Transoft International Partners With FTSI to provide Cash Management Solutions to the US Credit Union and Community Bank market
A unique partnership established to optimize cash management for Credit Unions and Community Banks in the United States
CARY, N.C. and MONROVIA, Calif., Oct. 10, 2011 /PRNewswire/ -- Transoft International announced today that it is teaming up with Financial Technology Services International (FTSI), Inc. by integrating Transoft's Software-as-a-Service offering, OptimizeCF™, into the FTSI suite of comprehensive ATM and cash management services for credit unions and community banks.
"Transoft's currency management products are successfully implemented by major financial institutions across the globe. Through our partnership with FTSI we are now able to provide substantial recurring savings to credit union and community bank customers in the USA. The unique cost optimization functionality of OptimizeCF™ fits perfectly with FTSI's vision of bringing world-class cash management services to their US financial institution customers. The ability of OptimizeCF™ to anticipate and monitor cash demand, balance costs and thus identify significant cash holdings and cost reductions will provide FTSI's customers with state-of-the-art, network-wide ATM and branch cash management capability," stated Bo H. Holmgreen, President & CEO of Transoft.
Through the integration of OptimizeCF™ into FTSI's service offerings both companies will be able to further cut operating costs for FTSI's customers, solidifying an even stronger value proposition by providing optimal cash orders through advanced algorithms that take into account interest rates, events, calendars, CIT-Cost and insurance costs, to name just a few. "OptimizeCF™ will enable our customers to now have visibility into their cash movements using an advanced predictive decision process. We view this as just the beginning of the synergies our two companies are creating and the impact our relationship will have on our customer's cost structure," added Susan Napier, Chairperson and CEO of FTSI.
For further details, please visit Transoft International in booth #805 at the BAI Retail Delivery Show October 11th and 12th, in Chicago.
About FTSI
Based in Southern California, FTSI is the largest independent provider of ATM services for credit unions and community banks on the West Coast. Connecting its clients with financial industry technologies since 1998, FTSI offers a comprehensive collection of cutting-edge ATM management and Professional Service solutions.
About Transoft
Transoft International, Inc. is the leading provider of currency supply chain management software solutions for the banking industry. Transoft products 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 financial institutions, ATM networks and Armoured Car Service providers, Transoft solutions are generating significant recurring cost savings for ATM, branch and vault networks.
Press Contact: Transoft International Inc.
Turid Kaehny
Phone 919-678-9192, ext. 06
SOURCE Transoft International
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