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

Microsoft revenues hit a record as Xbox sales soar

The US technology giant Microsoft said its annual revenues hit a record of $69.94bn (£43.4bn).Sales of the company's Xbox 360 videogame console and its Office software helped fuel the growth. more »

Fujitsu Next Generation Color e-Paper Module

Fujitsu demonstrated a next generation cholesteric LCD color digital paper module at the International Digital Publishing Expo. more »

Apple to Start Producing iPhone 5 in August – Morgan Stanley’s Report

Apple’s next iPhone will begin production in mid to late August and ramp aggressively. more »

Is the Rimino concept phone the future of mobile technology?

People who create concept designs for future technology always have the luxury that their ideas don’t have to be practical or possible now, just cool enough to get people excited about what might be created one day. more »

Investment Values Twitter at $8 Billion

While Twitter isn’t rushing to go public like some of its larger peers, the microblogging service has no problem luring deep-pocketed investors. more »

Skyping on Facebook

Free video chat is coming to Facebook. more »

Nokia‘s Windows of opportunity?

Nokia is still one of the biggest names in mobile phones but the company is in rapid decline and profits are sharply down. more »

GSM is 20 years old

Wireless connection standard "Global System for Mobile Communications“ (GSM) this year on July 1st has reached 20 years of age. more »

HTC Eternity and HTC Omega Coming Soon?

Not long ago we heard a rumor about HTC’s upcoming device supporting a 12 megapixel camera; now we have some info about two more novelties. more »

Amosu Couture Gold iPad – More Glamorous Version

While the Stuart Hughes iPad Supreme Editions command respect and an astronomical price, there are other ways to glamorize your brand-new tech toy. more »