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Cash

Cash

Axendit Cash is a versatile solution that provides comprehensive support for cash management processes in financial institutions.

The system streamlines the processing of financial operations in all cash points, including bank branches, cash vaults, ATMs, cash deposit machines and night depositories. Axendit Cash has been designed to enable cooperation with the bank’s internal systems as well as with any third-party systems. The system features a unique functionality for optimization of cash transportation schedules. This allows for maintaining adequate liquidity at cash points with a minimum number of interventions required.

Key Functionalities

Forecasting of future cash turnovers and cash balances
  • Prediction of future amounts of cash available at all the supported cash points based on historical data and statistical forecasting models
Planning and management of transport schedules
  • Preparation of cash transportation schedules allowing to minimize operating costs while maintaining adequate liquidity
Managing of transport orders and monitoring their execution
  • Effective process management from the moment of demanding a cash transport, through the delivery and counting of cash, till the order completion, including the control of all related documents
Monitoring of current cash balances and technical condition of devices
  • Monitoring and reporting on the current amounts of cash held at individual cash points, as well as generating alerts for user-definable levels of cash and events
Reporting and analysis of data at different levels of detail
  • Quick access to all the data collected in Axendit Cash which are used in the cash management process
Communication with external systems
  • Communication with the IT environment allowing for integration of the system with the help of file, database and web service interfaces
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Business benefits

Financial liquidity

Reducing the risk of insufficient or excessive liquidity at cash points - maximization of bank revenues and customer satisfaction

Cost savings

Lower cost of cash management achieved by optimizing cash balances and intervention schedules.

Straightforward standards

Improved efficiency of cash management - implementation of uniform processing standards and streamlining the flow of information between the process participants.

Full control

Enhanced control and automation of cash management.

Optimum profits

Rapid return on investment by significantly reducing and optimizing the use of cash resource.

Security

Processing of confidential data requires special protection. Axendit Cash satisfies the highest security standards.

Technology Stack

  • Programming languages and main frameworks - JAVA, JSP, PLSQL Spring, BIRT
  • Application servers - Oracle WebLogic, IBM Websphere, JBoos/EAP, Tomcat
  • Database - Oracle
  • Integration standard - Web service, File
  • Web browsers supported - Internet Explorer