Successful duo in cash management: ALVARA Logistics App and KÖTTER Security Cloud rolled out
High-tech tracking and tracing at KÖTTER Geld- & Wertdienste
2017-12-20 – A joint solution to track and trace the entire cash cycle in real time which was developed by KÖTTER Geld- & Wertdienste SE & Co. KG in collaboration with ALVARA Cash Management Group AG is already in use at three locations of the cash-in-transit company. The Android-based tour scanner technology has been introduced at the Duisburg branch as well as the cash centers in Dortmund and Cologne, generating added value for all stakeholders in the cash cycle.
For the first time ever, data, such as the number of secure cash bags, collection time, driver ID and digital receipts, is transmitted to the KÖTTER Security Cloud in an audit-proof manner and in real time and can be accessed for further processing or evaluation while the cash is still in transit. This results in quicker and easier access to all tracking and tracing data for the accounting and auditing departments while cash centers save time and costs due to the centralized administration and efficient device management. Internal and external reporting is also significantly simplified as a result.
Security and availability throughout a transparent cash cycle are a top priority. The fail-safe KÖTTER Security Cloud in which all data is centrally stored, is accessed using encrypted connections and prevents data loss even if the scanner is out of order or lost.
Frederik Nitschke, Head of Operations, Finance and Risk Management is very optimistic about the continuing colloaboration with ALVARA, stating, "We have found an incredibly creative and flexible partner in Bernd Hohlfeld's team on our way to innovation. We are already planning the next projects."
Additionally, the solution, which was nominated for the Security Innovation Award 2016 by a panel of expert judges, will be installed at the cash center in Bremen as well as the Paderborn and Aachen branches.