BASINGSTOKE, England--(BUSINESS WIRE)--The prestigious Top Produkt Handel awards recognise the year’s best retail sector technologies, highlighting innovative solutions that enable retailers to transform their business processes. The award winners, as voted for by Business Handel Magazine readers, were announced at EuroCIS and Glory’s front-office cash recycling solution CI-10, from the CASHINFINITY portfolio, won first place in the “Payment Management” category.
In its eighth consecutive year, the competition received hundreds of entries from which the judges selected 18 nominees in the categories of innovation, multi-channel, process optimisation, shop ideas, promotion and payment management. More than 1,000 readers voted for solutions they felt had the greatest positive impact on the retail environment and shopping experience.
Despite the rapid adoption of new payment mechanisms such as contactless cards and mobile wallets, cash still accounts for the majority of payment transactions across Europe. Forward thinking retailers understand that the cash in their business should be considered like any other item of inventory. Accelerating the speed of cash through store operations, from the customers’ point of purchase to being deposited in the retailers bank account, can yield significant savings and enhance their profitability in times of increasing pressure on margins.
Whether retailers deploy cash recycling at the point of sale, in the back office, or both to deliver closed loop in-store cash management processes, the introduction of CASHINFINITY solutions has proven to reduce costs associated with counting and validating cash, reduce shrinkage and release valuable staff time to focus on delivering improved customer experience.
The owner-operated bakery Bäckerei Tiefenbach, headquartered in Baden-Wurttemberg, Germany, perfectly illustrates that using CASHINFINITY delivers significant value even for smaller bakery stores. Developed to be intuitive and simple to use, customers now deposit their cash payments directly into the Glory CI-10 banknote and coin recycler devices at the counter meaning bakery staff no longer need to handle the money, delivering a higher standard of hygiene. The solution has also proved its worth from a business perspective, providing visibility to how much cash is in the store, coupled with greater security and an increase in productivity, have all contributed to fast return on investment for Bäckerei Tiefenbach.
Speaking on behalf of Glory Global Solutions, Sion Roberts said "We're proud and delighted that Glory's CASHINFINITY cash management solution has won such prestigious industry recognition. In-store automated cash recycling at the point of sale and in the back office is rapidly becoming mainstream in retail businesses around the world. Retailers are seeing tangible and rapid benefits through improvement in store efficiency, reduction in cash shrinkage and enhancement of customer service through deployment of our CASHINFINITY solutions."
About Glory Global Solutions
Glory Global Solutions is the global leader in secure cash management solutions. Operating across the financial, retail, cash centre and gaming industries, businesses in more than 100 countries rely on our solutions to enhance staff efficiency, reduce operating costs and enable a better customer experience.
Headquartered in the UK, Glory Global Solutions is a wholly owned subsidiary of GLORY Ltd. [TYO:6457]. Employing over 3,000 professionals worldwide with dedicated R&D and manufacturing facilities across Europe, Asia and North America, Glory Global Solutions is GLORY’s international sales and service organisation. Built on a rich customer-focused, technology-driven heritage spanning almost a hundred years, GLORY is a pioneer in the development and manufacture of cash management, vending and automatic service equipment.
CASHINFINITY and its associated graphical representation are each a registered trademark of GLORY LTD. in Japan, the European Union, the USA and other countries.