The Sberbank of Russia will cut down the expenses connected with providing a cash liquidity in branches and ATMs of bank

The Sberbank of Russia purchased the institutional license for software installation of OptiCash/OptiNet of Transoft International Inc. company intended for process optimization of management of flows of a cash liquidity in branches and ATMs of bank. The Transoft company is one of the world's largest suppliers of this sort of solutions, and implementation of its products is one of the best world practices in the field of the organization of effective management of cash liquidity. In Russia the implementing solutions Transoft is performed by the local partner – I-Teco company.

This solution was already successfully implemented in divisions and ATMs of Sberbank in Moscow where the OptiCash/OptiNet system showed high efficiency, having allowed bank to increase availability of a cash liquidity in ATMs and at the same time to reduce operating costs and costs for funding of a remaining balance.

According to the results of positive results of implementation in Moscow Sberbank purchased the institutional software license for the purpose of replication of the given solution for all points of work with cash of Sberbank located in the territory of the Russian Federation and also global optimization and centralization of processes of work with cash in scales of all organization.

The acting director of the department of transactions in financial markets of Sberbank of Russia Anna Orlenko comments: "In many branches of the economy the automated control systems for resources allowing to cut down considerably operating expenses, to avoid planning errors, to achieve transparency and controllability of processes are already implemented. We consider that solutions of this class can successfully be applied also in the banking sector to effective management of flows of a cash liquidity and values".

President of Transoft International Inc company. Bo Holmgrin notes: "In the last two years we actively cooperate with Sberbank of Russia. For such large bank as Sberbank, questions of improvement of management processes are especially relevant. We are sure that the positive effect of implementation of our software in Sberbank will be noticeable for many years".

From I-Teco company the Director of the department of financial technologies Alice Melnikova comments: "Sberbank became the Russia's first bank which went for radical improvement of processes of work with cash. The project team of I-Teco has wide experience of the solution of similar tasks therefore we are sure that we are a worthy partner for Transoft company and we will equal hopes of the largest bank of the country".