GRG launches innovative cash management solution

GRG’s AutoDepot P2801L is an intelligent cash deposit machine that can automate transactions by counting, identifying, sorting and saving independently.

METRO Cash & Carry concluded the sales contract with ITService Retai l& Banking- the exclusive sale partner of GRGBanking in Russia, for providing an integrated solution based on GRG P2801L (cash deposit machines) after it analyzed the results of pilot project.

The current cash management approach in use in METRO is the typical one for retail companies today. The whole process is very complex and time consuming. In order to reduce costs, increase customer service and maximize security, METRO Cash & Carry Russia recently started a pilot project to introduce a new cash processing solution developed by GRGBanking and ITS specifically for shopping centers. The new technology based on GRG P2801L had been tested and fine-tuned during 7 months of the trial operation in METRO Cash & Carry Moscow trade center.

As a result of the pilot, the implemented technology has been voted to be efficient and METRO Cash & Carry has made decision to extent it to the whole chain of its trade centers. The implementation of the solution on cash circulation automation is expected to significantly reduce costs of cash handling, to automate files circulation and to reduce costs of cash collection.

Also Read

Philippines' liquidity at 5.6% YoY in April

TerraPay obtains MPI License in Singapore

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia