PHYSICAL SMART CASH MANAGER your smart solution for atm & branch replenishment

Overview

Banks maintain large and expensive networks of ATMs and Branches across all geographic locations they operate in. Historically, this network has always been seen as a cost center – useful to attract and retain customers, but a large drag on P&L.

In order to maintain adequate cash reserves and avoid a “cash out” in banking parlance, ATM monitoring team and branch managers store excess amounts of cash in each ATM and Branch. While this largely avoid the dreaded cash out scenario, it leads to a new one – “dead cash”. Dead cash is nothing but excess cash lying unused in an ATM or branch vault, sometimes for weeks on an end, depriving bank the opportunity cost of deploying cash which could generate revenue in form of interest.

The Physical Smart Cash Manager (PSCM) solves both issues of dead cash and cash outs with a simple to use interface, backed by a highly accurate machine learning based forecasting engine. It is a fully automated platform to manage cash replenishments and monitoring across the network.

At the heart of the PSCM lies a powerful machine learning algorithm to forecast cash requirements per ATM / Branch for the coming week. By accurately predicting the replenishment amounts, banks can almost totally avoid the dead cash scenario and can divert the extra money towards more productive business lines such as issuing loans or as simple as earning interest on reserves maintained with Central Bank

PSCM comes with an intuitive user-friendly interface, monitoring all aspects of the network in near real time. The monitoring teams know how much to replenish and when, can track near real time cash levels and get real time alerts for the rare anomaly.

Conclusion:

You continue to maintain the same standards of customer service if not better, while simultaneously realize millions of dollars in gross profits from your global ATM and Branch network.

FEATURES

Live balance tracking

See near real time cash level balance of all ATMs and Branches across your network

Zero sudden cash outs

SCMs’ accurate forecasts eliminate 99% of all sudden cash outs

Enormous reduction in dead cash

SCM largely eliminates dead cash completely from the entire network

Accurate daily forecasts

Machine learning models predict cash demand per ATM / Branch for seven days into the future

Cash hub integrations

Cash requests are inbuilt into the application allowing branch managers to send and request money from the centralized cash hub

Multi-currency support

Multi-currency ATMs and Branch networks are fully supported

Global scalable network

SCM solution will automatically work for new ATMs, merged branches etc.

ATM / Branch metadata

Get all summary data regarding the performance of your network to decide where to open new ATMs or which branches to shut

ROI reports

ROI data is available for finance teams to understand the benefits of their investment in buying the SCM

BENEFITS

Fully automated and scalable

Zero human intervention required in replenishing ATMs and Branches

Near real time monitoring

Easily monitor the entire network in near real time when required

Enormous Savings

SCM drastically eliminates dead cash and allows banks to earn interest on this money 

Lesser trips

The number of replenishment trips fall by 20% on average per year

Lower insurance

Banks can expect to save an average of 12-15% on insurance premiums

Rapid ROI

Banks usually recover the cost of the SCM software within 6 months