Cost of Cash Optimization with Cash Forecasting Software

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.

Comprehensive cash forecasting and planning tools will help to determine projected cash flow. Therefore, it will help banks to fill ATMs with the correct amount of cash to avoid runs out of cash or overfilling. Banking infrastructure can reduce the amount of ‘frozen’ funds by 30-40%. Thus, the bank significantly reduces the costs related to cash interest and the overall burden of providing logistics for banknotes and coins.

Optimization of cash costs

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 storing

Decrease the cash-in-circulation volume

Having 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.

Cash planning & distribution 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!

Contact us

Cash Management.iQ modules

CashPoint Analytics.iQ – cash reporting module

CashPoint Analytics.iQ is a module of the Cash Management.iQ, which is responsible for generating, displaying, and exporting reports from each point of service as well as achieving key performance indicators and other aspects of integrated cash logistics.

Show more

CashPoint Monitoring.iQ – real–time cash monitoring

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.

Show more

CIT.iQ – management of Cash-in-Transit operations

CIT.iQ provides management of the cash collection service for the CIT (cash-in-transit) staff, assignment of tasks, selection of routes, and accounting of all costs associated with operational activities (labor costs of employees, fuels and lubricants, depreciation of transport) for planned and emergency trips.

Show more

Vault.iQ – cash center management

Vault.iQ is a separate module of the Cash Management.iQ platform. It allows financial institutions to monitor all cash inflows and outflows in the connected cash center. In addition, Our vault cash management software (Vault.iQ) ensures a two-way cash flows between central banks and service end-points.

Cash flow management tools also allow organizations to get accurate forecasts, for further cash automation. Our software ensures the effectiveness and transparency of cash center operations.

Show more

Cash Order.iQ – cash service handling tools

CashOrder.iQ planning module helps to determine the optimal number of banknotes (currencies and denominations) for each self-service device. Besides the calculation of the optimal number of banknotes, it helps to calculate the frequency of ATM cash replenishment processes, place orders for the transportation of cash and other valuables (securities, precious metals, etc.) either in manual to automatic mode.

Show more

Points of Optimization

Reducing the number of CIT visits

Read more

Cost of Cash Optimization with Cash Forecasting Software

Read more

ATM Cash Availability with Cash Monitoring System

Read more

Excellence of Cash Supply Chain Management

Read more

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.