Cash Management

Cash Management

Loomis

Description

We simplify cash management for retailers and commercial businesses by using our national cash distribution to dramatically reduce the number of banking relationships needed, and reduce cycle time and deposit tracking by location. Additionally, we offer Outsourced Vaults for banks that wish to cut costly investments in vault infrastructure and facility leases.
 


Benefits

Cash, Coin, and Check Processing

  • From banks and financial institutions to retailers and commercial businesses, we understand your need for more effective ways to manage and process currency, coin, and checks. That’s why we offer a variety of convenient solutions—from managing cash and coin inventory to streamlining check imaging operations.

Cash Processing

  • Our comprehensive capabilities include change order preparation, order fulfillment, deposit consolidation, ATM cash preparation, and residual processing. Loomis Internet Change Orders enable simultaneous control of multiple location orders, deliveries, and approvals—all while reducing endpoint and Federal Reserve charges. Each of our cash operations features a balance-and-audit function, bolstering daily processing operations with independent auditing and quality control.

Coin Processing

  • Our comprehensive services simplify coin management and include Federal Reserve Coin Depots in 40 locations, along with sorting, wrapping, storage, and delivery from over 150 operating facilities. Next-day standard and non-standard change orders may be received at your location, and return shipments can be processed, reported, stored, and made available for redistribution to your locations. As the industry’s only insourced coin operation, we provide stable and reliable coin processing services. 

Check Processing

  • Cash, checks, and mixed deposits are captured, validated, proofed, and balanced simultaneously with our simple automated process, while remote check capturing solutions streamline operations and leverage Check 21 provisions. For a reduced end-to-end cycle time, check images can be electronically routed every night, so you can settle or clear them daily.

About the Company

Loomis offers a wide range of integrated solutions for cash handling. These services, which mainly target banks, multi-location retailers, stores and other commercial enterprises, provide secure, efficient management of the physical flow of cash in our customers’ businesses. Loomis has operations in 13 countries: the US, Sweden, Norway, Finland, Denmark, UK, France, Austria, Slovenia, Slovakia, Switzerland, Spain, and Portugal. An extensive international presence is an important asset, contributing a considerable amount of collective expertise in cash. The Loomis share (LOOM B) is listed on the NASDAQ OMX Stockholm, since December 9, 2008. It is part of the Nordic Mid Cap list in the sector Industrial Goods and Services.​


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Categories:  Cash management
Best For: Unavailable
Retail Verticals: Unavailable

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