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Woodforest Financial Group signs with Transoft for SaaS cash management solution
July 1, 2009
CARY, N.C. — Transoft International, provider of currency supply chain management solutions, has signed Woodforest Financial Group on for its OptimizeCF currency management software for ATM and branch cash management.
OptimizeCF, a currency supply chain solution built from the ground up as a true Software as a Service (SaaS) application, will be used to automate cash forecasting, cost balancing, ordering, monitoring and expense tracking for Woodforest Financial Group. Using historical demand data and statistical algorithms, ATM and branch cash orders and returns are cost optimized to effectively meet demand and minimize holdings.
OptimizeCF also takes into account seasonal fluctuations, events and other trends that influence demand for cash to ensure maximum network availability.
"We have chosen Transoft's OptimizeCF solution based on its proven foundation of cash optimization techniques, wide range of features, and the company's overall concentrated focus on cash management tools. We are aggressively implementing the solution and expect to see immediate and positive results," said James Dreibelbis, Woodforest Bank's chief executive.
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