GLORY Announces Latest Back Office Retail Cash Recycling Solution CI-100X

Rhea-AI Summary

Glory, a leader in cash technology solutions, has launched the CI-100X, a back-office cash recycling solution, as part of the CI-X range. This innovative product aims to enhance efficiency, security, and cost management in cash processing for retailers globally. The CI-100X automates cash processes, reducing staff handling of cash and minimizing errors. It integrates seamlessly with Glory's CI-SERVERX software for real-time cash management. Joseph Gnorski stated that this line addresses operational efficiency and staffing challenges faced by retailers, reinforcing Glory's commitment to advancing cash management solutions.

Positive

• Launch of CI-100X enhances cash processing efficiency for retailers.
• Automation of cash processes reduces errors and cash shrinkage.
• CI-100X integrates with CI-SERVERX for optimized cash management.
• Addresses staffing challenges with enhanced operational efficiency.

Negative

• None.

BASINGSTOKE, England--(BUSINESS WIRE)-- Glory [TYO: 6457], a global leader in cash technology solutions, today announces the launch of the latest solution in their next generation market-leading CASHINFINITY™ retail cash recycling solutions; CI-100X for the back-office, part of the all-new CI-X range.

Glory's latest retail back-office cash recycler the CO-100X (Photo: Business Wire)

Consumers around the world continue choosing to pay with cash and for some it is their only option. Smart retailers, large and small are deploying cash recycling solutions to increase efficiency, enhance security and manage the costs associated with processing the cash in their business.

Developed based on input from retail customers around the world, together with Glory’s proven experience, the new solutions apply the latest technologies to bring together previously siloed cash processes in-store and beyond to their cash-in-transit and banking partners. With disconnected processes now operating seamlessly, the results for retailers will be organisation-wide efficiencies, enhanced cash security, improved return on investment and opportunities to drive more revenue through improved staff productivity.

The CI-100X back-office solution automates and accelerates start and end of day cash processes, including float preparation and store reconciliation as well as preparation for CIT cash collections. Combined with the previously launched CI-10X point-of-sale cash recycler, they provide closed-loop cash automation, removing the need for staff to handle cash, reducing the risk of errors and cash shrinkage.

“Retailers from around the globe were able to experience the CI-X line in person at this year’s NRF show in New York,” said Joseph Gnorski, EVP of Retail Markets Americas for Glory. “The impact on operational efficiency and staffing challenges were evident when using digital cash automation at the point of sale, as part of self-checkouts and self-service kiosks, and for cash management in the back office. The CI-X range leads the industry of retail cash recyclers, especially in terms of quality, speed and ease of integration.”

Working with CI-SERVERX, Glory’s cash management software, cash handling activities are optimised throughout the front and back-office; providing store managers with real-time device updates and status information, as well as a consolidated view of the cash inventory across the store.

Toshimitsu Yoshinari, Chief Solutions Officer GLORY LTD said, “Today marks the culmination of many years of hard work to upgrade our CASHINFINITY range of solutions. With a new line-up of the latest technology for both retail front and back-office cash recycling automation solutions, not only are we enhancing the value we deliver to retailers optimising their in-store processes, we’re extending that value to their customers and to the cash processes that surround their store operations.”

With CI-10X at the point-of-sale and a range of solutions for varying customer requirements in the retail back office, retailers both small and large will now be able to take advantage of the operational efficiency and other benefits offered by CASHINFINITY cash recycling solutions.

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About GLORY

As a global leader in cash technology solutions, we provide the financial, retail, cash center and gaming industries with confidence that their cash is protected and always working to help build a stronger business.

Our cash automation technologies and process engineering services help businesses in more than 100 countries optimize the handling, movement and management of cash. While we span the globe, we personally engage with each customer to address their unique challenges and goals — enhancing staff efficiency, reducing operating costs and enabling a more rewarding customer experience.

Employing over 10,000 professionals worldwide with dedicated R&D and manufacturing facilities across the world, GLORY is built on a rich customer-focused, technology-driven heritage spanning almost a hundred years.

For further information please visit www.glory-global.com or follow us on Twitter: http://twitter.com/glory_global.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230126005590/en/

paulrace@glory-global.com

Source: GLORY LTD

FAQ

What is the CI-100X launched by Glory?

The CI-100X is a new back-office cash recycling solution aimed at improving operational efficiency for retailers.

When was the CI-100X announced?

The CI-100X was announced in a press release by Glory dated January 26, 2023.

How does the CI-100X benefit retailers?

The CI-100X automates cash processes, increases security, and enhances efficiency in cash handling.

What technology does the CI-100X utilize?

The CI-100X incorporates the latest technology for cash recycling and integrates with Glory's cash management software.

Which stock symbol is associated with Glory?

Glory is associated with the stock symbol GLYYY.