Gunnebo Seals Brazilian Cash Handling Order
The Gunnebo Security Group has received its first major order for cash handling solutions in Brazil from retail chain, Riachuelo. This is a major breakthrough and is in line with Gunnebo’s strategy to expand the current Brazilian business and enter into new business sectors.
The order is for Intelisafe, a smart safe solution for the depositing of cash from tills. Intelisafe gives the retailer control and reconciliation, transparent transactions, real-time monitoring, improved tracking and follow-up services, as well as same-day credit.
Riachuelo is one of Brazil’s largest retail chains with over 170 stores across the country. The retailer has been a loss prevention customer of Gunnebo Brazil for over ten years, and the new portfolio of cash handling solutions that was brought into Brazil when Gunnebo Gateway was fully integrated into the Group last year fits perfectly with Riachuelo’s cash handling strategy.
“Previously we operated with a team specifically for dealing with cash, but with Intelisafe we now give every till operator the responsibility of depositing money directly into the safe, thereby getting the most out of our resources,” says Lenivaldo Barros, Auditor at Riachuelo.
“Intelisafe has a very clever design. Since it operates with a PC linked to the safe, you can carry out a system-wide operation or maintenance without having to open it or access the compartment where money is deposited. Another feature is its use of money pouches with the capacity to take a large amount of bank notes so the retailer does not have to exchange them throughout the day,” Barros explains.
The system has been tested in two stores with excellent results and the plan is to roll out installation across almost the entire group.
“Gunnebo’s core business is currently focused on the cash cycle, where we provide solutions to optimise and secure cash at every stage,” comments Gunnebo’s President and CEO, Per Borgvall. “Our strategy to grow the business in Brazil is to take the best out of our proven successful global offering and adjust it for the local market. Our collaboration with Riachuelo proves that we are on the right track.”
GUNNEBO AB (publ)
Group Communications
Per Borgvall, CEO and President, Gunnebo AB, tel 46 10-209 5000 or
Karin Wallström, Communication & IR Director, Gunnebo AB, tel 46 10 2095 026 or e-mail karin.wallstrom@gunnebo.com
The Gunnebo Security Group provides efficient and innovative security solutions to customers around the globe. It employs 5,700 people in 32 countries across Europe, Asia, Africa, Australia and Americas, and has a turnover of €580m. Gunnebo focuses its global offering on Bank Security & Cash Handling, Secure Storage, Global Services and Entrance Control.
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