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

LINUXWORLD - True believers still see Linux on desktop

Linux evangelists are keeping the faith, even when it comes to the elusive Holy Grail of the open-source operating system: taking a significant chunk of the desktop market. more »

Does Official Taliban Site Exist?

Afghanistan's Taliban government, which declared the Internet unholy and banned its use for millions of Afghan citizens last June, maintained a website until shortly after the Sept. 11 terrorist attacks more »

Web Welcome From Korea

This big Korea tourism site is designed to be the first port of call for providing information to overseas visitors to Korea. more »

FTC opens antifraud Web site

In court and on the Internet, the FTC and several states are cracking down on the practice with a Web site and lawsuits to help consumers "ditch the pitch." more »

Pentagon Denies GPS to Taliban

The Pentagon said on Friday that it won't limit the accuracy of positioning information that's beamed to civilian global positioning system (GPS) receivers. more »

Microsoft Lobbies For Strict New Zealand Copyright Rules

Microsoft has asked the New Zealand government to implement strict regulations to protect online intellectual property more »

Nokia Unveils Roaming Solution Using GSM, WLANs

Nokia Communications and Finnish operator Sonera reported today that they conducted wireless LAN roaming using the GSM core network and roaming infrastructure. more »

Surprise: E-Biz is Doing Fine

On Wednesday morning, the mass media abounded with pseudo-apocalyptic horrors. Dozens are "exposed" to anthrax. more »

Intertainer, Microsoft launch online film, video service

The market for watching movies over the Internet is uncertain, so few people have the necessary high-speed connections. more »

Hacking for the Cause

Group Claims Bank Hack Attacks; Others Not So Sure more »