IMPROVEMENT OF THE BUSINESS PROCESSES OF THE CASH MONETARY CIRCULATION IN THE REPUBLIC OF BELARUS’ FINANCIAL SYSTEM

Abstract

The article justifies the existence of the direct link between the level of organizing the logistical service of cash-collection activity outsourcing and the cash monetary circulation’s quality in the Republic of Belarus’ financial system. A new methodology of implementing and usage of QR-coding technology has been developed to improve the business processes of the cash monetary circulation allowing to significantly speed up the cash processing, to reduce the “human factor”, which can be influencing many mistakes, facilitate the search of the items needed when forming cargo units of the kind of valuables on the shelves and in the storage units, and also create a considerable supply of the production capacity for cash operation units of the Republic of Belarus’ financial institutes.