Industry News | May 17, 2017

Boston Market to Transform Cash Management

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Fifth Third Bank announced an expansion of their strategic relationship with Boston Market to roll out Fifth Third Currency Processing Solutions in approximately 450 restaurants across the country by mid-2017.

“In order for us to continue to improve on process efficiency, it was time to upgrade to a more powerful smart safe solution,” says Greg Uhing, chief financial officer at Boston Market. “Fifth Third Currency Processing Solutions provides a managed service platform that centralizes service and support, while continuing to provide traditional smart safe benefits such as daily provision credit and improved reconciliation support.”

A comprehensive managed service solution for managing cash, Fifth Third Currency Processing Solutions allows for fewer touch points, automates manual processes and tracks transactions across multiple locations, providing detailed, real-time insight to a company’s overall cash position. Redundancies that typically exist with managing large amounts of cash have been streamlined or eliminated, making reconciliation easier and more efficient.

“We developed a deep understanding of Boston Market’s business beyond the transactional element and worked to enhance their current cash management solution,” says John Bultema, executive vice president, treasury management and currency processing solutions for Fifth Third Bank. “We’re proud to grow our relationship with Boston Market to bring efficiencies that contribute to their overall bottom line.”

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