Retailers: Are Smart Safes a Bright Idea?

Introductions

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William BurbackVice President

Global Treasury ManagementU.S. Bank

James Poteet Senior Vice President

Business Solutions Brink’s U.S.

Tim SmithCorporate Controller

Binny’s Beverage Depot

Binny’s Beverage Depot

• Upscale wine and liquor store with selection of 50,000+ items

• 28 locations throughout Chicago area

• 800 employees• 2011 revenue of $250

million

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Binny’s Pre-Smart Safe Process

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Reduce Cash Supply Chain Costs

Source: Brink’s proprietary customer research

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Binny’s Desired Outcomes

• Get manager back to managing the business• Eliminate the risk of multiple cash touch points• Improve employee safety and enhance overall

risk management • Improve information visibility & quicker cashier

balancing• Improve banking relationships through

efficiency

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Measurement Against Desired Outcomes

Objective Achieved

Manager focus on core business

Improve in-store efficiency through elimination of multiple cash touch points and quicker cashier balancing

Improve safety and risk

Information visibility

Improved efficiencies in the supply chain

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Market Solutions Available to Address the Funds Timing Gap

• Remote Deposit Capture (RDC)• On-Site Electronic Deposit – enables customers to deposit checks

electronically from the convenience of their office using a PC and a desktop scanner

• Checks may be processed as an image check deposit or converted to ACH

• Customers are able to make deposits as soon as they are received, eliminating desk float and the need to transport checks to the bank

• ACH processing allows customers to further maximize funds availability

• Remote Currency Capture (RCC)• Remote Cash Deposit – Armored car smart safe solution with daily

credit to bank• Cash deposits are electronically posted to the bank on a daily basis,

resulting in better availability of collected funds• Faster availability of cash deposits makes reconciling more efficient

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How Does Daily Credit Work With a Smart Safe Solution?

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Added Benefit to Binny’s

• Better availability for validated cash and imaged checks

• More efficient/timely corporate reconciliation process

• Better deposit tracking enabling proactive funds monitoring

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Why Do Customers Use a Smart Safe?

Key Areas of Focus Benefits

Reduce store/corporate labor costs • Deposit cash as soon as the customer pays

• Track deposits from the store to the bank

• Save labor daily hours associated with counting cash

Reduce operating and administrative costs • Automate bank account reconciliation• Quicker identification of issues

Reduce internal/external theft • No access to safe contents• Dual control required for removal• Guarantee for cash in cassettes• Quicker balancing and reconciliation

Reduce employee turnover • Eliminate risk of taking deposits to the bank

• Employees spend more time with customers

• Automated cash handling process

Improve store performance • Automated oversight & control• Frees manager to focus on core

business activities

Questions and Answers