Case Study: EG America streamlines cash management after merger with Loomis SafePoint

EG America consolidates 110 bank accounts with Loomis

EG America faced a significant challenge after a merger left it managing a complex network of 110 different bank accounts, which complicated its cash management processes. To address this, the company partnered with Loomis and implemented its SafePoint service to consolidate and automate its cash handling.

Loomis provided a solution using smart safe automation, which replaced the previous system and led to substantial time and cost savings for EG America. The implementation included near-real-time reporting tools that created further efficiencies. An assistant treasurer from EG America highlighted the exemplary customer service provided by Loomis, noting the team's responsiveness and professionalism made for a smooth transition.

EG America