booz & Company