ATM Cash Availability with Cash Monitoring System
One of the main goals of the banks is to provide their ATM fleet with the necessary cash to maintain undisturbed customer service. In order to maintain the service available, banks and cash service providers should minimize cash shortage at self-service devices and reduce the response time to such incidents. Our ATM cash flow management solution helps to optimize cash supply chain, provides cash forecasting tools, and helps to solve cash flow problems.
Cash flow optimization can be solved thanks to special monitoring and forecasting tools implemented in the Cash Management.iQ system. Besides being ATM Cash Management software, this software also helps to monitor the cash status and to predict a shortage of banknotes in the cassettes.
Points of Optimization
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.
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