Woodforest Financial Selects Transoft Currency Management

Woodforest Financial Group (The Woodlands, Texas) will use the OptimizeCF currency management software for ATM and branch cash management from Transoft International (Cary, N.C.).

According to Transoft, OptimizeCF is designed as a software-as-a-service application. Woodforest will use it to automate cash forecasting, cost balancing, monitoring, expense tracking and other operations.

Using historical demand data and statistical algorithms, ATM and branch cash orders and returns are cost optimized to help meet demand and minimize holdings. In addition, OptimizeCF is designed to take into account seasonal fluctuations, events and other trends that influence demand for cash to ensure maximum network availability.