Henderson Group implements new cash recycling solution in Northern Ireland stores

The company selected Glory as its preferred supplier for in-store cash recycling technology to drive enhanced efficiency across its cash processes including cash handling, cash management, and CIT/banking processes.

Henderson Group identified 26 of its company-owned Eurospar locations as a ‘quick win’ for cash efficiencies through deployments of Glory’s CI-100 back office cash recycling solutions.

The first store to go live with the full CI-100 back office system was Eurospar P&G in Portadown, County Amargh, which quickly proved the return on investment business case that led to the 26-store order, Henderson said.

The group added that it became clear that the flagship store in Millisle should implement the solution prior to opening in September 2020, allowing the supermarket to have an efficient cash management system in place from day one of operations.

Ron Whitten, chief financial officer at Henderson Group, said: “Glory’s range of retail cash handling solutions provide centralised control of cash inventory and optimisation of all cash processes. CashInfinity offers a retail cash management solution with the flexibility to fit any size store. Whilst we have been focused on streamlining in-store administrative tasks and removing inefficiencies in our processes for some time to allow stores to focus on the customer experience, the current challenges presented by Covid-19 have further heightened our interest in new technologies to remove pressure on our store teams.

“After successfully testing the Glory back office machine in one of our EuroSpar supermarkets, with proven time efficiencies through removing routine non-value-added tasks such as float replenishment, till uplifts, safe counting and lodgement preparation, and demonstrating a return on investment in time-saving alone of over 30% even with the reduction in cash takings due to the current climate, it was an easy decision to roll this out across a significant swathe of the company-owned sites, with expectation of more to follow.”