Turkish Economy Bank (TEB), a BNP Paribas Bank, chooses Transoft International's OptiSuite Cash Management Solution
Industry leading next Generation Cash Management Solution OptiCash™ chosen to efficiently manage consumer demand versus the cost of cash.
LONDON and ISTANBUL, May 22, 2012 /PRNewswire/ -- Transoft International, the leading provider of currency supply chain management solutions in cooperation with its global partner NCR, announced today that TEB has chosen Transoft's OptiCash currency management software for its ATM cash optimization.
A comprehensive end-to-end currency management software solution OptiCash will be used to automate cash forecasting, cost balancing, ordering, monitoring, expense tracking and more for TEB. Using historical demand data and statistical algorithms , ATM cash levels are cost optimized to effectively meet demand at the lowest possible cost. In addition, OptiCash takes into account seasonal fluctuations, events and those trends that influence demand for cash to ensure maximum network availability.
"Due to Transoft's extensive experience in the Turkish market, NCR Turkey's local support and after having done a pilot to compare competitive solutions, we have chosen Transoft's OptiCash solution based on its proven foundation of cash optimization techniques, processing speed critical for our size network, wide range of features such as their Simulations Module, and the company's overall concentrated focus on cash management tools," states Murat Tacer , ATM Banking Senior Manager at TEB.
Bo H. Holmgreen , CEO and President of Transoft International adds: "Being selected by TEB further demonstrates the strength of our products and firmly reinforces our position as a leader in the Turkish cash management sector.We are delighted to have TEB join our global customer base."
About Turkish Economy Bank (TEB)
Turkish Economy Bank (Turk Ekonomi Bankasi or TEB) is one of the leading private sector commercial banks in Turkey. The Bank operates in six business segments: corporate, commercial, retail and private banking, treasury and capital markets brokerage. TEB is the leader of a financial services group that operates in the fields of banking, leasing, investment and asset management in Turkey and abroad. TEB bank is a part of BNP Paribas (France). Total assets: TRY 38.4 billion (as of March 31, 2012).
In addition to its expertise and strong reputation in international financial markets, TEB maintains its competitive edge with BNP's international banking network and its own Turkey Desks within this network. TEB bank has two subsidiaries outside Turkey - TEB NV (The Economy Bank) in the Netherlands and TEB Sh.A. in Kosovo.
NCR Corporation (NYSE: NCR) is a global technology company leading how the world connects, interacts and transacts with business. NCR's assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, healthcare, hospitality, entertainment, gaming and public sector organizations in more than 100 countries. NCR (www.ncr.com) is headquartered in Duluth, Georgia.
About Transoft International, Inc.
Transoft International, Inc. is a leading provider of currency supply chain management software solutions for the banking industry. Transoft products include OptiCash, OptiNet, OptimizeCF. OptiVLM and OptiVault. These sophisticated applications have been developed by experienced cash management professionals to efficiently and cost-effectively handle all aspects of the complex cash management process. In use worldwide by banks, ATM networks, armored car service providers and retailers, Transoft solutions are generating significant recurring cost savings for all forms of currency supply chain networks. For more information, please visit www.Transoftinc.com.
Transoft International, Inc.
+ 1 919 678 9192
SOURCE Transoft International
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