Flagstar Bank Integrated Currency Manager Case Study
Greater transparency of information across branches, better forecasting and easier reporting help Flagstar Bank optimize its cash balances and orders, resulting in greater efficiency and lower costs.
Client Profile
Headquartered in Troy, MI, Flagstar Bank is a full-service bank with 100 branches across Michigan. Chartered in 1987 as a federal savings bank, today Flagstar has assets of $13.7 billion. Flagstar is the largest banking company headquartered in Michigan and the fifth largest savings bank in the country.
Challenge
A lack of visibility into its cash supply chain and poor forecasting was causing a high number of costly emergency or late orders and too much cash on hand.
Solution
Flagstar selected Integrated Currency Manager's hosted solution for its capabilities, reporting, speed of deployment and flexibility to meet the diverse needs of its branch network.
- Solution
- Insights & Optimization, Cash & Logistics
- Published
- June 2016
