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

Innovative Range of Mobile Services

NOKIA: TheFeature.com launches new, innovative mobile information services at CeBIT 2003 more »

The darkest side of ID theft

When impostors are arrested, victims get criminal records more »

search.lt news

search.lt presents newest links more »

FIX uptake is good news for Swift

Interbank payments network Swift is likely to be the primary beneficiary of FIX uptake by European securities firms, according to a survey conducted by London consultancy City IQ. more »

Visa to hide card numbers in bid to cut identity theft

Visa is to require merchants to display only the last four digits of a credit card number on receipts in a bid to combat a rising tide of financial identity crime more »

Norwegian Court Approves DVD Hack Retrial

A Norwegian court has approved prosecutors' appeal of a teenager's acquittal on charges that he created and circulated online a program that cracks the security codes on DVDs more »

Recruitment website's ID theft warning

Fraudsters pose as employers to steal job-seekers' personal details more »

How Web Services Will Change E-Business

IDC has estimated that just 5 percent of U.S. businesses in 2002 had completed a Web services project. But by 2008, the research firm said, 80 percent of firms will have such a project under way. more »

Credit Card Cos. Watch Own Backs

The credit card industry focuses too much on reducing its own fraud costs and not enough on protecting consumers more »

Chipmakers dip processor prices

PC chipmakers Intel and Advanced Micro Devices this week enacted their first sweeping desktop processor price cuts of the year more »