Securitas AB Annual Report 2005

Cash Handling Services
Route Supervisors, Benito Jacob and Lawrence Garcia are on their way to one of Sonic’s restaurants in Phoenix, Arizona. Sonic, the largest
drive-in restaurant chain in the USA started to use SafePoint, a customized solution bringing increased security and, compared to traditional
vault solutions, reduced administrative costs for the customer.
Operations
The division offers comprehensive solutions for cash
distribution in the USA, where we operate as Loomis,
Fargo & Co., and much of Europe. Our international network
of 440 branches is organized into nine geographic
regions. Each region is supported by division-level expertise
within business and operational development, risk
management and human resources. In 2005, we opened
the division headquarters in Madison, Connecticut.
The division serves fi nancial institutions, retailers
and other commercial enterprises with a complete range
of services, providing secure and effi cient distribution,
processing and recycling of cash.
Our service offerings include:
■ Armored transportation
■ Cash management, including processing and recycling
■ ATM services, including cash replenishment, forecast-
ing and technical services
■ Coin processing and packaging
■ Consolidated information and timely reporting
■ Specialized integrated cash handling products
The foundation of all our services is a commitment to
risk management. This is an important element of the
customer value we provide – accepting risk on behalf of
our customers and managing that risk to keep their employees,
property and customers safe. Risk management
is essential to our success and is emphasized in all aspects
of communications, training and management and
monitored with an active audit process in all countries.
We invest heavily in systems, but, even more importantly,
in maintaining a strong risk management culture.
Although many customers choose individual services,
our objective is to provide integrated solutions that serve
their complete cash distribution needs. This approach is
well-established with our banking customers, especially
in Europe. Integrated solutions for the retail segment
also offer great opportunity. The cost to the retailers of
handling cash varies widely, but credible estimates place
it in the range of 0.7 to 1.5 percent of sales. High fi gures,
but still signifi cantly lower than the retailer’s cost for
Securitas is an important player within the society’s cash fl ow
Central
Bank
Cash
Centers
ATM
Check
Cashing
Banks Consumers
Retailers
Cash fl ows into society, starting from national central banks through bank
or outsourced cash centres. From there it proceeds in a series of bilateral
channels, most frequently through ATMs, to consumers who spend the
cash with retailers, who deposit the cash back to the processing centre for
storage or redistribution. The cash must be counted, sorted and repackaged
at multiple points in the cycle. Securitas Cash Handling Services seeks to
enhance the effi ciency of this entire cycle with its integrated solutions.
68 SECURITAS 2005