Glory announces the implementation of their CASHINFINITY™ back-office cash recycling solution across 26 Henderson owned stores in Northern Ireland.
The Henderson Group is on a mission to bring efficiencies to all their company-owned and independent stores. In July 2020, the company selected Glory as their preferred supplier for in-store cash recycling technology to drive enhanced efficiency across all their cash processes including cash handling, cash management and CIT/banking processes.
In a recent survey carried out by Ulster Bank some 87% of people in Northern Ireland are still using bank notes and almost two-thirds (62 per cent) envisage continuing to do so in five years’ time.
Senior executives at Henderson Group identified 26 of their company-owned EUROSPAR locations as a ‘quick win’ for cash efficiencies through deployments of Glory’s CI-100 back office cash recycling solutions. This decision was motivated by the fact that these large format stores would benefit from installing back office solutions quickly and efficiently and providing a quick ROI on the investment. By deploying the CI-100 into these chosen stores, the executive team is also future proofing a closed loop deployment in time following the successful integration of Henderson Technology’s EDGEPoS software with Glory’s CI-10 point of sale solution.
Ron Whitten, Chief Financial Officer, Henderson Group says “Glory’s range of retail cash handling solutions provide centralised control of cash inventory and optimisation of all cash processes. CASHINFINITY™ offers a retail cash management solution with the flexibility to fit any size store. Whilst we have been focused on streamlining in-store administrative tasks and removing inefficiencies in our processes for some time to allow stores to focus on the customer experience, the current challenges presented by COVID-19 have further heightened our interest in new technologies to remove pressure on our store teams.
“After successfully testing the Glory back office machine in one of our EUROSPAR supermarkets, with proven time efficiencies through removing routine non value added tasks such as float replenishment, till uplifts, safe counting and lodgement preparation etc., and demonstrating a return on investment in time saving alone of over 30% even with the reduction in cash takings due to the current climate, it was an easy decision to roll this out across a significant swathe of the company owned sites, with expectation of more to follow.”
The first live store with the full CI-100 back office system was EUROSPAR P&G in Portadown, which quickly proved the return on investment business case that led to the 26-store order.
In studying the full potential of stores for the CI-100 deployment, it became clear that the flagship store in Millisle should implement the solution prior to opening in September 2020 allowing the supermarket to have an efficient cash management system in place from day one of operations.
Mark McCallum, VP Business Development EMEA & Country Head UK & Ireland, Glory said: “We are very proud to have been chosen as the preferred supplier for cash recycling solutions by Henderson Retail and Henderson Technology. We were tasked with designing solutions that addressed their specific challenges. We were delighted to work in partnership with the Henderson team to build a future proof cash management system that will deliver tangible value across their store network. I would like to thank Henderson Group for the trust placed in Glory and for the support that we have enjoyed as a supplier of choice.”