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With a significant increase in ATM usage in recent years, financial institutions must address management of cash funds in their ATM networks in order to capture greater efficiencies in revenue and stay ahead of an increasingly competitive market. In order to stay at the forefront, sourcing an optimal cash management solution that can predict, plan and forecast usage to facilitate efficient cash consumption and replenishment is essential. Through cash management optimisation, ATM network operators can effectively balance between the amount of idle cash in ATMs and number of cash replenishments.

TranzWare Cash Planning is an innovative product encompassing robust analytical tools that enables ATM network operators to significantly cut cash-related ATM costs through effective ATM cash management.

TranzWare Cash Planning supplies ATM network operator personnel with complete up-to-date analytical information about the cash status in all of the ATMs in a network and based on this information advises on the optimal cash replenishment time and amount of cash to be loaded. In order to make such forecasts, TranzWare Cash Planning gathers and analyzes statistical information on cash consumption in all the ATMs within a network so as to identify cash consumption patterns which are then used to extrapolate how cash will be consumed in the future. Such extrapolations are made while taking into account a multitude of variables: cash consumption speed and patterns of a particular ATM, its availability, the schedule of the cash carrier and of the vault from which cash is taken, whether the ATM is part of a cluster, etc. Even though the most sophisticated modern mathematical methods are used for such analysis and extrapolation they can not replace human analysts. Therefore, TranzWare Cash Planning provides specialist tools for cash management analysts to introduce corrections into the cash consumption patterns, identifying expected variations that the system can not reliably predict (such as the ones connected with festivities, holidays, etc).

Forecasts provided by the system include the date and time when the first and last denomination and currency will be depleted and what those denominations and currencies would be. Such forecasts are constantly recalculated as more data becomes available and therefore they become more and more precise at the approach of the day of cash replenishment. The system will inform the operator of the need to replenish cash (along with how many notes of each denomination are to be loaded) based on configurable options so that there is enough time to order cash from the vault and for the cash carrier to get it to the ATM. As a result, forecasts provided by the system can be used to make well informed and timely decisions on amounts of cash loaded into ATMs and to find the right balance between the cash loading costs and expenses associated with idle cash in ATMs.

TranzWare Cash Planning goes beyond cash management of individual ATMs. It can also forecast how much cash should be in the vaults well in advance so that it is available for timely replenishment of ATMs served by those vaults, therefore providing an end-to-end cash management solution for ATM network operators.

One of the many beneficial features of TranzWare Cash Planning is its built-in subsystem that generates reports and plans tasks. This subsystem has adaptable parameters which can be configured according to the specific requirements of a bank, which are then considered during the recommendation process.

Research performed on production data sourced from several ATM networks shows that the cash-related cost savings, resulting from implementation of TranzWare Cash Planning, could be anything from 30% to 70% depending on how much effort is put into the cash management process. If calculated in dollars, such savings range from 1,000 USD per ATM per year, to 5,000 USD per ATM per year, which easily translates into hundreds of thousands of dollars per year for even a modest ATM network.

Cash Planning is a new module in Compass Plus’ TranzWare family of analytical products and is built on the TranzWare Data Warehouse platform. Cash Planning can be easily integrated with any ATM management system that can ensure the delivery of necessary information.

TranzWare Cash Planning Advantages

Key Features and Functionalities

For a detailed list of features and further information please contact us.