Client Testimonals
Arriva Plc
We have worked with CMS on numerous projects from 2002 to the present day as CMS have been able to pinpoint areas to generate efficiencies in our operations and the supply chain. This has led to the successful delivery of an approximate 30% reduction in our combined annual budgets whilst helping to achieve an improvement in the overall service proposition.
I would recommend CMS to any company wanting to review their cash operations and deliver real cost savings.
Richard Bowler
Head of Finance
Arriva UK Bus
BP Oil UK Limited
I would like to thank Cash Management Systems Ltd for your assistance in the recent Cash In Transit project and tender process which has enabled us to achieve significant cost savings and an improved contractual position without the need to change supplier.
By means of CMS's bespoke scheduling software and expertise we have correctly aligned our collection profile to the individual requirements of our sites with a proficiency that would not have been possible in house.
We are extremely pleased with the results achieved and would strongly recommend that any retailer reviewing its Cash In Transit requirements should speak to Cash Management Systems Ltd.
Paul Farrant
Procurement Operations
BP Oil UK Limited
Co-Operative Retail Group Limited
I would like to take this opportunity to thank Cash Management Systems for the work you have done recently during our Cash in Transit negotiations.
Your services have been invaluable, especially your help in enabling us to band every collection to the optimum level. Thanks to your benchmarking approach, and subsequent negotiation of our rates, we have achieved considerable savings without the need for a change in supplier or to make any operational changes.
I would recommend that other organisations reviewing their Cash in Transit requirements should speak to you.
Malcolm Rothwell
Cash Accounting Manager
Co-Operative Retail Group Limited, part of the Co-Operative Group
Coventry Building Society
Coventry Building Society has been working with CMS for the past 12 years. Throughout this time CMS has reduced Coventry Building Society’s Branch and ATM cash management costs with the provision of a cash ordering system and, in the early stages of our relationship, by reviewing CIT and Banking budgets.
The CMS Ordering System has enabled us to achieve significant cost savings by ensuring optimal holdings and reducing CIT costs, combined with reducing the security risk at the branches by not holding excess cash.
We have an excellent relationship with CMS and have always found them to be responsive to requests. As such I would not hesitate to recommend CMS and their Cash Management solutions to other financial institutions.
Tony Shenton
Sales Operations Manager
Coventry Building Society
Elior UK limited
I am writing to thank CMS for its help in our recent Cash in Transit contract negotiations.
We had recently looked at the contract internally, and we were delighted at the additional benefits CMS was able to bring through its expertise.
We have very bespoke requirements due to the nature of our business. It was essential if a third party was to assist us with contract negotiations that they must have a complete understanding of our processes and requirements. With your industry knowledge and efficient and professional approach CMS achieved this with the minimal amount of impact on our own time and resources.
Through an excellent understanding of our requirements and flexibility in the approach to the project, CMS negotiated improved contractual terms and delivered significant savings within a short timescale.
We would happily recommend CMS to any business wishing to lower charges and improve their contractual position on their Cash in Transit contract.
James Partington
Treasury Manager
Elior UK Ltd
Esso Ireland
Through your work on the tender of our cash in transit and cash processing contracts in the UK we have achieved substantial reductions to our budgets with our incumbent supplier whilst improving our contractual and SLA position.
With your help in the renegotiation of the money transmission costs for our UK retail business we have reduced our budgets by 40% for the next four and a half years.
The work undertaken by CMS to tender our cash in transit and cash processing contracts in Ireland has enabled us to save 30% on our budgets.
Your knowledge and advice on our end to end cash to bank process has enabled us to reduce the time taken for cash to reach our bank account, resulting in an improved cash flow position.
On a final note, the analysis and advice throughout our relationship with CMS has always been professional and of a high standard and has given us a stronger understanding of the CIT and money transmission markets which will be of ongoing benefit to our business.
Sinead O'Connor
Senior Procurement Associate
Esso Ireland ltd
Focus (DIY) Limited
I would like to thank CMS for all your support with our cash management projects.
Your industry knowledge, software and project expertise has allowed us to achieve significant savings over the many years that our companies have worked together.
Jo Malpas
Financial Accounts Manager
Focus (DIY) Limited
H&M Hennes & Mauritz UK and Eire
We would like to thank everyone at CMS for all your help in achieving the significant cost savings through the recent Cash In Transit project. We are very pleased with the end result which has seen our budget reduce by more than 50% through utilising CMS’ CIT scheduling software and through your assistance with the recent tender and negotiation process.
Tim Hazelden
Security Manager
H&M Hennes & Mauritz UK and Eire
Islamic Bank of Britain
Islamic Bank of Britain has been working with CMS since January 2009. CMS managed our Cash in Transit process which resulted in significant budget savings, an improved contractual position, and a professional and efficient change in supplier.
Through using the CMS online cash management system we have been able to achieve further cost savings by ensuring we hold optimal balances whilst utilising CIT services as efficiently as possible. The additional service provided by CMS of managing our CIT suppliers and contracts has been excellent and means any service issues are resolved quickly and efficiently in a professional manner.
CMS achieved significant savings for IBB whilst ensuring that we received markedly improved service levels from our suppliers. I would not hesitate to recommend them to another bank or financial institution of our size.
Mathew Glover
Branch Operations Manager
Islamic Bank of Britain
J Sainsbury Plc
I would like to thank you for your assistance in helping Sainsbury's with the tender processes for both our cash in transit business and the sourcing of the provision of coin to our stores.
The negotiations resulted in a substantial reduction in our cash in transit costs without the need to change our main supplier. CMS also assisted Sainsbury's with the smooth transfer of business to a new provider of coin.
Darren Clark
Assistant Treasurer
J Sainsbury Plc
Marks and Spencer Plc
I would like to thank Cash Management Systems Limited for their assistance in our recent Cash Processing and Cash in Transit tender processes.
Your services in this combined tender process have been helpful to us and were handled in a professional manner.
Susan A Lantz
Deputy Group Treasurer
Marks and Spencer Plc
Matalan Retail Limited
I would like to offer my thanks to CMS for your assistance in helping Matalan realise significant benefits in each of the areas of Cash in Transit, Banking and Merchant Acquiringc
Your market expertise combined with your bespoke software helped us identify opportunities for increasing value in each of the three areas and y our assistance in the ensuing tender processes meant that we were able to achieve these benefits in a timely manner.
I would strongly recommend companies looking to reduce costs and optimise cash flow to speak with CMS.
Paul Gilbert
Finance Director
Matalan Retail Limited
McDonald's Restaurants Limited
CMS has helped McDonald's to achieve substantial cost reductions in our CIT and cash banking operations. These savings have included fundamental reductions in supplier pricing without the need to make operational changes.
We are now working with CMS to ensure continued long-term cost control and improvements in supplier service quality.
We would recommend that other organisations looking to reduce costs in these areas speak with CMS.
Matthew Howe
Vice President - Financial Controller
McDonald's Restaurants Limited
Monsoon Accessorize Limited
I would like to thank Cash Management Systems Ltd for your professional services in the cash management project and recent cash-in-transit and banking tender processes.
CMS has facilitated the smooth transfer of stores onto cash collection services with minimal impact on our overall cash handling budgets. Your cash-in-transit expertise has enabled us to assess our collection schedules on an individual store basis thereby improving our risk profile whilst retaining the confidence of our operational team and store staff.
I am extremely pleased with the results achieved and the manner in which the project was handled. I would strongly recommend that any retailer reviewing its cash-in-transit and banking requirements should speak to Cash Management Systems Ltd.
Brian Cole
Head of Finance
Monsoon Accessorize Limited
Moto Hospitality
Many thanks for your assistance with Moto Hospitality Ltd’s recent CIT, cash processing and banking tender projects and negotiations.
The combination of CMS’ CIT and procurement software and benchmarking databases, combined with your in depth knowledge of each of these industries, meant that we were able to achieve major reductions across each of these budgets and increase our cash flow/bank balance at the same time through improved value dating.
The end to end process from your initial review of our current processes and costs through to production of the ITT documentation, supplier negotiations and eventual contract award was handled professionally, and Moto Hospitality Ltd were kept fully informed of the progress and value added at each stage through continual contact with the CMS team and detailed written reports and presentations.
I would have no hesitation recommending CMS to any company wishing to achieve significant reductions across their cash management budgets in a controlled and professional manner.
Amanda J Lees
Treasury Manager
Moto Hospitality Limited
Northern Rock Plc
With regard to the latest version of the cash Management Software installed earlier this year, I thought it would be useful to update you on the progress we have made to date.
Whilst we are continually working together to enhance the system, the initial signs are very promising. I have recently been contacted by our cash carrier, who wished to identify the reason for a reduction in cash deliveries in comparison to prior years. The reduction in cash deliveries is as a direct result of the cash management system optimising the cash deliveries to branches by comparing the increasing unit prices charged by Securitas against the falling cost of holding cash.
Yet again I am pleased to say that Cash Management Systems have succeeded in helping Northern Rock achieve real cost savings. These savings combined with the saving made with your assistance in identifying a new cash supplier through tire invitation to tender, have contributed in Northern Rock's objective of maintaining its enviable low cost base.
I look forward to improving our relationship over the coming years and equally identifying further areas for cash management related cost saving initiatives.
J P Deane
Finance Department Manager
Northern Rock Plc
River Island Clothing Co Limited
I would like to take this opportunity to thank Cash Management Systems for the invaluable work you have done on our recent Cash in Transit project.
The market knowledge which you brought to the process about the differing products offered by each of the carriers has enabled us to achieve a service that matches the requirements of our stores, at a reduced price.
We would strongly recommend Cash Management Systems’ services to any retailer hoping to achieve significant savings in their Cash in Transit budget.
Colin Bailey
Director of Central Services
River Island Clothing Co Limited
Somerfield Group
I would like to take this opportunity to thank Cash Management Systems for the work you have done in regards to our Cash in Transit collection and delivery profile.
The CMS software and your expertise proved invaluable in reviewing our Cash in Transit schedule. Through the recommendations you provided, Somerfield was able to achieve substantial cost savings and improved cash flow whilst maintaining an acceptable risk profile at each store.
We are extremely pleased with the outcome of the exercise and would recommend that other retailers wanting to reduce Cash in Transit costs speak to Cash Management Systems
Caroline Evans
Head of Financial Processes
Somerfield Plc
Stagecoach UK Bus
On behalf of Stagecoach UK Bus & Supertram, I would once again like to thank you and the CMS team for your assistance in our recent tender projects.
Given our complex requirements and processes, bespoke to each of our individual operating companies, your initial tender documents were precise and provided an excellent project scope to suppliers. The subsequent management of the project, bid analysis and reporting was comprehensive and allowed us to tailor a carrier solution to each region, maximising both the cost savings and operational benefits.
Our previous contract renewal was aided by CMS in a similar way, which gave 6-figure savings, and this project has allowed us to reduce our budgets in CIT and cash processing, by a further 35+% over the next three years.
We are delighted with the latest results and contribution CMS made to the process and would not hesitate to recommend CMS to any business looking for cost reductions and efficiencies across cash management.
Adam Moss
Commercial Finance Manager
Stagecoach Services Ltd.
Stagecoach Rail
Many thanks for CMS’ assistance with our recent cash in transit and processing tender for Stagecoach South Western Trains and East Midlands Trains.
Your in-depth knowledge of the processes and costs involved in both these industries ensured that we were able to fully understand our current costs and the potential savings available, which you then assisted us to achieve through the professionally handled clarification process with potential suppliers. The detailed reports that CMS produced enabled us to understand the implications of each of the supplier bids and areas for clarification and further negotiation.
I would have no hesitation in recommending that similar companies should utilise the expertise of CMS to assist in creating significant savings across their cash in transit and processing budgets.
Jo Shelley
Procurement Manager
Stagecoach Rail
Tesco Plc
I would like to take this opportunity to thank Cash Management Systems for their assistance in our Cash in Transit negotiations. Your services have been invaluable throughout a process that has seen a significant reduction in our CIT costs. I would recommend that other organisations reviewing their Cash in Transit arrangements should also speak to Cash Management Systems.
Nicola Grady-Smith
Corporate Purchasing
Tesco Plc
Travelex UK Limited
By implementing its Cash Ordering System, CMS has enabled Travelex to achieve a significant reduction in our branch cash balances whilst maintaining cash availability. They have also assisted us with streamlining our processes which has seen a further decrease in our costs.
Furthermore, throughout the course of our working relationship, CMS has acted in a proactive manner to maintain our optimum holdings, and has been highly flexible in adjusting to our internal process changes.
I would be pleased to recommend that other businesses reviewing their cash management should speak to CMS
David Wright
Operations Manager UK Retail
Travelex UK Limited
© Cash Management Systems Limited 2008