Cash Forecasting (FORECASH)

Cash Forecasting

MAXIMUS FORECASH provides banks and ATM owners with an insight into the future. Being scientific in approach, no more intuition-based cash replenishment is required. This gives them the advantage of optimizing the cash levels maintained in the ATMs. Banks do not need to incur the costs of loss of opportunity or customer dissatisfaction due to cash outages.

Multiple replenishment trips are normalized and emergency trips are minimized. This leads to minimization of cash handling costs. Being a powerful tool, FORECASH can process large number of records and give freedom to the user to concentrate on other strategic aspects.

Cash Forecasting Process

ATMs, locations and routes are created
ATMs are assigned to locations and locations are assigned to routes
Past period and future periods are created
Raw data in CSV format is imported
This raw data is consolidated per ATM ID and past period ID
Consolidation generates required data cubes as well
Future values are generated with a combination of ATM ID, past period ID and future period ID
Replenishment can be generated for every “n” days depending on the replenishment cycle
User can however omit ATMs which are faulty or down

Benefits

Reduced Downtime
Optimized Replenishment Trips
ATM Network Operational Efficiency
Increased Customer Satisfaction
Optimized Replenishment Schedule
Denomination Level Forecasting