UHY Clients
Coin Acceptors Inc.
23rd September, 2009
Coin Acceptors Inc.
With a workforce totalling 1,500, privately-owned Coin Acceptors Inc. is a world leader in its market, providing payment solutions for automated point-of-sale industries around the globe.
Responsiveness, technical abilities, value and global capabilities were the main ingredients leading to audit and tax services being assigned to UHY – according to the company, which designs coin mechanisms, bill acceptors and control systems.
Coin Acceptors Inc., with corporate headquarters in St Louis, Missouri, US, has major subsidiaries in Australia, China, France, Germany, and the UK.
Service centres are in Villepinte, France; Willich, Germany; and at East Grinstead
in the UK. Technical support is provided from Ontario, Canada. Production and assembly is at Coin Acceptors Suzhou, China, and Coin Acceptors Pty provides a service centre and assembly plant at Parramatta, Australia.
In addition, the company has design and manufacturing operations for cold-drink machines in Kearneysville, West Virginia, US, under the name Royal Vendors Inc., and beverage vending machine refurbishment facilities at various US locations under the name of Royal Remanufacturing Inc.
Under the Money Controls label, it also has manufacturing operations in the UK – providing automated transaction solutions for coins and notes, including hoppers and validators – and similarly branded service centre operations in Australia, Spain and Germany; plus a Mexican service centre under the name Royal-Coinco de Mexico.
Among its notable achievements, Coin Acceptors Inc. set up 640 vending machines to accept Australian coins at the main Olympic Stadium and other public venues during the Sydney Olympics in 2000. A further 160 machines were set up in the Athletes Village to accept a specially designed Olympic “free vend" token used by athletes and Olympics staff. The company’s engineers developed a changer that would validate a token, free-vend a product, and return the token to the user. This allowed the athletes to carry one, universal token that was reusable in all 160 machines.
“There is no room for error in a situation such as this," says Coin Acceptors Inc. Chief Executive Dan Ring. “The Olympics is an intense short-term opportunity in which you experience high-volume, high traffic sales. Demands on the soft drink vendor and the vending equipment are enormous. The equipment had to work flawlessly."
UHY provides audit and tax services through a 10-member client service team in the US supported by staff in Australia, Canada, Mexico and the UK.
The client previously engaged a Big Four firm but switched to UHY. Dan Ring says: “We changed because UHY could offer us more personal attention – more responsiveness – as well as better technical skills and better value, and of course global coverage.
“We maintain the highest level of quality and service throughout a global environment in which cash is still king. From local distribution on four continents, and through the entire organisation, we are committed to providing smart payment solutions for our customers, enabling maximum performance and profitability in our changing world.
“We maintain our market-leading reputation for superior product quality, and uphold our tradition of providing dependable, accessible product support via our global service network.
“We needed financial consultants to match
that level of service."
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