Solutions

In today’s competitive financial market optimizing cash resources is more than just a luxury—it’s a necessity.  Banks need their money to work for them.  This means maximizing their invested assets while ensuring they have an adequate supply of cash on hand to meet customer needs.  Adding to the mix is the requirement that the cash must be available in the demoniations requested by customers.  Any surplus cash means lost investment potential, but running out of cash can be detrimental to a bank’s health in other ways, including loss of revenue in ATM fees and, more importantly, it can severely affect customer loyalty.  Implementing a Currency Supply Chain Management (CSCM) solution allows bank managers to balance these competing factors and optimize resources on both sides of the equation.

Transoft International Solution to Cash Management

Transoft International is the leading provider of currency supply chain management software solutions for the banking industry.  The Transoft suite of cash management software enables banks to achieve the right balance of cash in branches and throughout a bank’s ATM network to meet customer demand while avoiding an excess of cash that could be invested elsewhere.  Through a sophisticated, three-tiered approach involving forecasting, optimization, and automation, Transoft considers all of the factors related to cash management, including cash forecasting, cost balancing, ordering, monitoring, expense tracking and more.

The Transoft software suite is composed of the following products:

OptiCash – OptiCash is the core component of the Transoft cash management solution.  OptiCash applies sophisticated mathematical algorithms to historical demand, event, and cost information to optimize currency and cost levels throughout the enterprise.

OptiNet – OptiNet is a Web-enabled branch and ATM cash ordering and clearing application that provides remote users with access to the OptiCash database, delivering cash projections and recommendations for review and approval over the Internet.

OptiVault – OptiVault is a comprehensive vault cash management solution, accurately forecasting total branch, ATM, and commercial demand for a bank-wide view of overall currency requirements.  OptiVault combines best-of-breed vault consolidation functionality with advanced analytical processing to optimize currency and coin ordering and clearing for bank and carrier cash vaults.

OptiRecon – OptiRecon provides detailed balancing and reconciliation functionality for all ATM’s, carriers, and vaults in an institution’s network.  Reconciliation is fully automated, allowing for accurate accounting between carriers and transaction systems.

OptimizeCF – OptimizeCF allows financial institutions of any size to benefit from Transoft’s leading cash management solution.  OptimizeCF provides all of the cash management benefits and cost savings measures of OptiCash, delivered as a monthly service.  This enables even small financial organizations to take advantage of the best cash management solution available today without needing to maintain an extensive IT footprint in-house.