Track: Treasury Operations

Remote Cash Capture: How Wendy's Takes a Bite Out of Risk and Improves Cash Flow

Monday, October 20, 2008
1:30 p.m. - 3:00 p.m.
Room: 404 AB

Historically, cash in a retailer's store location was not quite money in the bank. This session examines how processing cash receipts remotely provides retailers on-site currency deposit, reduces risk and eliminates daily cash delivery to the bank. Hear how Wendy?s worked with its financial institution partner to implement a new remote cash capture solution to manage cash flow and risk.

Speakers:

• Christopher M. Manning
  Director, Loss Prevention and Security
  Wendy's International, Inc.

• David R. Urda
  Operations Manager
  Fifth Third Bank

Objectives

• Assess a retailer's pain points that resulted in development of a new solution, including a review of costs and ROI projections
• Discover new cash processing solution in the marketplace

Pre-Requisites

• Basic knowledge of cash management and payment systems

Take-Aways

• ROI model for business case development
• Case study with examples on best practices on this topic

CPA Field of Study: MAS