Software

Avivatech intros cash analytics solution for banks

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May 31, 2023

Avivatech LLC, a cash and check automation solutions provider, has launched its CashWare Advisor dashboard, a reporting and analytics solution for cash management, according to a press release.

The platform aggregates data from teller systems, cash handling devices and other systems. It also provides Key Activity Charts which show cash statistics on a daily basis. Banks can also create role-based views for employees based on their responsibilities, according to the release.

"During the pandemic, opportunities to use alternatives to cash as a payment method increased dramatically, but the consistent number of cash payments over the past two years suggests there may be a floor to cash use. Banks and credit unions need to establish efficient processes to handle cash for years to come. Today's financial institution leaders continue to spend a disproportionate amount of their time performing manual cash handling processes without the insights they need to improve their cash operations," Jeff Hempker, president, Avivatech, said in the release. "The CashWare Advisor solution supports FI leaders by providing cash visibility to facilitate better planning and greater efficiency."