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Casey’s awarded for revamped financial system reducing labor, bank fees

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Casey’s General Stores Inc. received the Association for Financial Professionals 2023 Pinnacle Awards Grand Prize for excellence in treasury and finance for the implementation of a new banking system. The system has helped reduce labor by six hours per store per week, leading to annual labor savings of about $10.4 million, and saved the company $2 million in annual bank fees. Casey’s implemented a smart safe program in all of its 2,550 stores across 16 states, according to a press release. The fully scalable, bank-agnostic solution uses just one platform partner and enables a standard, consistent process. “Their forward-looking solution demonstrates how a treasury transformation can deliver significant time, labor and cost savings,” Jim Kaitz, president and CEO of the Association for Financial Professionals, said in a prepared statement. The Pinnacle Awards Grand Prize, sponsored by U.S. Bank, was presented during AFP 2023 in San Diego, Calif. Treasury and finance professionals voted on the winner of the prize.

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