Russian Sberbank to license Transoft's cash management software
Transoft International Inc., a provider of currency supply chain management solutions, announced that Sberbank of Russia, the largest bank in the Russian Federation, has purchased an institutional license for installation of its OptiCash/OptiNet software, designed to optimize cash management processes for the bank's branches and ATMs.
According to the press release, the solution was implemented first in Sberbank's Moscow branches and ATMs. The result of the initial implementation resulted in improved cash availability in cashpoints and reduced operational and funding costs. The successful test in Moscow led Sberbank to purchase an institutional license to use OptiCash/OptiNet across all of its cashpoints in the Russian Federation and to and centralize its cash flow management processes.
"Many sectors of the economy already have implemented the automated resource