October 10, 2008
Introduction
When managing cash finding a balance between availability and profitability is difficult but necessary.
Cash is the most expensive, non-productive asset for a financial entity. The financial institutions must ensure availability to cover daily needs, however, there are several risks associated with having excessive amounts of cash at hand and these affect profitability as more branches and ATMs are put in place.
Optimizing amounts of cash is an important challenge in order to achieve financial efficiency. effidetect cash specializes in the demand prediction of cash in ATMs and at banks. It uses mathematical technology known as time series.
effidetect cash benefits
a) Planning cash flow. By anticipating cash needs (30 days for instance) it eliminates uncertainty and makes planning your cash flow much easier and saves time.
b) Optimizing amounts of cash. By knowing ahead of time the amounts of incoming and outgoing cash just the right amount may be dispensed at each service point.
c) Transformation of non-productive cash into earnings. Properly optimizing and planning your balance may put excess cash to use thus generating profits.
d) Time series technology. Monitors and learns the behavior at individual points at which cash is necessary without human intervention. This becomes indispensable when many variables need to be considered.
e) Top of the line technology. The system was developed based on robust and secure technology (C++) which guarantees it is up to date and has the capacity to adapt to new technology.
f) Projections. effidetect cash allows its users to foresee farther into the future
g) Efficient administration. The amount of work necessary is reduced and ATM capacity increases.
f) Reduction in Indices. Our technology may reduce cash discharge by approx. 12%- 18% with respect to simpler technologies.
i) Personalized load programs. Takes into account momentary restrictions, the money’s value at that particular time and transportation costs.
effidetect suite - Module cash
effidetect cash Customization
Predisoft will tend to any special requirements made by our customers in order to meet specific needs identified during the implementation of the standard version of the product.
Contract support for effidetect cash
predisoft will establish an additional percentage to be paid of the based on the licensing fee.
Benefits include the right to new versions of the product, expert technical support and third level preventive and corrective maintenance.
Contact for the solution you need
predisoft International S.A. © 2010. All rights reserved. Tel. +506 2225-0000 info@predisoft.com