09:07 AM
Connect Directly

Woodforest Financial Selects Transoft Currency Management

Woodforest Financial Group (The Woodlands, Texas) will use the OptimizeCF currency management software for ATM and branch cash management from Transoft International (Cary, N.C.).

According to Transoft, OptimizeCF is designed as a software-as-a-service application. Woodforest will use it to automate cash forecasting, cost balancing, monitoring, expense tracking and other operations.

Using historical demand data and statistical algorithms, ATM and branch cash orders and returns are cost optimized to help meet demand and minimize holdings. In addition, OptimizeCF is designed to take into account seasonal fluctuations, events and other trends that influence demand for cash to ensure maximum network availability.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.