CashPoint Monitoring.iQ - cash monitoring software

CashPoint Monitoring.iQ is the main module of the Cash Management.iQ system, which provides the functionality of monitoring the cash status and cash demand forecasting. The estimation of cash need is based on accumulated historical data and CIT simulation tools.

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Key decision-making data for cash planning real-time

  • Cash balance in each cash point by currency types and denominations
  • Total number and sum of  cash transactions 
  • Forecasted and actual cash loads for each cash point by currency and denominations
  • Current service status of objects: “insufficient cash”, “no cash”, “idling”, “on-service” and others
  • Cash point load efficiency report
  • Location of cash points on the map (with quick filters by cashpoint status)

Multiple sources for cash-related data aggregation

Our software allows banks to collect all the information from the self-service devices can be from external systems (usually, core banking system or card processing software) or from the self-service devices. Direct data transfer from devices will help the cash management software to reduce time-to-market and provide the company with basic technical monitoring capabilities (cassettes or cash bag status, etc.)

Not only cash monitoring, but first step to proper cash planning

One of the important features of CashPoint Monitoring.iQ is the ability to enable the software operator for the initial stage of cash planning. The ability to prioritize objects for cash delivery and collection makes this feature really vital and useful even if other Cash Management.iQ modules are absent. In addition, with real-time monitoring, and analyzing cash inflows and outflows, banks can reduce the surplus cash in the ATMs allowing them to reduce the overall costs of ATM replenishment.

Stand-alone and sufficient solution

Our cash flow forecasting software can be quickly implemented as a standalone cash flow monitoring tool. It will help to handle different cash flow problems, increase the overall availability of self-service devices (ATMs, payment kiosks, automated deposit machines, and other equipment), and cut a big part of operational costs.

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Case studies

Optimization of Cash Supply Chain Management at Kapital Bank

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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Points of Optimization

Reducing the number of CIT visits

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Cost of Cash Optimization with Cash Forecasting Software

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ATM Cash Availability with Cash Monitoring System

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Excellence of Cash Supply Chain Management

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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.

Levan Bukhaidze

Deputy Head of Retail Business Management Department, Basis 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.

Solution delivery

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Return on investment

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