About the Client
Kredobank, a Ukrainian bank founded in 1990, is 100% owned by the largest Polish bank, PKO Bank Polski. It ranks 14th among Ukrainian banks in terms of asset size according to the National Bank of Ukraine (NBU).
Implemented Solution
The effective operation of a bank depends significantly on proper control of cash flow. To streamline this process, Kredobank utilized the CashLAB software complex developed by RENOME SMART. The solution covers self-service kiosk networks, electronic safes, ATMs, and bank branches. It consolidates essential data into a single environment, enabling efficient management of cash flows through automation and optimization.
Turnkey Solution
IMPLEMENTATION STAGES:
01. Analysis of processes and development of implementation strategy.
02. Software deployment and pilot launch.
03. Project scaling.
04. Technical support.
KEY ADVANTAGE
The tool autonomously monitors the availability of cash in self-service devices, bank branches, and vaults. It collects data on load levels, maintains records of the technical status of cassettes and ATMs, forecasts cash replenishments, and performs other functions.
CLIENT BENEFITS
Kredobank now has a cash management system that is tailored to its specific needs, taking into account financial and economic factors. It meticulously analyzes processes and collects data to generate optimal forecasts and effective recommendations.
“By choosing CashLAB, we aimed to meet the need for a comprehensive cash management solution in the bank. The system can adapt flexibly to our bank’s needs and offer the most optimal scenarios. Moreover, it is extremely user-friendly.”
Iryna Lebedyn
Director of Cash Management Center,
“KREDOBANK”
Capabilities
Analysis
The solution takes into account all available information, including cash balances in ATMs, deposit machines, and self-service kiosks, transaction history, exchange rates, customer orders, and more.
Forecasting
The system calculates the required cash amounts for ATM replenishments or CIT services by denomination and currency type. It also predicts customer order volumes and service costs.
Optimization
CashLAB determines the optimal cash loading amount for each ATM, considering withdrawal volume, frequency, limits, reserve levels, CIT trip frequencies, device locations, and more. It helps avoid unnecessary costs associated with cash that is not in circulation and CIT services by suggesting the most optimal schedule for cash operations and device maintenance.
Value
Cash management allows for 24/7 real-time cash handling. The software complex considers the cost-effectiveness of all expenditures, from servicing to cash holdings.
3 STEPS, TO ASSESS EFFECTIVENESS
01. Leave the application
We will contact you to determine the content of the service and equipment.
02. Conducting an offline pilot
Collection/import of analytical data and work of Renome-Smart cache managers.
03. Cost-benefit analysis
Preparation of comparative statistics of efficiency of work with and without CashLab system.
ЗВ’ЯЗОК З МЕНЕДЖЕРОМ