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Cash Optimization
In our hyper-connected world businesses must harness technologies to meet society’s demand for instant results and seamless interactions.
In today’s fast-paced world, businesses must adopt technologies and strategies to meet the growing demand for rapid response times.
TenX has launched a cash optimization product, which is a sophisticated data management solution that employs advanced analytics techniques, to have cash readily available cash in bank branches and ATMs.
Cash
Demand
Prediction
Using advanced analytics to forecast cash withdrawals at branches and ATMs ensures sufficient stock to meet customer needs while reducing cash holding costs.
Gather and consolidate historical transaction data from branches and ATMs.
Leverage the FB Prophet model, specifically designed to analyze time-series data, to forecast cash demand based on historical transaction patterns.
Train the FB Prophet model with historical data and assess its performance through appropriate metrics such as Mean Absolute Error (MAE) or Root Mean Squared Error (RMSE).
Implement linear programming techniques to optimize cash replenishment schedules based on the forecasted cash demand and pre-defined business rules.
Benefits
Enhanced Efficiency
From identifying high-value opportunities to optimizing models, infrastructure, and user experience, we ensure every AI project aligns with your goals and delivers results.
Drive Customer Loyalty
Accurate cash forecasting ensures that ATMs are adequately stocked, reducing downtime and boosting customer satisfaction and loyalty.
Cost Optimization
Demand-based cash replenishment minimizes holding costs and avoids cash shortages or surpluses.
TenX has launched a cash optimization product, which is a sophisticated data management solution that employs advanced analytics techniques, to have cash readily available cash in bank branches and ATMs.
Global Presence
TenX drives innovation with AI consulting, blending data analytics, software engineering, and cloud services.
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