Points of Optimization
Features & benefits
Real-time cash point monitoring
Our cash management system helps financial institutions to obtain information about cash balance and cash demand in real time by currencies and denominations. Monitoring parameters are fully customizable for all types of cash points.
Cash demand forecasting & planning
Cash demand is calculated based on long term historic data for any cash point or the entire infrastructure. The users can define time periods to ensure cash forecast accuracy.
Replenishment simulation
The specialized CIT simulation tool improves cash order efficiency. Analyze efficiency by comparing forecasted and real data. Improve accuracy of cost calculation for each object from the atm network.
Cash order automation
Initiate, coordinate, and track the process of cash and valuables transportation using a single user interface for effective cash management. The proactive notification system provides the operator with detailed order execution updates in real time.
CIT management
Build CIT teams with available personnel, assign tasks, and generate routes. Other functions include security seals management, generating reports and other documentation, checking workflow status via notifications.
Automated cash reconciliation
Form electronic journals and compare cash flow statistics of different cash points. Accounting of night depository, overages and shortages when receiving cash at the cash center. Special accounting of worn-out, fake and out-of-cassette notes is also available.
Transparency of cash distribution
Report generation from ATM Monitoring. Information about cash replenishment, withdrawal, deposit, current and left cash in every aspect for each cash point, and entire networks. Analyze overall cash management, and cash processing effectiveness using precise data.
Broad integration capabilities
The system supports the integration of banknote processing systems and barcode scanners. Cash Management.iQ may be integrated with core banking and other IT systems to get actual and most precise data. It can also work with other .iQ solutions to ensure remote cash capture, automated currency exchange and payments transactions.
8000+
cash points under service
2500+
cash logistics orders per month
35%
average cost-saving effect for cash distribution network
FAQ
Does your company offer consultation on cash management processes?
Yes, BS/2 provides not only training services for operating the Cash Management.iQ platform but also provides consulting services to optimize cash supply processes for financial institutions, CIT, and other companies. Our specialists have vast experience as software developers, integrators, and end-users of the system.
Do you provide the solution in a Software-as-a-Service (SaaS) model?
The SaaS model is available to all of our customers looking to minimize the initial investments to drive the Cash Management.iQ implementation. At the same time, data can be processed both in the BS/2 private cloud or on the customer's side.
Is it possible to connect the serviced merchants to the system?
At the moment, this feature is being actively developed by BS/2. Soon, the first versions of the personal web account for merchants will be presented. This helps responsible employees on the customer’s side to place orders for the cash and values transfer.
What tools does Cash Management.iQ use to protect sensitive data?
In order to maintain data security, the system provides additional role-based access management with the capability to restrict use or view for almost every element of the system. Changes to access rights are sent to the main system administrator for confirmation. In this case, all user actions in the system are logged. Also, customers can use the access control system of the corporate infrastructure based on Active Directory LDAP.
Is integration with the core banking system or a processing center required to work with Cash Management.iQ?
Not always. In some cases, we manage to solve the main part of the project goals without performing any integration with external systems. It significantly speeds up the implementation process and improves time-to-market. Still, Cash Management.iQ can be integrated with the external systems: core banking, processing, billing, and other to automate data processing.
What modules do system implementation usually start with?
Depending on the specifics of the customer's business processes, the set of Cash Management.iQ modules can be deeply customized. According to BS/2's experience, most banks and ATM operators pay attention to the CashPoint Monitoring.iQ module first. However, for the implementation of end-to-end cash supply chain management, all 5 modules are required as they enrich the system with special features.
What is the approximate accuracy of the Cash Management.iQ forecast in comparison with the real data?
As a rule, the average difference between the forecast and the actual data is no more than 5%. Thus, the cash manager can trust the data provided by the system. In addition, with a sufficient amount of historical data, the forecasting algorithm can be further improved.
Does Cash Management.iQ work with cash recycling systems?
The solution allows forecasting the demand for cash and planning cash replenishment of recycling ATMs, thanks to a special algorithm used for this type of device.
What self-service devices are supported by the system?
Cash Management.iQ is a multi-vendor platform and works with any type of ATM by Diebold Nixdorf, NCR, Hyosung, GRG and other vendors. Also, other self-service devices can be connected to the system, for example, payment kiosks, automated deposit machines, teller assisted units, etc.
Solution delivery
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Levan Bukhaidze
Head of Quality Control, Administration and Monitoring Department at VTB Bank (Georgia)
Irakli Lomidze
Head of Operational Support Department at TBC Bank (Georgia)
George Makatsaria
Head of Treasury Department at BasisBank (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.
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.
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.
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