Securitas AB Annual Report 2005

In the aim to minimize risks involved in armored transport, replenishment and servicing of ATMs, Securitas is increasingly
using armored transport pouches, based on so called SQS technology. Thanks to a unique color impregnation
technique, the pouches function as a completely sealed and tamper-proof system, protecting the contents during the
entire journey, from vaults to ATMs and back.
thousands of hours of value back into the store” in time
saved by managers who no longer had to spend time on
cash management. Additionally, deposits were credited
in a more timely fashion, fees were reduced and security
improved with the solution. Other examples of retail
Outlook
Securitas Cash Handling Services’
long-term vision is to manage cash in
society. The objective is to create a
more effi cient and secure cash distribution
system. With our international
network of 440 branches in the USA
and Europe, we are well positioned
to pursue and achieve this vision. We
will continue to leverage this infrastructure
to offer secure, integrated
solutions designed to better serve
the needs of the banking and retail
industries.
The market opportunities are positive.
Although the armored transportation
industry is fairly mature, the market
for cash processing is much less so.
This is particularly true in the USA
and in the retail sector in all markets.
Much of what could be outsourced is
not, and the overall cash distribution
system is not as effi cient as it could
be. By offering solutions that integrate
secure transport, cash processing and
timely consolidated reporting, Securitas
offers a compelling customer value
proposition to encourage a development
towards more outsourcing.
solutions include the Cash Shop and Myntomat. The Cash
Shop makes it possible to effectively make deposits and
receive change funds within high-density retail locations.
Myntomat was recently introduced in Sweden to facilitate
coin recycling for both retailers and consumers.
The primary challenges in the year
ahead are the following:
■ Build broad confi dence among large
customers in the division’s ability
to deliver integrated cash handling
solutions. While Securitas Cash
Handling Services is established
as an integrated service provider in
much of Europe, the division is still
perceived by too many in the USA
as an armored car company. This is
changing. Also, we see favorable
responses from retail customers, including
many who have never used
our services, for new products such
as SafePoint.
■ Continue to emphasize a culture
of risk management throughout the
organization. Ultimately, this is a
vital key to success. It becomes
even more critical with the introduction
of new technology and greater
access to customer fi nancial data.
Despite the adverse situation we
encountered in Sweden in 2005,
the risk management culture and
program is a core strength throughout
the network. In line with our
vision of managing cash in society,
we accept the obligation to manage
the corresponding risks as well.
With the divestment of the German
operations, where competitive dynamics
were unacceptable, the division
now has strong operating networks
in place throughout all our markets.
And despite only modest organic
growth during the year, there is a
greater acceptance of our vision and
confi dence in the division’s ability
to deliver.
Cash Handling Services
Robin Sullivan (left) and Carol O’Quinn, head of cash handling
services (right), at Region’s Bank in Memphis, Tennessee have
adopted the Internet Change Order, Securitas’ internet-based
solution for more effi cient cash ordering.
SECURITAS 2005 71