IVREA, Italy, May 7, 2015 /PRNewswire/ --
Eataly Open-innovation Strategy Integrates ARCA / CTS Technology Improving Back Office Cash Management
ARCA, a worldwide leader in cash and payment automation, announced today that its Italian subsidiary, CTS Solutions, is collaborating with Eataly, a high-end Italian food market-restaurant chain, in optimizing its back office cash handling operations at the Eataly EXPO area in Milan.
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From May 1 to October 31, Milan will become a global showcase for more than 140 nations participating at this event. Eataly's 172,000-square-feet area provides a gastronomic journey through Italy's highest quality food and wine selection. Over a six-month period, thousands of customers will stop by at the Eataly EXPO area for lunch, dinner or just a snack. By optimizing its back office cash processes, Eataly will be managing incoming cash easily, efficiently and securely thus concentrating on providing better customer service.
"We have been working closely with Eataly to analyse the cashflow process in their Italian restaurants while defining and implementing solutions to improve efficiency and security," said Roberto Berti, Head of Sales at CTS Solutions. "The EXPO has been a great opportunity to enforce the existing relationship with Eataly and we are proud to assist them during this six-month universal exhibition."
The Eataly area is equipped with two retail cash management workstations, each composed of a banknote recycler CM18b, a coin recycler CSD8 and the BOS software application to provide an end-to-end solution for eliminating cash counting labour and reconciliation routines. This configuration ensures full back office cash automation by providing till float preparation (beginning of shift & end of shift), POS balancing to the back room, and deposit preparation.
"This partnership is a perfect fit for Eataly because we believe that technological companies can help our society move into the future," said Francesco Farinetti, CEO of Eataly. "They have assisted us in smoothly and effortlessly creating back office cash automation for our business. ARCA / CTS technology has made it possible to eliminate routine operations, improve efficiency and increase security. This has been successful and now we can concentrate more and more on our core business."
ABOUT ARCA
Since 1998, ARCA has been helping people find better ways to automate financial transactions in bank branches, retail stores and self-service kiosks. In late 2014, ARCA acquired the CTS Group, a global manufacturer of cash, cheque and card automation technologies. The acquisition combines CTS's proven engineering and R&D capabilities with ARCA's strong commitment to the customer. The purchase ensures ARCA will continue to grow worldwide by providing technology and services to make transactions simpler, efficient, and more secure. To learn more about ARCA's innovative culture and commitment to our customers, please visit http://www.arca.com.
ABOUT CTS SOLUTIONS
CTS Solutions, an ARCA company, is a major player on the Italian market for cash-handling solutions. The company is a notable presence in various sectors such as Financial Institutions, Large-scale Retailers, Retail Trade and Transport. In recent years, food and non-food retail markets also became target sectors and CTS Solutions has gained significant experience developing a range of specific applications for cash deposit/recycling and management. For more information, please visit http://www.ctssolutions.it.
ABOUT EATALY
Eataly opened its first store in Italy, Turin, in January 2007, aiming to create a multi-purpose gastronomic centre for the distribution of high quality food products. The mantra of the company is an eco-friendly approach, responsibility and a sharing of knowledge. Our intention is to offer a wide range of quality food at a reasonable price to as many people as possible, whilst conveying production methods and teaching behind the scene stories of the best gastronomic producers in Italy. With several outlets in Italy, USA, Japan, Turkey and UAE, Eataly aims to disprove the commonplace cliché that quality goods are only for the rich, because of price and availability. The original Eataly format includes product distribution, restaurants and teaching composed of cooking courses, tastings and interaction with major chefs, with large wineries and craftsmen, free lessons for children and the elderly. This is the true authenticity of each Eataly store, and is the starting point for creating a good perception of quality while reinforcing the concept that "eating well makes your life better".
Media Contacts
ARCA Europe
Luca Spina
Marketing & Communications Manager
Corso Vercelli 332,
10015 Ivrea (TO), ITALY
Tel. (+39)0125-235611
l.spina@arca.com
ARCA Americas
Matthew Besch
Marketing Manager
1151 Holmes Rd.
Mebane, NC 27302
Tel. +1-(919) 442-5351
m.besch@arca.com
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