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 miCashOptimizer enables Financial Service Providers to implement an effective, systematic and automated cash management process. It utilizes statistical models to accurately predict cash levels for each cash point (ATM, Branches etc.) based on historical data, cost attributes (interest, operating costs etc.) and dynamic attributes required by the Financial Service Provider such as cash point location, special events etc. Dynamic attributes can be defined at the cash point level, regional level and network level.
Cash requirement forecasts provided by miCashOptimizer, help the Financial Service Provider have tighter control on cash replenishment and provide a robust operations support platform for physical cash management. The system workflow provides the ability to track as well as audit physical cash movement and provides a real time view of the total physical cash in the
organization at all times. Thresholds can be defined for various cash points and alerts can be provided to operating staff for proactive handling of potential cash-out situations.
Furthermore, different "what-if" scenarios can be simulated for effective contingency planning and management. Financial Service Providers benefit through significant reduction in levels of excess cash inventory at the cash points, reduction in cash distribution costs and reduction of annoying cash outages. |
