New Cash Management.iQ Simulation Tool

Published: 18 December 2018 y., Tuesday

One of the most demandable requirements for intelligent cash management is flexible system setup. The desired outcome being optimal cashpoint replenishment during CIT operations.

To enhance the user experience of bank employees operating the Cash Management.iQ, BS/2 has developed a specific simulation tool – CIT Simulator.

The simulation environment allows:

  • Making cash flow forecast for a set timeframe of each cashpoint with currency and denomination precision;
  • Evaluating cash management efficiency. The comparison is visualized with graphs or exact statistics;
  • Predicting dates when replenishment might be needed with cashpoint precision;
  • Determining the necessary replenishment amount based on CIT operational costs;
  • Calculating CIT operation and fund supervision expenses for each individual case.

To predict cash flow specifics, CIT Simulator uses historical data that is collected for ATMs, payment kiosks and bank branches over a set period of time.

Simulation variables:

  • Simulation start date;
  • Accountable history period;
  • Forecast period;
  • Money expenses;
  • CIT expenses
  • CIT visits regularity;
  • Possible number of CIT operations per day;
  • Lower cash limit;
  • Average amount of cash returns.

Thus, bank officers responsible for replenishment planning are provided with an efficient tool to evaluate and improve their work. It saves hundreds of thousands of dollars a year for financial institutions or CIT companies.

Learn more about the top-notch features of modern cash management tools by contacting BS/2 company representatives today.

Did you like our material? Subscribe to our regular newsletter to receive the most interesting topics and exclusive offers from BS/2.

Šaltinis: Penki kontinentai
Copying, publishing, announcing any information from the portal without written permission of editorial office is prohibited.

Facebook Comments

New comment




Nokia offers augmented reality job search

Mobile phone giant Nokia is enlisting Britain’s young entrepreneurs to build new businesses using its career services app, JobLens. Launched in June, JobLens is a Windows Phone 8 app that helps users search for jobs in their local area. more »