staff optimization through branch cash automation
DESCRIPTION
One of the most effective ways of decreasing branch overhead is by reducing staffing hours. It’s the proverbial “low-hanging fruit” of cost reductions. However, it is much easier said than done. This presentation discusses how cash automation affects retail branch staffing efficiency and how you can change your staffing models accordingly. You’ll learn: - The impact of cash automation functions on staff time - New ways of thinking about dual control - How customer interaction changes with the addition of automation - Staffing impacts for peak-hour scenarios - FTE case study - Internal staffing process changes Cash automation is extremely effective at reducing the costs associated with staffing a branch. Learn how your branch can effectively utilize this new technology to reduce overhead.TRANSCRIPT
![Page 1: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/1.jpg)
Ralph SandersProject Director
ARCA
Staff Optimization through Branch Cash Automation
![Page 2: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/2.jpg)
THE BIO
RALPH SANDERSARCA // Project Director
Ralph Sanders has spent 17 years in the financial industry holding various roles in Operations Management, Marketing, Sales and Lending. He joined the ARCA team in 2010 and has worked in both commercial and technical roles specific to branch cash automation.
As a Project Director with ARCA, Ralph visits hundreds of financial institution branches throughout the country. He spends his time working with their operations team, determining the best deployment solutions as well as return on investment scenarios. Ralph lives in Raleigh with his wife Phyllis and their four children Ralph, Philip, Cole and Caleigh.
![Page 3: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/3.jpg)
THE NITTY GRITTY
RALPH SANDERS
Recording
We will be recording today’s presentation.
Contact Information
Email [email protected]
Tel. 919.442.2527
Sponsored by:
![Page 4: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/4.jpg)
THE PLAN
What is cash automation?
The impact of cash automation
functions on staff time
New thinking on dual control
Change the “Customer
Experience”
Staffing impacts for peak-hour
scenarios
Staffing impact case study
Internal staffing process changes
Staff Optimization through Branch Cash Automation
![Page 5: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/5.jpg)
BRANCH CASH AUTOMATION
What is it?
Cash Recycler
![Page 6: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/6.jpg)
BRANCH CASH AUTOMATION
What is it?
Cash Dispenser
![Page 7: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/7.jpg)
BRANCH CASH AUTOMATION
What is it?
Bill Counter
![Page 8: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/8.jpg)
IMPACTS OF CASH AUTOMATION ON STAFF TIME
Consumer and Commercial Transactions
![Page 9: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/9.jpg)
IMPACTS OF CASH AUTOMATION ON STAFF TIME
Consumer and Commercial Transactions
Night Drop & Change Orders
![Page 10: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/10.jpg)
IMPACTS OF CASH AUTOMATION ON STAFF TIME
Consumer and Commercial Transactions
Night Drop & Change Orders
Vault Time
![Page 11: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/11.jpg)
IMPACTS OF CASH AUTOMATION ON STAFF TIME
Consumer and Commercial Transactions
Night Drop & Change Orders
Vault Time
Opening, Closing, Balancing
![Page 12: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/12.jpg)
IMPACTS OF CASH AUTOMATION ON STAFF TIME
Consumer and Commercial Transactions
Night Drop & Change Orders
Vault Time
Opening, Closing, Balancing
CSR support on the teller line
![Page 13: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/13.jpg)
DUAL CONTROL
Closed loop system
Open
Night drop
Workstation cash management
![Page 14: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/14.jpg)
CHANGE THE CUSTOMER EXPERIENCE
What has to happen before you can engage a customer face-to-face?
Is the branch a revenue vehicle?
What is the value of a single point of contact?
![Page 15: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/15.jpg)
STAFFING IMPACTS TO PEAK HOURS OF OPERATIONS
When do you service your customers?
When do you service your value customers?
What percentage of your customers do you service during peak hours?
Efficient staffing structure – Increase/Decrease
![Page 16: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/16.jpg)
STAFFING IMPACT CASE STUDY
We wanted to make the branch environment more efficient. Using automation, software and hardware allows us to reduce the staff required in a branch, thereby decreasing our branch footprint.
“”- Kevin Herrington
Senior Vice President and Chief Operations OfficerFranklin Synergy Bank
![Page 17: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/17.jpg)
PROCESS CHANGE RESULTING FROM AUTOMATION
Customer vs. Commercial Transaction
Special transactions
Open/Close
CSR transaction start at desk closest to kiosk
Security
Cross Service/Sell
![Page 18: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/18.jpg)
THE RECAP
What is cash automation?
The impact of cash automation
functions on staff time
New thinking on dual control
Change the “Customer
Experience”
Staffing impacts for peak-hour
scenarios
Staffing impact case study
Internal staffing process changes
Staff Optimization through Branch Cash Automation
![Page 19: Staff Optimization through Branch Cash Automation](https://reader033.vdocuments.net/reader033/viewer/2022060120/559185211a28ab2a318b4569/html5/thumbnails/19.jpg)
ABOUT ARCA
We provide technology and services to help people control cash in credit union and bank branches, retail stores and self-service kiosks. Contact ARCA to learn more about how cash automation can benefit your branches’ performance.