Case Study
Case Study: Freestate Petroleum
Freestate Petroleum operates eight gasoline stations across the state of Maryland. All of them are high volume locations that operate on a cash-only basis. This means handling the flow of currency is a major concern. If the flow is not managed well then a large amount of currency can accumulate which can raise concerns about shrinkage and theft. Also, with the high volume of cash the stores deal with, receiving counterfeit bills is a reality.
In 2003 Freestate began looking at their cash control process and a way to improve the flow of currency through their locations.
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