When performing in-house cash processing, it is essential to ensure you are obtaining competitive advantage both in terms of the services offered to customers and the costs of managing your cash operations.
SMI has extensive experience of cash centre operations particularly with respect to optimising cash flow efficiencies, including:
- analysing the type and volume of daily cash flows
- developing mathematical models similar to those extensively employed in operations management in the context of production planning, distribution and logistics which examine the costs and benefits of currency processing volume reallocation and the impact of scale economies on processing costs, thereby providing a quantifiable basis for selection between alternative operating models.