News

Transoft highlights vault-cash management at BAI's RD

October 29, 2007

CARY, N.C. - Transoft International Inc., provider of currency supply-chain management solutions, will showcasE its OptiVault vault-cash management software during BAI's BAI Retail Delivery Conference in Las Vegas next month.

OptiVault is a vault-cash management system designed to meet the complex demands, Transoft says. While providing a view of the total demand placed on the currency supply chain, OptiVault forecasts current and future cash requirements for the financial institution, money room, vault and/or commercial customer. The solution also complies with the Federal Reserve's new policies regarding cross-shipping and custodial inventory. "As a result of the implementation of the Federal Reserve changes and the associated penalties, this next year will be a time for many U.S. banks to get their house in order," said Edgar Rojas, director of customer services at Transoft. "Anticipating cash movements and staying on top of the many requirements and costs associated with currency flows will be a priority."

In addition to OptiVault, Transoft also plans to demonstrate its end-to-end currency management software solutions OptiCash and OptiNet for ATM and branch currency management. The full suite of applications is in use worldwide to automate cash forecasting and cost-balancing to optimize cash levels at the lowest possible cost.

A representative from a major U.S. bank will be available to discuss how it is successfully using Transoft's systems to reduce costs, improve efficiency, avoid penalties, reduce exposure to risk and maximize savings.

The Transoft booth is No. 1761.