Excellence of Cash Supply Chain Management – CashManagement.iQ

Excellence of Cash Supply Chain Management

The routine tasks of providing the banks and other organizations with cash, as a rule, are performed by employees of different departments. Building a unified software environment with end-to-end process management is an extremely important task of cash supply chain management optimization.

The Cash Supply Chain Management platform is a unified environment for execution and control of all processes related to cash orders for bank branches, cash centers, vaults, ATMs, and other service points. ATM cash replenishment optimization reduces operating expenses and provides ATM networks (as well as the entire cash network) with a sufficient amount of cash.

Cash Supply Chain Management milestones:

Tracking each stage of the cash order life cycle
Cash order document management
Automated cash order generation for ATM replenishment
Automated tracking of accepted and transferred cash

Manageability, transparency & secutiy of cash operations

Cash Supply Chain Management software empowers bank and CIT companies with higher operational efficiency and security of day-to-day processes of cash distribution thanks to:

  • Omnipresent real-time process tracking
  • Cash-related data visualization for analytics
  • Delineation of responsibility areas during cash supply process
  • Ultimate access management for each responsible cash professional

 

Fuel your Cash Supply Chain Management

The Cash Management.iQ platform can be used for process optimization, both at the cashpoint level and at the cash centers, including the central bank vaults. Our cash management software solution can be implemented in various points besides Automated Teller Machines (ATMs). Vaults, payment kiosks, and other points can be implemented into the ATM cash optimization software

In addition to process management, the software allows you to manage inventory (CIT transport, equipment) and physical access to self-service terminals and prohibited premises, thanks to integration with electronic locks management software.

Contact us to find point of optimization for your Cash Supply Chain Management!

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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.

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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.

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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.

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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.

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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.

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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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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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