Cash Recycling Partnership Produces a Unique Opportunity for Savings in Cash Management

RALEIGH, N.C., Nov. 15, 2010 /PRNewswire/ -- Teller Cash Recyclers (TCRs) are changing the cash industry fast, and two leaders in the industry are merging forces to produce the most sophisticated cash recycling operations possible. CTS CashPro and Transoft International, Inc. are jointly announcing their new partnership at ICCOS Asia, where several speeches will address these new possibilities.

"For two decades, Transoft has provided industry leadership in creative cost reductions through mathematical optimization and simulation technologies. As recycling becomes the norm around the world, even more intelligence surrounding these devices become necessary in order to fully exploit the savings potential," said Bo H. Holmgreen, President & CEO of Transoft. "Through proper cost modeling and constant daily optimization, some branches will never need exchange of currency, except for irregular visits to satisfy denominational exceptions or other long-term impacts. We can now model when it is optimal to involve transportation and for how long a branch can sustain itself at minimal cost, or if it makes sense to dynamically change the dispensed denomination mixes to make the branch last longer until replenishment or returns are needed. This is a huge improvement over manual recycling and may very well have a big impact on central banks around the world."

Through the extended relationship, CTS CashPro and their global partners will be able to resell Transoft's OptiCash modules as part of their sales efforts. The integrated solution will provide benefits yet unseen in the world of cash management, and without the need to implement or change any software, as it all happens via direct communication between the cash recycling devices and the cash management software, which is resident in the cloud. This generates maximum cost savings in the management of cash across the bank network, with very little or no implementation costs.

"CTS CashPro's recycling technology allows banks to decentralize the recycling of cash, thereby saving huge amounts every year. Adding Transoft's dynamic cost optimization on top of that adds a whole new dimension of even better utilization and cost balancing, by allowing the bank an active management layer fully focused on the short- and long-term costs associated with each device in each location," adds Massimo Sirolla, Vice President of Sales at CTS CashPro. "Unlike other solutions in the industry focused on the simpler cash reduction methods, this partnership leverages savings opportunities across all costs, yielding much better results and the ability to monitor those costs, past, present and future. We are convinced the combination of our intelligent TCR devices and the most sophisticated optimization technology from Transoft will yield our joint customers the most automation and savings benefits possible."

About Transoft

Transoft International, Inc. is the leading provider of currency supply chain management software solutions for the banking industry. Transoft products have been developed over the last 18 years by experienced cash management professionals to efficiently and cost-effectively handle all aspects of the complex cash management process. Through the use of sophisticated optimization and simulation techniques, Transoft's products remains unique in the market place and is in use worldwide by Banks, ATM networks and CITs. Partners such as NCR, DeLaRue, Printec, Armaguard, First Data, and others offer outsourced/SaaS services around the world with Transoft solutions such as OptiCash, OptiVault and OptiNet, generating significant recurring cost savings for ATM, branch, and vault networks. Transoft is a privately held software company in the Research Triangle Park in North Carolina with offices and staff around the world. Transoft was appointed a "2010 Top 50 Entrepreneur" and has recently enjoyed a surge of interest as basic banking moves to cost containment and better competitiveness.

About CTS CashPro

CTS CashPro is the world's largest manufacturer of Teller Cash Recyclers (TCR). Since 1996, our cash processing solutions have helped banks and retailers worldwide manage their cash transactions more efficiently, cost-effectively, and in total security, and this has made CTS CashPro and their partners a market leader. For more information, please visit www.cashpro.ctsgroup.it.

Contact:  Turid Kaehny, 919-678-9192

SOURCE Transoft International, Inc.