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Cash forecasting
Business Objective
- Prediction of optimal cash requirements for each ATM
- Overcome risks associated with manual process
- Ensure operational excellence
Challenges Faced by the client
- Existing cash management process is largely manual and is run through several spreadsheets on a daily basis prone to human errors
- Lack of data storage resulting in lack of trend analysis
- Lack of automated and centralized system for cash management resulting in lower productivity
- Issues of reconciliation
- Lack of historical insights/collective intelligence and exposes the company to severe risks due to absolute people dependency, siloed processes and error prone data sets
Solution(s) Proposed
- Automated platform with convenient user interface
- Machine learning enabled automated Indent Generation & Indent Revision
- Cloud based high availability system
- Role Based Access Control and Security
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