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Achieving a successful bank transformation is optimising your supplier relationship, especially with CIT carriers, to be considerate of your new requirements. There are multiple challenges around this. Below, we look at just one challenge, the efficiency of CIT carriers, however, all seven supplier challenges are detailed in CMS Analytics' free whitepaper, Branch Transformation: Getting it Right.
All banks need visibility of their own operational efficiency and the respective efficiency of the industry. CMS Analytics' efficiency curve highlights how different networks and different service frequencies influence the optimal cash holdings. Banks should firstly optimise their CIT service frequency and then look to move to a position that creates a holistic optimisation for the cash operations as a whole, based on the new requirements of each branch.
Don't let CIT services and other cash suppliers inhibit your branch transformation success. CMS Analytics is helping the world's biggest banks navigate these challenges. Download our whitepaper, Branch Transformation: Getting it Right, today to see how your bank's cash operations would benchmark on our efficiency curve.
