Challenge

Family Foods Inc., is an operator of nineteen Taco Bell locations throughout North America, and the majority of the company’s sales occurrs as cash transactions. For a company like Family Foods, the cash handling processes carry a daily concern of efficiency and safety for both managers and employees alike. Family Foods’ CFO Waylon Dallas sought a solution that would streamline and secure the entire cash handling process - from cash register to the final deposit in the bank.

Basically, they looked for a solution to reduce the number of people handling currency -- as well as one that would in some way guarantee that the bank deposits get made on time with as little room for theft and error as possible.

Solution

After comparing different cash handling options, Family Foods Inc. decided to install Loomis’ SafePoint® solution in ten Taco Bell locations in December 2006.  This fully integrated cash handling system would serve to completely change the way money is handled for this company, and they soon installed SafePoint in nine more locations in 1Q 2007 -- for a current total of nineteen stores.

Results

Mr. Dallas has been able to quantify very positive results. “Our on-site managers have greatly increased productivity, via the elimination of their absence to make bank deposits, as well as the amount of time spent counting money.  Prior to installing SafePoint our managers were spending about 2.5 hours counting money and running to the bank per location, per day. Now, all managerial cash handling responsibilities have been reduced to less than 30 minutes per day, so the decision to install the solution has proved to be a good one.”

Qualitatively speaking, since SafePoint eliminates bank deposits and visits to the bank for change orders, after the installations Family Foods has also realized increased employee safety and minimized the liability of placing employees in potentially risky situations.

 “One of the most important SafePoint benefits,” Mr. Dallas continues, “is the ability to analyze system-generated reports that detail the amount of revenue each location takes in, and what gets deposited into the bank. In addition, the online viewing capability allows CFOs to view daily cash levels from remote locations, and the system is so reliable, that from the minute a Family Foods employee deposits currency into the safe until it reaches the bank account, Loomis guarantees those funds.”

SafePoint solutions draw on Loomis’ extensive cash distribution network, including transport and processing capabilities, as well as the company’s innovative Senergy IT system. By integrating these capabilities with the right equipment, Loomis is able to offer customers like Family Foods total solutions that extend far beyond traditional armored car pick-up.