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ArmaGuard Reduces Cash Outages via OptiCa$h
Transoft International, Inc. the leading innovator in currency management has announced today that ArmaGuard has released its cost savings figures for the past 12 months. As a result of their implementation of Transofts OptiCa$hİ currency management software, ArmaGuard was able to drive significant operational efficiency improvements in the management of ArmaGuards ATM service bureau.
ArmaGuard Reduces Cash Outages via OptiCa$h
Australia, March 2002: Transoft International, Inc. the leading innovator in currency management has announced today that ArmaGuard has released its cost savings figures for the past 12 months. As a result of their implementation of Transofts OptiCa$hİ currency management software, ArmaGuard was able to drive significant operational efficiency improvements in the management of ArmaGuards ATM service bureau.
Over the 12 month period, we have been able to reduce our cash outages from approximately 3% to a holding pattern of 1% or better," claims (need a name and title for quote. Meanwhile our cash re-banks (surplus cash at the time of each replenishment) have been reduced from the mid thirty percentiles down to less than 18%, with a future focus of achieving a 15% target in mind." Being a carrier Armaguards objective is to stay on fixed service days and focus only on cash holding cost and re-bank % reductions.
"We at Transoft are extremely pleased to hear this news," said Bo Holmgreen, President and CEO. It is great to see quantitative evidence that our products are delivering value to our customers bottom line."
About ArmaGuard:
ArmaGuard is Australia's leading armored transport and cash processing groups. They provide online cash logistics services combined with innovative technology and maximum security.
About Transoft:
Transoft is the world's leading provider of currency supply chain management analytical applications for the commercial banking industry. Based in Cary, North Carolina, Transoft, founded in 1992, develops software that provides large recurring cost savings in the ATM, branch and vault networks of banks, by applying Operations Research and statistical analysis to the cash inventory management and balancing of all cost components.
The company's products include OptiCa$hİ, the industry's leading integrated set of analytical applications for predicting currency demand at each cash point, while optimizing cash deliveries and clearings; and eATMİ, the next level of NDC/912 ATM software that is hardware independent, thus offering the capability to operate and manage and entire ATM network with one software application.
The components of the OptiCa$hİ suite are: OptiCa$hİ, the leading optimization and end-to-end processing tool for Currency Management, OptiNetİ, an integrated web-enabled branch and carrier communications tool that extends the functionality of OptiCa$hİ to intranets; and OptiVaultİ, a vault consolidation analytical application that optimizes currency and coin ordering, denomination management and clearing methods for bank money rooms and carrier vaults.
Transoft is a privately held company with more than 40 customers in production across 6 continents, managing cash for over 40,000 ATMs and 14,500 bank branches. Transoft can be reached at 919.678.9192 and www.transoftinc.com.
A full-text copy may be downloaded from the web; access http://www.transoftinc.com and click on News & Events.
Contact:
Transoft International, Inc.
Roger L. Baldridge, +1 919.678.9192
Roger.Baldridge@Transoftinc.com
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