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Staff Optimization through Branch Cash Automation

Date post: 30-Jun-2015
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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.
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Ralph Sanders Project Director ARCA Staff Optimization through Branch Cash Automation
Transcript
Page 1: Staff Optimization through Branch Cash Automation

Ralph SandersProject Director

ARCA

Staff Optimization through Branch Cash Automation

Page 2: Staff Optimization through Branch Cash Automation

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

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

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

BRANCH CASH AUTOMATION

What is it?

Cash Recycler

Page 6: Staff Optimization through Branch Cash Automation

BRANCH CASH AUTOMATION

What is it?

Cash Dispenser

Page 7: Staff Optimization through Branch Cash Automation

BRANCH CASH AUTOMATION

What is it?

Bill Counter

Page 8: Staff Optimization through Branch Cash Automation

IMPACTS OF CASH AUTOMATION ON STAFF TIME

Consumer and Commercial Transactions

Page 9: Staff Optimization through Branch Cash Automation

IMPACTS OF CASH AUTOMATION ON STAFF TIME

Consumer and Commercial Transactions

Night Drop & Change Orders

Page 10: Staff Optimization through Branch Cash Automation

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

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

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

DUAL CONTROL

Closed loop system

Open

Night drop

Workstation cash management

Page 14: Staff Optimization through Branch Cash Automation

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

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

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

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

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

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.

Page 20: Staff Optimization through Branch Cash Automation

Ralph [email protected] / 442 2527

Corporate Headquarters919 / 422 [email protected]


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