Pub. 12 2017-2018 Issue 4

NEBRASKA BANKERS ASSOCIATION 29 Tracy Dreessen is the manager of customer service and sales coordinator at Rochester Armored Car. Contact Dreessen today for a FREE guide on “Outsourcing Cash Management Services” by calling (402) 952- 4087 or emailing tdreessen@rocarmco.com . For more information on the services Rochester provides, visit RochesterArmoredCar.com. Schedule a tour or demo today! Contact Tracy Dreessen, Cash Vault Services Sales Coordinator Call: 800/558-9323 E-mail: tdreessen@rocarmco.com Visit: RochesterArmoredCar.com Cash Vault Services Secure currency and coin storage Cash order preparation and deposit verification Inventory management Access to a secure web portal Reduce risk. Improve efficiencies. Lower costs. All with one service. portal at the staff’s convenience. The online technology pro- vides us with up-to-date inventory totals whenever we access the secure web portal and other key information that makes us more efficient, he said. Secure, automated ordering systems, like the one Logsdon uses, enable banks to better manage risk by setting limits for each user whilemaintaining a consistent system. All branches, correspondent banks, and commercial customers order from one system and one cash vault in smaller, more manage- able ordering increments. This eliminates the frustration and potential for errors often associated with emailed and faxed orders. More Than a Reduction in Risk &Operating Costs Banks are quickly realizing that there are more benefits to outsourcing than improved efficiency, reduced risk, and lowered operational costs. Once the logistics of cash manage- ment is eliminated, the bank is once again able to focus on its customers. Often chosen by customers for the promise of personalized service, this is especially key for regional and community banks. Tomaximize the benefits of outsourcing, banks should veri- fy that the armored car carrier it partners with is able to deliver the following services as part of its cash vault management: • secure currency and coin storage, • cash order preparation and deposit verification, • inventory management, • and access to a secure web portal in addition to any file transmissions that may be put in place. Choosing the Right Partner Selecting the right armored car carrier is critical to the success of outsourcing cash vault management. Here are a few questions to ask during the selection process. • What experience does the staff have in cash vault management services? • Is the company financially stable? • How has the company adopted and implemented in- dustry best practices? • Does the company carry cashmanagement insurance? • How often are audits performed? Are they strictly internal or is a third-party auditor used? • Does the company use a reliable cash management and logistics system such as NamSys Currency Controller ® ? 