Two More New Wins for CPS

Hard on the heels of the announcement of a multi-million pound contract to supply Single Note Inspection Systems to India, Cash Processing Solutions (CPS) has announced two further major new contracts.

First is a framework agreement with the De Nederlandsche Bank (DNB) to supply high speed banknote sorting machines. The contract was won through a competitive tender process, with CPS being selected to design, manufacture, install and commission multiple CPS 7000i™ systems, which can process up to 120,000 notes per hour, during 2022 and 2023 Second, CPS has been selected by Vaultex, the UK’s leading cash management services provider, as the partner to deliver the replacement of its enterprise wide Vault Management Software (VMS).

Following an industry wide selection process, Vaultex chose CPS’s ECM™ (Enterprise Cash Management, CPS’ integrated suite of software solutions to manage the end-to-end cash cycle) as its solution, with the implementation to be completed in the next 12-18 months.

During the contract, CPS will install its full ECM™ platform of products, including ECM™ ISA7, the ISA Cash Services Portal (ICSP) and Common Operating Platform, in Vaultex’s network of 10 cash processing sites in the UK. ECM™ will integrate seamlessly with the CPS 7000™ and V Series™ already installed throughout the UK.