Perativ

A bank, operating more than 10,000 ATMs, was looking for an efficient cash distribution solution that could improve cash availability for its customers while keeping the Cash-in-Transit (CIT) cost and time at a bare minimum. Innovative cash optimization solutions provider, Perativ, stepped in with its next-generation solution driven by artificial intelligence (AI). The company’s solution paved the way for significant gains for the client as total cash flow at their ATMs reduced by 42 percent, emergency cash load reduced by 50 percent, and workload for cash forecasting and cash compliance came down by over 70 percent. Perativ’s AI-based solution was able to deliver such value because of its ability to bring together quality data from the ATMs in real-time and automate cash compliance across branches and ATMs. “Optimized every single day in the real environment through actionable data, our solution provides the visibility and superior capabilities to lower the cost of cash,” says Chris Chandler, president and CEO of Perativ. “As our solution can be implemented at any branch or ATMs, banks can ensure high cash availability, which still continues to be the core aspect of banking experience for customers.”

Today, banks are trying to find ways to reduce the cost of cash optimization with an aim to bolster their digital payments, compliance, and security. But they are burdened with high CIT cost and increased need for storage facilities and staff. They need to rethink and reorganize their costly and complex cash distribution networks (ATMs, CDUs, branch vaults) to achieve complete control of cash distribution across all channels. In this scenario, Perativ brings a welcome change by marrying analytics, AI, automation, and ATM operation, simplifying cash distribution at the lowest cost and operational overhead.

As our solution can be implemented at any branch or ATMs, banks can ensure high cash availability, which still continues to be the core aspect of banking experience for customers

Unlike the traditional cash forecasting software, Perativ’s solution automates cash compliance and integrates it with cash forecasting to enable banks with full control over the entire cash cycle. As a SaaS offering, it manages four core functions across the cash cycle, including cash forecasting, compliance, treasury reconciliation, and cash orders. Improved systems and data not only aids banks in improving compliance and risk management but also provides them with the independence to make accurate and actionable decisions. Besides, Perativ offers its solution as a managed services offering, where it handles end-to-end cash management processes for its clients. “We combine classic forecasting with automated cash compliance to complete the full circle and drive down the cost across the entire cash ecosystem,” says Chandler.

As a matter of fact, Perativ’s solution was not built by chance, but after intense research for many years. The company was working on two different projects related to cash compliance automation and cash forecasting improvement. These two projects delivered subpar results as there was a lack of quality data inflow and a dearth of accurate treasury management recommendations. But things started to take a positive turn once these two projects were merged. It was then that the company realized the need for an integrated approach to cash optimization. Prior to this innovation, most compliance functions were manual and demanded huge resources. Perativ’s innovative solution automated those functions and brought high visibility into cash flow.

Coming from a background of deploying and operating thousands of ATMs, Perativ has a colossal advantage over its competitors in terms of the work culture it has developed over the years. “Having been laser-focused on cash availability throughout our journey, maximizing cash availability at the lowest cost is at the heart of our business strategy,” ends Chandler.