Our 6-point matching system means that 100% of compliant loads are system matched and never need human intervention. Perativ’s cash management software for banks supports your team by automating load compliance. Your treasury reconciliation cannot be done until load compliance is complete creating additional data lags that are not informing your forecast or cash orders. Your cash forecast and bulk cash order are not informed daily about compliance. However, those days to complete, which have always been fine, are fine no longer. Typically, an accounting/operations functions, this is usually well done within banks and is completed within days of the scheduled CIT visit. OBJECTIVE: Track CIT load compliance to ensure right amount of cash delivered on right day.Īchieving breakthrough cost reductions in cash distribution starts with automating load compliance. The Four Core Functions at the Heart of Cash Distribution Networks Load Compliance The Perativ cash optimization solution automates and integrates these functions, supporting your teams and creating a synergistic system. To achieve breakthrough results and achieve these objectives, banks’ cash management software should address the entire cash cycle, automating and integrating the four core functions: load compliance, treasury reconciliation, cash forecasting, and bulk cash ordering. Optimizing cash forecasting alone will help but it cannot bring cash supply chain network costs down substantially. However, these cash forecasting objectives CANNOT BE ACHIEVED BY CASH FORECASTING.Ĭash forecasting is just one of the four core operating areas within the bank that are necessary to achieve these objectives. Minimize idle cash required to deliver forecasted cash.Minimize CIT costs for loads and returns.Avoid cash out situations - Ensure enough cash at each distribution point.Most banks use cash forecasting software and set at least 3 key cash forecasting objectives: The data lags that exist across these interrelated, yet unintegrated functions help to drive cash processing and distribution costs up. The second necessity for cash optimization is automation and integration of the four core functions at the heart of cash distribution that exist within the bank. The cash buffers throughout a bank’s cash supply chain are one of the main reasons costs of handling cash remain so high. First, float must be minimized by eliminating idle cash. In order to optimize cash in a bank’s distribution network, two things must happen. However, to achieve this cost effectively is very difficult. This dynamic, automated SaaS platform will eliminate data lags, provide you with enhanced cash data, dramatically reduce your idle cash and give you visibility into all the components of your cash ecosystem and positioning you for further cash transformation thereafter.Įnsuring adequate cash in ATMs and Branches to meet customer demand cannot be compromised. Before you embark on an expensive and time consuming “cash transformation” project, consider Perativ. Correctly managing the cash supply chain in your ATM and Branch network, and accurately forecasting cash requirements can be difficult, time consuming, error prone and expensive.
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