Transoft Kicks Off Carbon Emissions Reduction Campaign for Banks

RALEIGH, N.C. and CARY, N.C., Oct. 11 /PRNewswire/ -- Transoft has been optimizing the cash supply chain for large banks around the world for 18 years and has each year increased the depth, complexity and modeling ability in the pursuit of more savings for clients. Now Transoft goes green as their OptiCash and OptiVault software applications suite gets new functionality to consider the sustainability impacts by transporting cash everywhere. "This is the first time in 18 years we at Transoft have considered diverting from the bank's bottom-line as the only priority," says Bo H. Holmgreen, President & CEO of Transoft International, Inc. "Be it airlines, trucking companies, public transportation – all industries with large transportation needs have an obligation to reduce their carbon footprint. Bank cash transport is no exception and Transoft is pleased to continue leading the banking world in cost optimization by now including the option of carbon emission reductions."

By balancing all cash cost components optimally, banks already save millions using Transoft solutions around the world. "By adding the ability to reduce transportation needs while fully serving cash needs and balance carbon off-sets into the cost equation, our customers have an opportunity to give back a little to the precious environment," says Edgar Rojas, Vice President of Products at Transoft. "Several of our bank clients are already 'green banks' with highly efficient buildings and recycling methods in place, and Transoft's efforts in their cash supply chain will further these progressive corporate images with tangible carbon reductions and in some countries actual tax credits," Mr. Rojas adds.

"Our team was really excited to develop this module," says Tim Brown, Head of Development at Transoft. "Transoft's staff is proud to pioneer real environmental impacts and continue Transoft's breaking new ground with exciting functionalities. For two decades we have been leading the industry with cost optimization, benchmark simulations, what-if business case testing, multi-currency predictions etc, so adding carbon off-sets seemed like a natural idea befitting our mission. The latest global climate conference in Copenhagen, COP15, sent clear directions to the industrialized world to protect the environment, and with this unfolding in the native city of Transoft's CEO, we went to work on this to ready it for announcement at the ICCOS and Retail Delivery conferences this month."

The new module, OptiCarbon, is available to all Transoft customers immediately in the latest released version 8 of OptiCash and OptiVault, and will soon be available in Transoft's popular SaaS offering, OptimizeCF.

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 Armored Car Service providers. Partners such as NCR Corp., De La Rue Ltd., Printec Corp., Armaguard Pty, First Data Ltd, and others offer outsourced and SaaS services around the world with Transoft products. Transoft solutions such as OptiCash, OptiVault and OptiNet are generating significant recurring cost savings for ATM, branch, and money center/regional vault networks. Transoft is a fast growing 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.

Contact: Turid Kaehny, Transoft International, Inc., +1-919-678-9192

www.transoftinc.com

SOURCE Transoft International, Inc.