Russia's Largest Cash-In-Transit Logistics Provider Optimises its Operations with Magenta Technology's Scheduling and Track & Trace Solution
Magenta Technology's Lynx, an innovative solution for cash-in-transit routes optimization, scheduling and monitoring, is now live with Rosinkass (http://www.rosinkas.ru), Russia's oldest and largest cash and valuables in transit company. Rosinkass is a part of the Central Bank of Russia and operates a fleet of 5,800 vehicles across the country.
- (1888PressRelease) December 21, 2012 - Magenta's Lynx solution optimizes and manages the master network of collection routes and customer locations, creates day-to-day plans of vehicle to collection route allocations and deals with unexpected events - providing considerable savings in mileage, improving specialist vehicle utilization and integrating work of front and back office operations. The solution also continuously monitors movements, activities and statuses of vehicles and crews, enabling Rosinkass to be in full control of their fleet, ensuring safer operations and better customer service.
The Lynx solution is based on Magenta's MaxOptra scheduling and track&trace platform used in a variety of industry specific implementations including distribution scheduling, own and 3rd party haulier management for 3PL and 4PL providers, real-time scheduling of courier and taxi services and some other areas of logistics.
Highly customised for cash-in-transit industry, Lynx provides functional modules for collection routes master plan optimisation, dynamic real-time scheduling and GPS Tracking. The system automatically builds an optimised master plan of routes based on collection locations, aiming to minimise the mileage and with regard to the traffic rules and parking requirements, and ensuring higher security of operations. The network of routes, depots and collection points are clearly visualized for the operator on a map with related KPIs (like driving and idle times, CSLs, costs and risks) and indication of free capacity - allowing manually rework or add new routes. The dynamic scheduling module then uses the master plan to automatically create daily plans of vehicle to route allocations, in real time adjusting it to unexpected events like new or cancelled collections, changes in collection times etc.
The Track&Trace module of Lynx allows Rosinkass to effectively monitor their fleet of vehicles on routes in real time, collecting details like driver location, mileage, speed, heading, ignition status, and automatically compare planned versus actuals. Any violations of the security rules or unexpected behaviour of the vehicle - like unlocked door, turned off engine or unexpected positioning of the vehicle - are immediately registered and flagged to the operator, resulting in safer operations and improved customer service levels.
Lynx has been in operational use at 2 regional branches of Rosinkass for a year now, immediately helping increase the quality of day-to-day planning, therefore reducing the number of routes by 12% while cutting the transportation costs by 10%. The automation of daily routine operations allowed Rosinkass to considerably decrease the manual workload and process time. Lynx' GPS tracking enabled the company to take operations security and efficiency to the next level, enabling excellent customer service. The system also features a comprehensive management reports module that provides information on expenses, volume of collection, revenues, customers etc. On top of it, the system delivered by Magenta provides an invaluable input in work of sales and marketing teams of the company by allowing them to add new potential customers' locations, model the new route network and evaluate new opportunities based on the resulting KPIs.
Sergey Mamayev, General Manager of the Samara Regional Branch of Rosinkass Cash-in-Transite company, commented, "Magenta managed to deliver an essential operational tool that this industry was hungry for some time now. Having Lynx up and running, we are only getting more ideas on where to go further. Magenta Technology proved to be a reliable, robust and listening technology partner who supported and boosted innovation in our work and thought process, and we see them as a strategic partner in delivering Rosinkass' business development plan."
About Magenta:
Founded in 1999, Magenta Technology is a leading provider of real-time dynamic software scheduling solutions for flagship players of the transportation industry including Avis UK, Gist, Corporate Solution Logistics and Tankers International. Magenta enables them to do more business with the same resources at a lower operational cost. The company provides its customers with competitive advantage and higher margins while enabling them to manage the complexities of an increasingly unpredictable world.
Magenta delivers a combination of complex highly customized real-time dynamic scheduling solutions built to specific business requirements of our customers, and easily implemented off-the-shelf products for 3PL and 4PL providers offered on the Software as a Service model.
In 2010 Magenta brought to the market the Mobile Workforce Management solution - an essential tool for highly effective workforce and delivery management that provides dynamic job dispatch and GPS-based tracking of business resources on assignment. The solution is using Magenta Technology's proprietary PDA application (Windows Mobile, Android, iPhone) for job dispatch, driver communications and GPS-based tracking of vehicles and mobile staff.
Magenta is a UK-based, privately-held company, which is exclusively focused on the creation of efficient dynamic scheduling solutions. With 100 staff based in the UK and Russia, hundreds of man-years of development have been spent on establishing world leadership in this sector. Magenta forms part of the Eurovestech (EVT) portfolio of companies (www.eurovestech.co.uk).
For more information about Magenta Technology please go to www.magenta-technology.com.
About Rosinkass
Rosinkass, organisationally being a part of the Central Bank of Russia, enables and supports the Central Bank's activities by transferring cash and valuables between bank branches, retailers, cash points and other participants of the cash market in the Russian Federation, while also acting as an independent commercial entity within the Bank structure.
Rosinkass provide solutions for cash logistics, with their crews being highly experienced and trained professionals in cash and valuables collection & delivery escorts, cash handling and processing, change supply in notes and coins, and business bodyguard services.
Russia's largest Cash and Valuables in Transit Company, Rosinkass employs more than 17,900 people and manages the fleet of more than 5200 vehicles across Russia. The Rosinkass' routinely armed crews and security guards wear bulletproof vests and helmets, and use the latest means of communications and armoured cash vehicles.
Rosinkass' client base includes more than 90,000 customer accounts across all regions and territories of the Russian Federation.
For more information about Rosinkass please go to www.rosinkas.ru
Contact Details
Matthew Borland
matthew.borland ( @ ) magenta-technology dot com
Mobile: +44 (0) 7971 905744
Office: +44 (0) 208 3823685
Postal Address: 68 Lombard Street, London EC3V 9LJ
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