How to achieve the best KPIs in ATM Cash Availability

BS/2, a company of The Penki Kontinentai Group, is a well-known developer and provider of banking and retail solutions in more than 80 countries. The company offers system integration and outsourcing services, as well as having an extensive network of service centers in eight countries to service ATMs and other terminal devices and organizes monthly professional training seminars.

The Cash Management.iQ software platform, developed to automate and optimize the cash circulation process in the financial infrastructure, is one of BS/2's products. The total cost of terminal network ownership is greatly decreased among financial institutions throughout the world with the use of sophisticated monitoring and cash flow planning technologies.

"How to Secure the Best KPIs in Terms of ATM Cash Availability" a specialized webinar on cash management challenges, will be held on September 23 at the BS/2 Competence Center in Vilnius.

Kirill Ovsiannikov, BS/2's Deputy CEO for Strategic Directions, will speak about modern tools for monitoring cash in ATMs and planning cash flows in the banking infrastructure, which help to reduce the costs of ensuring the continuous operation of automated customer service points, particularly the costs of raising cash and cash collection of the self-service devices.

In addition, Ketevan Kebuladze, a TBC Bank (Georgia) representative who supervises Cash Management.iQ product development within the bank's infrastructure, will discuss the requirements for deploying this solution, as well as the challenges the bank overcame in terms of maintaining cash availability at customer service points.

One of the most expensive aspects of an ATM's operational effectiveness is raising cash for a fleet of self-service devices. The refinancing rate in the Caucasus region, where we work, is fairly high, at least 3-4 percent, and in certain countries it is considerably higher. As a result, banks' costs for simply raising capital are relatively expensive. When you factor in the price of insuring cash, as well as the costs of handling and delivery, the total is considerably higher. The more cash a bank needs for ATMs, or the more cash in circulation, the higher the costs of operating the terminal network for a financial institution.

Owners of terminal networks can lower the amount of cash required for ATMs by using current tools for monitoring and managing cash flows without compromising the operation of the entire infrastructure. As a result, the cost of raising and processing it can be greatly reduced.

The amount of cash collections is another cost factor that can be lowered by utilizing specialized solutions. Optimal cash budgeting for ATMs can reduce the frequency of required CIT-service trips while also ensuring that automated service points have enough cash to continue operating.

In September 23, at 10 A.M. (GMT +3, Vilnius, Lithuania), the webinar will begin. Participation in the event requires pre-registration. You can do so by clicking on the link.