CIT | Cash Management - Device Procurement

From Cash-In-Transit to device hardware systems, we use our industry expertise to help find the solution that’s right to support you.

About the service.

We can support you with the supplier selection and contract negotiations process for your cash related services.

Our Approach

Our CIT/Device Procurement Service is made up of 4 service features.

Renewal re-negotiation

If you already have a CIT or device supplier, we will lead discussions with them directly to explore options for improved contractual terms based on industry benchmarks and your priorities for a new revised CIT schedule.

RFP Document Writing

We produce the necessary documentation needed to issue a Request for Proposal to suppliers. You can then decide whether you would like us to host the RFP on your behalf, or host it yourself – for the latter we will suggest a list of accredited suppliers.

Supplier Evaluation

Using our subject matter expertise, we evaluate the responses you receive and recommend a preferred bidder, including negotiating with suppliers to ascertain their ‘Best And Final Offer’ if required.

Transition Management

We help plan and execute the transition to your new supplier ensuring that contract negotiations, implementation and training (as well as any other commitments made during the bid process) are delivered.

Benefits and Efficiencies

Vaultex delivered over £1 million in (annualised) savings when managing Branch CIT services for a large retail branch network.

We managed the ATM replenishment and maintenance services for a remote ATM estate which included 140,000 services per annum.

Helped a UK Financial Institution with the selection and deployment of over 100 Intelligent Safes.

We will agree a flat service fee based on the scope of services you require and our standard rate card.

Your fees will not change during the duration of the project, unless you request an extension of the project’s scope.