Collects data on cash balances in bank vaults, branches, or ATMs
Forecasts cash demand for multiple currencies and denominations
Optimizes order volumes for each object to minimize waste and maximize cost savings
Monitors the cash collection process to mitigate operational and security risks
Analyzes cash management processes to identify opportunities for improvement
Produce detailed reports on cash circulation performance to drive executive decision-making
Denials of cash withdrawals drop by three times
The number of cash settlement centers can be increased from 1 to 12
The number of ATMs per team that are serviced grows in proportion from 6 to 40 devices
The percentage of unscheduled cash collections decreases by 30%
The bank receives information about cash balances at ATMs from the processing center. The frequency of data transmission can vary, but this information is not enough for the optimal cash distribution to ATMs and CIT planning. For these purposes, TBC Bank uses Cash Management.iQ solution.
Head of Operational Support Department at TBC Bank (Georgia)
During the first two months of using CashPoint Monitoring.iQ, we were able to reach 25% of savings on rent of the cash. Besides, the solution allowed us to save internal resources (first of all, staff). In order to monitor and analyze cash supply chain using the Cash Management.iQ solution, one cash professional needs to work only for two hours a day.
Deputy Head of Retail Business Management Department, Basis Bank, Georgia
Cash Management.iQ software solution provides us the information on cash balances in ATM’s in real time, which allows us to more accurately plan the time of cash collection and cash optimal amount by ATM’s, as well as to reduce logistics costs.
Head of Treasury Department at BasisBank (Georgia)
Case study of Cash Management.iQ implementation at the largest financial institution of Azerbaijan driven by extremely high cost of cash.
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