miCashOptimizer

Product Details

Key features:

Balance Management allows an online calculation of balances based on data received from external systems, including balance reconciliation processes, interest calculations and insurance costs.

Optimization Management enables the forecasting of cash usage based on historical trend analysis and associated costs, using an advanced statistical algorithm and historical data. The system can also analyse recurring and non-recurring special events to predict needs at various cash points, and allow for differing risk appetites with respect to potential outages.

Transfer Management includes end-to-end scheduling and filling details, including automated message delivery to filling companies and bank operations department depending on system generated data and alerts. These alerts can be based on schedules or refill notifications based on user defined threshold levels.

Key Benefits
miCashOptimizer generates a tremendous ROI based on the its ability to accurately forecast cash needs based on historical data. Moreover, banks are able to adjust in real-time based on current data as the algorithm continually fine tunes performance and allows user to pinpoint top cost reduction drivers. Last, miCashOptimizer integrates with existing cash point source systems without any customization to those systems, meaning minimal IT disturbances during deployment.