Financial institutions can enhance profitability by more accurately managing the currency supply chain with cash forecasting methods from Fiserv.
For financial institutions, providing an adequate supply of currency to meet customer needs is a continual challenge. Running out of cash at an ATM or other location means reduced revenue from lost surcharge fees and increased expenses due to emergency currency deliveries. But overstocking currency means banks can't invest this non-earning asset to generate interest income. Fiserv can help your financial institution manage the currency supply chain and accurately forecast requirements for each currency location.
Cash forecasting and optimization solutions from Fiserv enable financial institutions to anticipate the needs of traditional currency points such as ATMs, branches and vaults as well as self-service devices such as in-branch currency dispensing units and remote cash capture machines. In addition, the Fiserv solutions allow you to optimize your entire currency supply chain, which can result in currency inventory reductions of 20 to 40 percent.
The comprehensive suite of cash forecasting and optimization products include:
As the only provider with both consulting expertise and integrated solutions across the entire currency supply chain, Fiserv is uniquely positioned to help your financial institution reduce costs and increase revenues for overall profitability improvement.
In a fiercely competitive market, your financial institution needs to provide an adequate supply of currency to all of the locations that service customers, ensuring their satisfaction and loyalty and maximizing surcharge revenue for your organization. To do that, you need tools that provide accurate forecasting and reporting capabilities to guarantee that your currency points are properly stocked and available for customer use. Features in the cash forecasting and optimization solutions from Fiserv include: