Press Releases
Woodforest Financial Group Chooses OptimizeCF for Branch and ATM Cash Forecasting
MEDIA RELEASE
Woodforest Financial Group chooses Transoft International’s SaaS Cash Management Solution
Industry leading Cash Management Solution chosen by fast growing financial institution
CARY, N.C. -- Transoft International, the leading provider of currency supply chain management solutions, announced today that Woodforest Financial Group has chosen Transoft’s OptimizeCF currency management software for ATM and Branch cash management.
OptimizeCF, the only currency supply chain solution built from the ground up as a true Software as a Service (SaaS) application will be used to automate cash forecasting, cost balancing, ordering, monitoring, expense tracking and more for Woodforest Financial Group. Using historical demand data and statistical algorithms, ATM and branch cash orders and returns are cost optimized to effectively meet demand and minimize holdings – all at the lowest possible cost. In addition, OptimizeCF takes into account seasonal fluctuations, events and other trends that influence demand for cash to ensure maximum network availability.
“We have chosen Transoft's OptimizeCF solution based on its proven foundation of cash optimization techniques, wide range of features, and the company's overall concentrated focus on cash management tools. We are aggressively implementing the solution and expect to see immediate and positive results.” states James Dreibelbis, Chief Executive Officer at Woodforest Bank.
Bo Holmgreen, President of Transoft International Inc. remarked, "We are excited to have Woodforest Financial Group choose the OptimizeCF platform to manage their currency supply chain needs. Being chosen by Woodforest Financial Group is a significant confirmation that our extensive investment into this Software as a Service Web 2.0 application is the groundbreaking cash optimization solution being sought by financial institutions of all sizes.“
About Woodforest Financial Group
Woodforest Financial Group Inc. family of companies includes both Woodforest National Bank and Woodforest Bank. Each bank plays an important role in the continued growth and strength of Woodforest. Woodforest strives to make every customer’s personal banking experience simple and convenient. We’re committed to our motto of Banking your way…EVERY DAY AND NIGHT!® by offering responsive products, quality customer service, and branches open “around the clock” in select markets!
About Transoft International, Inc.
Transoft International, Inc. is a leading provider of currency supply chain management software solutions for the banking industry. Transoft products include OptiCash, OptiNet, OptimizeCF, OptiVLM and OptiVault. These sophisticated applications have been developed by experienced cash management professionals to efficiently and cost-effectively handle all aspects of the complex cash management process. In use worldwide by banks, ATM networks, armored car service providers and retailers, Transoft solutions are generating significant recurring cost savings for all forms of currency supply chain networks. For more information, please visit www.Transoftinc.com.