StrongPoint

Breakthrough in Spain: Alimerka selects CashGuard

News   •   Feb 03, 2016 08:45 GMT

StrongPoint and Alimerka S.A. have entered into a "cash management as a service" contract for six years. This comes on the heels of a successful installation of 24 StrongPoint cash management systems in four Alimerka supermarket stores in Spain in January.

"This is definitely a breakthrough in Spain and a breakthrough with a major grocery chain outside Scandinavia. We are proud to be able to supply Alimerka with a solution that has a proven track record in the retail industry, and we're excited about the cash management as a service concept," said Jørgen Waaler, StrongPoint CEO.

For 2016, Alimerka and StrongPoint plan to install more than 500 systems in 130 stores. The remaining stores are scheduled for installations in 2017.

"We selected CashGuard from StrongPoint due to reliability, speed and capacity of the solution," said José Luis Rey, CIO of Alimerka S.A.

The agreement is based on a monthly fee per system for cash management services based on a rental- and service level agreement (SLA) for no less than five years per system.

StrongPoint, the owner of the systems, will balance the investment, and monthly depreciations will follow according to actual rollouts and contract life.