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Today, banks are trying to find ways to reduce the cost of cash to bolster their digital payments, compliance, and information security. But they are burdened with high cash levels and CIT cost and mired in historic manual compliance processes. They need to rethink and reorganize their costly and complex cash distribution networks (ATMs, CDUs, Branch Vaults) to achieve complete visibility and control of cash distribution across all channels. Perativ's platform brings a welcome change by marrying analytics, AI, automation, and ATM/ Branch forecasting, simplifying cash distribution at the lowest cost and operational overhead.
Unlike the traditional cash forecasting software, Perativ's solution automates cash compliance and integrates it with cash forecasting to allow banks complete control over the entire cash cycle. As a SaaS offering, it manages four core functions across the cash cycle, including:![]()
Having been laser-focused on cash availability throughout our journey, maximizing cash availability at the lowest cost is at the heart of our business strategy
Improved systems and data not only aid banks in improving compliance and risk management but also separate cash control from cash handling or device service. Perativ offers its solution as a managed service offering where it handles end-to-end cash management and control processes for its clients. "We combine breakthrough cash monitoring and control systems with cash forecasting to optimize the full cash cycle and drive down the cost across the entire cash ecosystem," says Chandler.
Perativ's solution was not built by chance but after intense research for many years. The company worked on two different projects, one related to cash compliance automation and one on improved cash forecasting. Neither of these projects were delivering the hope for breakthroughs. Things started to transform once these two projects were merged. It was then that the company realized the breakthrough value of an integrated, cross-functional approach to cash optimization. Prior to this innovation, most compliance functions were manual and demanded huge resources. Perativ's innovative solution automated those functions, collapsing periodic reconciliations to near real-time data while eliminating the suspense account.
Coming from a background of deploying and operating thousands of ATMs, Perativ has an unfair advantage over its competitors in terms of the work culture it has developed over the years. "Having been laser-focused on cash availability throughout our journey, maximizing cash availability at the lowest cost is at the heart of our business strategy," ends Chandler.
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Company
Perativ
Headquarters
Ontario, Canada
Management
Chris Chandler, President and CEO
Description
Unlike the traditional cash forecasting software, Perativ's solution automates cash compliance and integrates it with cash forecasting to allow banks complete control over the entire cash cycle. As a SaaS offering, it manages four core functions across the cash cycle, including: Cash forecasting, Load compliance, Treasury Reconciliation, Cash orders. Perativ's solution was not built by chance but after intense research for many years. The company worked on two different projects, one related to cash compliance automation and one on improved cash forecasting. It’s innovative solution automated those functions, collapsing periodic reconciliations to near real-time data while eliminating the suspense account