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AGS Showcases Intelligent Cash Deposit Machine To Oil Industry
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Wednesday, February 29, 2012:
Addressing the tricky issue of cash management of busy petrol pumps that are vulnerable to thefts diverse technology solutions provider AGS Transact Technologies has showcased its unique product Intelligent Cash Deposit’ (iCD) in a recently concluded PETROLWORLD APAC Business Forum 2012 at The Lalit, Canacona Goa.
AGS demonstrated how the product facilitates deposit large amounts of cash at petrol pumps and other retail locations, without any hassle. The demonstration, at the three-day PETROLWORLD APAC Business Forum 2012 followed by a seminar on ‘Cash management at petrol stations’
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AGS is also supported the PETROLWORLD Business Forum that brought together industry participants under one roof to be a part of a unique format. The forum propagates informal networking activities through one-on-one business interactions also followed by keynote speeches as well as a seminar by leading petroleum companies and industry leaders.
The event also brought together leading retail brands and oil company downstream managers, CEOs, COOs, MDs, executives, engineers, procurement managers, IT and technology firms, designers, construction managers and retail managers, apart from suppliers of petroleum equipment and services from around the world.
Mr. Ravi B. Goyal, Chairman & Managing Director of AGS Transact Technologies said,”We are happy to be associated with PETROLWORLD Business Forum and present our recently launched product, the iCD. This, we feel, will revolutionise the way cash is handled at busy retail locations. This is a unique solution which is completely safe and reliable for managing cash. In the current retail environment this solution will also provide retailers and bankers a monitoring system to track their deposits. Besides, through this solution the deposits are instantly credited”
The iCD system automates cash deposit transaction by counting, identifying, sorting and saving – all without any human interference. It streamlines the procedure of cash depositing, improves service efficiency, contributes to customer delight, and increases the productivity of the retail location staff.
Some other key features of ICD include: Total safety, automated cash reconciliation, instant access to all deposited information and management reporting, reduction in cash-in-transit related cost, apart from saving of time spent on counting.
For more information on the event click on http://www.petrolworldforums.com
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