At GS1, our vision is a world where things and related information move efficiently and securely for the benefit of businesses and the improvement of people's lives, every day, everywhere.

All knowledge that GS1 has achieved for more than forty years in getting a more efficient supply chain for FMCG is today, after thirteen years of working side by side with National Central Banks, is ready to be used with cash handling.

 

A supply world where everyone speaks the same language would report multiple and common benefits for every agent involved:

  • Full-interoperability
  • Less time per operation due to automatically label readings
  • Non-human error thanks to the automatization process 
  • Common international projects based on the same data structured information for companies located in many countries

 

Focalizing in cash handling world:

  • Increasing the reliability of the physical tracking of cash units
  • Optimizing and standardizing the message flow between professional cash handlers
  • Eliminating duplicate inputs
  • Saving time in preparation, shipping, and receiving
  • Improving traceability and thereby contributing to the customers' safety 
  • Increasing reliability and optimizing inventories
  • Improving the quality of service 
  • Enabling the automatic recording of data to ensure the quality of information

 

Moreover, there are many reasons to join us depending on the nature of your company:

Why join if you’re a National Central Bank

  • Standardized national cash handling process 
  • Automated cash and data processing: less time per operation, more data quality
  • More transparency on data exchange and on the supply chain

 

Why join if you’re a CiT company

  • Speaking a common language with all retailers and commercial banks
  • Receiving all the shipments structured in the same way
  • Less time per operation, GS1 labels allows automatic identification and data interpretation 
  • Non-human error possible with the automated label reading

 

Why join if you’re a Commercial Bank

  • All CiT companies speaking a common language
  • Reduced IT resources due to the possibility of unifying international projects thanks to the main National Central Banks. That enables to receive and send the information structured in the same way

 

Why join if you’re a Retailer

  • All CiT companies speaking a common language
  • Reduced IT resources due to the possibility of unifying international projects thanks to the main Commercial Banks. That enables to receive and send the information structured in the same way

 

Download the document below to see how GS1 Standards are used in cash handling!

 

If you have any doubt or you are interested in receiving more information about cash handling, please don’t hesitate to ask us, GS1 has a cash specialist in many countries.   

Giada Necci from GS1 Italy - giada.necci@gs1it.org

Albert Arbones from GS1 Spain - aarbones@gs1es.org