PC/E Cash Management Guarantees Optimal Cash Management

Published: 19 November 2008 y., Wednesday

 

&quote;ProClassic/Enterprise&quote;

Wincor Nixdorf is set to present its ProClassic Enterprise Cash Management software for effective and rational organization of end-to end cash management processes in banks at the Retail Delivery Show.

The use of this software module from the Retail Banking Solution Suite enables financial institutions to reduce their cash inventories, optimize replenishment schedules and thereby cut logistics costs and interest expense. On top of this, Wincor Nixdorf’s solution for cash management optimization also plays a vital role in protecting the environment, since reducing the number of CiT runs results in lower CO2 emissions.

Banks deploy this software to ensure that cash is permanently available and to optimize the costs of cash replenishment at all their cash points. The software solves complex optimization problems, taking a broad array of impact variables into account – optimization of cash inventories in branch safes, for example. Beside this, ProCash Analyzer calculates optimal cash replenishment and pick-up cycles for cash recycling systems.

Wincor Nixdorf has delivered cash process optimization software successfully to financial institutions for a number of years. Just some of the factors included in PC/A calculations are: optimal inventory levels, replenishment volumes based on average transaction size, order proposals for cash replenishment, insurance regulations governing individual inventory levels, cost optimization for cash transport and replenishment processes, and cash levels geared to public holidays and special local events, when banks expect high transaction volumes.

The solution guarantees end-to-end optimization for all cash points in the network: ATMs, conventional teller terminals, recycling systems and branch safes. One of its particular focuses lies on cash logistics. This makes it possible, for instance, to optimally manage various replenishment and pick-up concepts for different cash-in-transit operators. The solution is rounded off with support for order management, which displays current order statuses, with account reconciliation and extensive reports.

Wincor Nixdorf relies on a flexible usage concept, which is geared to the needs of its customers: banks can purchase and use the software itself or, alternatively, procure the entire cash management optimization service. In this case, consultants from Wincor Nixdorf use the program to optimize the bank’s cash cycle.

 

Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

New Release of Unisys Baggage Reconciliation System Helps Enhance Security and Efficiency of Baggage Handling at Airport

Unisys Corporation (NYSE: UIS) announced enhancements to its Baggage Reconciliation System (BRS) featuring more detailed information about baggage handling requirements for incoming flights, real-time monitoring and alerts of service level agreements (SLAs), and a mobile app to provide passengers with live updates on when and where to collect their bags. more »

Samsung gains tablet market share as Apple lead narrows

Samsung doubled its share of the tablet PC market in the last three months of 2012, research firm IDC has said. more »

Facebook boss insists site is not making a phone

Facebook boss Mark Zuckerberg has strongly denied the social network is planning to release its own phone. more »

Google TVs get gaming service via LG deal

The OnLive gaming service is to be made available to Google TV users, following a deal with electronics firm LG. One of a handful of firms making hardware for Google TV. LG's G2 series sets have Google's TV service built in. more »

Blackberry introduces free wi-fi calls on BBM

Blackberry has become the latest smartphone to offer free wi-fi calls to users via its own software. Research In Motion (RIM) has added the facility to its Blackberry Messenger (BBM) app, which already offered an alternative to text messages. more »

2012 SIIA CODiE Awards

We are delighted to announce that on 26th of January SafeNet Sentinel Cloud was awarded the SiiA 2012 Best Digital Rights Management Solution! more »

Anti-internet piracy law adopted by Spanish government

The Spanish government has approved tough new legislation which could see websites deemed to be trading in pirated material blocked within ten days. more »

Los Angeles World Airports Selects Unisys to Upgrade ID Card Reader System and Network

The Los Angeles World Airports (LAWA), which oversees airport operations for the city of Los Angeles, has awarded a contract modification to Unisys (NYSE: UIS) to upgrade its access control and alarm monitoring system, used to identify the 45,000 airport employees, contractors, police and others who work at the organization’s three airports. more »

Unisys Strengthens Enterprise-Class Cloud Offerings with New Version of Secure Private Cloud Solution

Unisys Corporation (NYSE: UIS) today announced Version 2 of its Unisys Secure Private Cloud Solution, the company’s flagship cloud solution for clients’ and cloud service providers’ data centers. more »

Fake Apple stores found in China

An American blogger has discovered three fake Apple stores operating in Kunming city, China. more »