Cash Processing Solutions appoints BS/2 as its distribution partner in Uzbekistan, Azerbaijan, and Georgia

Cash Processing Solutions (CPS), the world leader in banknote counting and sorting equipment, has appointed BS/2 as its partner in Uzbekistan, Azerbaijan, and Georgia. CPS is headquartered in the UK, and supplies solutions and services to more than 100 countries around the world.

The partnership agreement will allow BS/2 to supply, install and maintain CPS’s full suite of solutions, including, the 7000i High-Speed Banknote Sorter, V Series Compact High-Speed Banknote Sorter, and the X Range Desktop sorters, to financial institutions and cash handling organizations throughout the region. There is potential to expand the partnership territorially into Eastern Europe and Central Asia.

“Cash processing automation in counting offices is an important task and an obvious optimization point within the bank’s strategy for transforming the cash circulation and cash service system. It is not just a question of being able to process large volumes of cash uninterruptedly, but also of truly reliable sorting of banknotes into various categories of suitability. 7000i, V Series and X-Range sorters fit the BS/2 philosophy of providing our customers and partners with truly high-quality equipment and the appropriate support to maximize their performance.” says Kirill Ovsiannikov, BS/2 Deputy CEO, Strategic Planning Director.

“This new and exciting partnership is a key component of our growth strategy for the CIS region. BS/2’s knowledge and experience in the local cash processing industry are second to none and the combined experience and synergies of the two organizations will undoubtedly deliver a comprehensive range of solutions, both hardware and software, which will optimize operational and cash management activities for banks, retailers and the gaming industry in the region, “ says Shay Ness, Managing Director – Europe and CIS at CPS.

The other area of cooperation between BS/2 and CPS will be projects to develop the cash management system at the cash vaults level. In particular, it is planned to connect CPS equipment to the Cash Management.iQ software platform in order to automate the input of recalculation data directly into the system.

“CPS has more than 60 years of experience in the banknote processing industry. Our company has almost 30 years, 15 of which have been involved in the development of our cash management software product. Undoubtedly, this synergy will provide a comprehensive approach to optimizing operational and cash management activities of our partner banks, as well as cash handling on the side of cash collection services, large retail chains, and companies from the gambling industry,” continues Ovsiannikov.

You can learn more about the possibilities of the CPS counting and sorting equipment by email connect@bs2.lt or by contacting BS/2 subsidiaries in Uzbekistan, Azerbaijan, and Georgia.