April 22, 2013, Mt. Prospect, IL—More than ever, companies across all industries – including gaming, financial and retail – are focusing on sustainable business practices that reduce their environmental footprint and provide significant business benefits. In fact, a recent survey revealed that 37 percent of companies reported a profit from their sustainability efforts last year(1).
This commitment to environmental responsibility can greatly impact which partners a company chooses to work with and the equipment they select. Cummins Allison, the leading innovator and provider of currency, coin and check handling solutions, recommends the following considerations companies should look for when selecting partners and hardware that aligns with their sustainability goals.
1.)“Green Minded” Partners: Companies striving to embed sustainability into their daily operations must be more selective about the partners they choose to work with. Companies should look for technology vendors that offer ENERGY STAR®-rated equipment, which is certified to help reduce both operating costs and related forms of pollution.
Furthermore, look for partners that have a strong commitment to complying with environmental regulations and implementing company-wide environmental standards. This includes efficient use of resources, recycling of waste materials and even the use of recycled products in the manufacture of new products.
2.) Solutions to Lower Carbon Footprint: Companies should seek out vendors who offer alternatives to paper-intensive operations. Ticket processing equipment at casinos is one example. This type of solution can eliminate the need to physically store, purge and sort through issued and redeemed paper tickets – simplifying research and minimizing storage fees. In addition, check scanning equipment eliminates the need to create paper copies of every check – which must also be physically stored – in favor of digital archives. This could also include electronic deposit solutions that reduce physical transportation of deposits to a customer’s financial institution.
Technology vendors should also offer equipment that helps their customers meet their own sustainability goals – such as reducing carbon emissions. For example, Cummins Allison’s self-service coin counting machines make it possible for customers that process large volumes of coin store it in a single bin, rather than several bags. This greatly reduces the need to prepare and ship multiple bags of coin to the Federal Reserve each week; cutting costs and emissions associated with transportation.
3.) High Quality, Upgradeable Equipment: Products should be manufactured with consideration for waste prevention and designed for re-use and recyclability to minimize landfill impact. Selecting equipment with an upgradeable design makes it easier to add new functionalities to existing equipment as needed, thus preventing equipment from prematurely entering the waste stream.
Choosing high quality equipment is a sound business practice because it not only improves return on investment, but also enhances customer satisfaction and the value of the service. Reliable equipment can help ensure less maintenance, fewer repairs and lower repair costs. Durable equipment can also stand the test of time, leading to much longer periods of use. Fifteen percent of Cummins Allison coin and currency processing equipment has been in use for over 10 years.
4.) Support for Community Sustainability Programs: Finally, companies should look for equipment that helps promote sustainability within the community it serves. Coin counting equipment, for example, can be used to recycle coin inside an organization to reduce expenses. But, it can also be positioned to community members as an efficient, cost-effective and environmentally friendly way to protect the environment. Coins that are deposited are immediately put back into circulation, which can directly impact the production of new coin; helping to reduce the use of raw materials and emissions associated with manufacturing coin.
For more information on Cummins Allison’s ENERGY STAR®-rated, durable coin and currency processing equipment, please visit cumminsallison.com.
(1) Companies profit from embracing sustainability, Global study by the MIT Sloan Management Review (MIT SMR) and the Boston Consulting Group (BCG), February 5, 2013.
About Cummins Allison
Cummins Allison is a global leader in developing technologies which count, sort and authenticate currency. The U.S.-based company has a 125 year heritage of leadership in technology and product innovation and currently serves the majority of financial institutions worldwide, as well as leading organizations in retail, casinos, law enforcement and government. Cummins Allison is headquartered near Chicago, IL and operates wholly owned subsidiaries in Canada, the United Kingdom, Ireland, Germany and France. For more information, visit cumminsallison.com.
Carol Moore – Vice President Marketing
Cummins Allison Corp.
Outlook Marketing Services, Inc.