Transguard, the Emirates Group's security services provider, now operates the first fully automated cash management center for national and international commercial banks in the Middle East.
This has been made possible with software provided by Giesecke & Devrient, Munich. Giesecke & Devrient has equipped the Transguard Cash Management Center in the Dubai Airport Free Zone with its CompassCM cash management software. With the aid of this software, the various steps in banknote processing are controlled via a single user interface.
The cash center is currently equipped to handle 600,000 banknotes per day. In an eight-hour shift alone, it can process 400,000 banknotes. In the past, once the banknotes from an incoming shipment had been counted and scanned, cash center employees had to enter each individual statistic into the computer for further processing manually and using different programs. The possibility of human error could not be completely excluded, and the process required more time and effort.
With the aid of Compass, each and every step involved in banknote processing can be controlled and the results documented. The software monitors every single process, from the simple processing of deposits to detailed supply administration to ordering and delivery. All component processes can be controlled via a single user interface.
Transguard provides security service for the storage and transportation of valuables. Transguard handles all valuable cargo for export and import through Dubai airport and provides secure transportation in armored vehicles for valuables. It also provides international insurance and has an array of services ranging from airport to airport to door to door. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
