What is Important in Cash Management?

Auriga has won the ATMIA’s cost of cash contest for the best white paper on how to improve cash management and logistics. The white paper lays out how Auriga’s WWS Cash Management solution can help banks manage their cash inventory and replenishment processes from beginning to end.

The white paper describes Auriga’s solution to managing the complexity of ATM networks and the priorities of those responsible for them. It sees reducing costs being the overall priority. The solution is designed to be used in simple or complex models, ie. with multiple vendors, multiple cash in transit (CIT) companies and pooled arrangements.

The software is based on predictive learning. 12 or more months of cash order data from individual ATMs back through branch cash depots, cash centres, cash management offices, and even stretching back to the central bank, is used. Predictive mathematical logic is used to calculate optimal cash orders. There is self-learning built into the algorithms.