Cash Management.iQ Mobile Application: A New Opportunity To Control Cash Collection Performance
Cash Management.iQ is a complex software solution for CIT and Cash Flow optimization. Cash Management.iQ can help manage CIT personnel with real-time cash collector activity monitoring. Now banks can record each step taken by the armored service while collecting cash using a mobile device (mobile phone, portable, or stationary QR code scanners).
How Does It Work?
Within the cash collection order framework, the cashier prepares cash (cassettes or bags) and prints the corresponding supporting document, automatically generated in the Cash Management.iQ system. This document contains a QR code with information about the order.
The system records the following data.
1. Cash bags or ATM cassettes seals numbers.
2. Money bags, containers, or ATM cassettes unique numbers.
3. Responsible cashier and collector IDs.
This document is attached to the bag or cassettes. The cashier and cash collector both sign this document, then the cash collector scans a QR code with a mobile device. Thus, the Cash Management.iQ system records the cash transfer to the collector, and the order information appears in his application.
The next stage is money delivery. The Cash Management.iQ system can help track each step’s activity in the cash collection and delivery process: from changing cassettes, handing over cash from one employee to another, receiving cash, and much more. All essential activities in the Cash Management.iQ system can be recorded using mobile devices, saving time and efficiently tracking the entire process.
The system also saves all order history, which can be checked using the application.
Advantages of Using a Mobile Device
- ensuring the cash collection process transparency
- real-time order performance control
- automated creation of accompanying documentation
- workflow simplification
Cash Management.iQ for cash flow management
The Cash Management.iQ software platform is developed for optimizing the cash cycle at payment points. The solution allows users to automate the operational processes and workflow associated with placing cash replenishment orders and optimize CIT routes.
To learn more about the Cash Management software product, its capabilities, and the new mobile application for collectors, contact BS/2 representatives.