ATM Cash Solutions

ATM Cash Solutions
http://www.morphisinc.com/
In an attempt to better answer the customers' demand for fast cash, financial institutions have come
up with sprawling Automatic Tel er Machines (ATMs). According to estimates there are
approximately 2.3 mil ion ATMs across the globe. Analysts estimate that this figure is expected to go
up to 3.2 mil ion terminals by the year 2016. Maintaining these outlets supplied costs banks firstly a
lot of time - to supervise the stocks and make decisions about future supplies. Again, it entails
operation costs as wel - financial, transportation, handling, insurances etc. Similarly, it is a critical
task. Untimely supplies could lead to negative customer feedback.
Therefore, banks need to optimize ATM cash management. Here are some of the reasons behind it:
1. Maintain cash - Most of the banks supply 40 % extra cash in their ATM outlets than is
required. Hence, a huge amount of cash remains blocked, which could be put to better use
elsewhere. Therefore, ATM Cash solutions wil help banks accurately forecast their daily
cash requirements through ATMs and at the same time cut down on excess cash levels at
these outlets.
2. Cut down on operations costs - Banks should opt for cash management solutions to check
ever accelerating operations costs before the situation goes out of hand.
3. Lower overall cost - Costs pertaining to cash management etc can go up to as much as 35 to
60 % of the overal cost of running ATMs. Therefore, most of the ATM cash solutions help
analyze the demand patterns to effectively use cash across the network of the financial
institution.
4. Improve Service - It is quite costly as wel as time-consuming for banks to service their
network of ATMs. The ATM solutions come up with automated demand forecasting methods
and tools that aid replenishment planning. This means cut down on personnel time and cost,
and makes sure that the right amount of cash is delivered at the right outlet.
5. Ensures top-level service - With an ever increasing size and complexity of ATM networks,
ATM cash solutions help financial bodies minimize "out of cash" incidents at their outlets. It
is necessary to make it a point that sufficient levels of cash is maintained across al ATM
outlets, which is made possible through the use of these ATM solutions.
Some of the ATM Cash solutions in the market include
* SmartATM from BPC
* iCom by Carreker Corporation
* MorphisCM by Morphis Incorporation
* OptiCa$h from Transoft International

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* Pro Cash Analyser by Wincor Nixdorf

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