"Decreasing Costs and Increasing ROI From Your ATM Fleet"
- A Tellerex Deep-Dive -
Many financial institutions currently face the challenge of maintaining or enhancing their existing ATM services while reducing expenses.
While there’s little doubt that maintaining your ATM fleet at this time is critical, spending will inevitably be met with questions: How much does this location justify? Is spending here necessary to increase, or even preserve, our traffic? And likely the most important of all:
What will be the ROI of our investment?
Ways to Lower Costs & Maximize Your ATM Fleet's ROI
Today, the costs of buying an ATM and service fees don’t represent the complete picture of the unit’s ROI. As ATM capabilities evolve, financial institutions are re-evaluating the ‘gains' recognized from their ATM fleet.
Costs associated with logistics and installation, like freight and shipping, rigging, cleaning, site prep, security, and power hook-up, are often overlooked within organizations. Efficiently navigating the concurrent installation of multiple ATM’s can save significant time and money
Reduce unit & install costs
With refurbished ATM units, institutions can realize significant savings on their substantial up-front expenditure.
Manage Upfront Costs
Extend the use of assets
By renovating your units, it may be possible to double, or even triple, the lifespan of your ATM.
Expand service offered
Often, advanced features improve the customer experience and increase their use of ATMs.
‘Forecast’ ATM downtime
Aligning annual preventive maintenance with upgrades or software installations allows for accommodation planning.
Stretch Assets Further
Stretch marketing budgets
ATM transactions represent a unique opportunity for financial institutions to communicate with other banks’ customers – who, on average, conduct one in five ATM transactions.
Take advantage of data
Refine ATM services to highlight your most profitable programs based on user information & responses captured at the ATM .
Optimize Ancillary Departments
Re-market older units
Remarketing ATM's can transform your ATM management process and contribute profits to your department and organization.
Expand availability of parts
Expanded tracking procedures make locating components easier, reducing future ATM units’ downtime, and saving the company money.
Recycle valuable metals
Metals can be sold to third-party businesses to offset the costs of new ATM’s.
Increase Return From Older Units
Most logistics providers perform some form of value-added service. These services can be as simple as product labeling or as complex as full product customization.
Outsourcing specific tasks to these logistics providers are convenient, but you should always evaluate whether the convenience is worth the costs.
Read our seven key take-aways to optimize your company's ATM-related logistics.
See below for related blog posts, news, and insights