One of the main purposes of cash сycle optimization for banks and other organizations is a general decrease in the cash supply volume without compromising the availability of service. A financial institution needs to provide cash points (branches, ATMs, and merchants) with the required number of denominations, while minimizing cash leftover. In order to provide possibilities for cash optimization and other cash management solutions, we offer you Cash Management.iQ software platform.
Reducing the amount of cash interest fees
Optimization of cash insurance fees
Reducing the labor costs for banknotes and coins processing
Reducing the cost of cash transporting and storingHaving correct data on cash inflows and cash outflows of devices helps banks to optimize costs while offering better financial services. The cost-saving effect on cash-in-use volume is enabled thanks to cash demand forecasting tools based on Machine Learning and real-time cash monitoring tools.
An important distinctive feature of the Cash Management.iQ software platform is the cash flow forecasting model and keeping the bottom line of cash availability for all required currencies and denominations. Another feature of the solution is a special algorithm for scheduling replenishment of cash recycling ATMs (Cash Recycling Systems).
Learn how to improve cash allocation in the network!
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Deputy Head of Retail Business Management Department, Basis Bank, Georgia
Head of Operational Support Department at TBC Bank (Georgia)
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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