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AGS showcases Intelligent Cash Deposit machine to Oil industry

02-27-2012 04:47 AM CET | IT, New Media & Software

Press release from: AGS Transact Technologies

/ PR Agency: Concept PR
MUMBAI, 22nd February, 2012: Addressing the tricky issue of cash management of busy petrol pumps that are vulnerable to thefts diverse technology solutions provider AGS Transact Technologies has showcased its unique product Intelligent Cash Deposit’ (iCD) at PETROLWORLD APAC Business Forum 2012 at The Lalit, Canacona Goa.
AGS demonstrated how the product facilitates deposit large amounts of cash at petrol pumps and other retail locations, without any hassle. The demonstration, at the three-day PETROLWORLD APAC Business Forum 2012 started today, was followed by a seminar on ‘Cash management at petrol stations’
AGS is also supporting the PETROLWORLD Business Forum which brings together industry participants under one roof to be a part of a unique format. The forum propagates informal networking activities through one-on-one business interactions also followed by keynote speeches as well as a seminar by leading petroleum companies and industry leaders.

The event also brought together leading retail brands and oil company downstream managers, CEOs, COOs, MDs, executives, engineers, procurement managers, IT and technology firms, designers, construction managers and retail managers, apart from suppliers of petroleum equipment and services from around the world.

Mr. Ravi B. Goyal, Chairman and& Managing Director of AGS Transact Technologies, said: said,”We are happy to be associated with PETROLWORLD Business Forum and present our recently launched product, the iCD. This, we feel, will revolutionise the way cash is handled at busy retail locations. This is a unique solution which is completely safe and reliable for managing cash. In the current retail environment this solution will also provide retailers and bankers a monitoring system to track their deposits. Besides, through this solution the deposits are instantly credited”

The iCD system automates cash deposit transaction by counting, identifying, sorting and saving – all without any human interference. It streamlines the procedure of cash depositing, improves service efficiency, contributes to customer delight, and increases the productivity of the retail location staff.

Some other key features of ICD include: Total safety, automated cash reconciliation, instant access to all deposited information and management reporting, reduction in cash-in-transit related cost, apart from saving of time spent on counting.
About AGS Transact Technologies Ltd.:
AGS Transact Technologies Ltd. (formerly known as AGS Infotech Pvt. Ltd.) offers technology-based solutions for banking, retail, paint and petroleum sectors. Equipped with extensive experience in banking technology, AGS provides a complete suite of self-service banking products. The company is the dominant provider of ATM outsourcing services to the Indian banking industry. AGS is in the forefront of petroleum automation with successful roll-outs at petrol pumps in the western and southern part of the country. Some key clients in this segment are HPCL, BPCL, Indian Oil, Reliance Petroleum and Atos Origin.

For Further Information please call Concept PR on:
Sangita- 9619234790

AGS Transact Technologies (AGS) is one of the leading system integrators in the business of touch point transformation; a business that transforms the way a customer interacts with the service provider enabling efficient delivery of their products and services. The business entails sourcing high-end technology products-both hardware and software, and customizing, integrating, installing and maintaining them.

Concept Public Relations India Limited
Queen's Mansion First Floor Prescot Road Next to Cathedral SchoolFort Mumbai 400001
Tel: 022-40558900

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