The Branch Cash Summary DNAapp includes the Branch Daily Cash Summary application and the Branch Monthly Cash Summary application. These applications allow the financial institution to quickly identify branches that have exceeded their approved cash limit. The Branch Daily Cash Summary output file lists the ending cashbox balance for each branch, the branch limit, the variance as well as the total cashbox balance and total variance. The Branch Monthly Cash Summary output file provides a daily total variance by branch.
While the Branch Daily Cash Summary provides daily analysis of each branch’s closing cash in comparison to their approved limit, the Branch Monthly Cash Summary allows the financial institution to identify the branches that repeatedly exceed their approved limit allowing for further discussions to identify underlying causes.
Together these applications provide the benefit of correction action can be taken in a timely manner minimizing the chance of a loss occurring that is not covered by the insurance carrier.
Corrective action in a timely manner
Branches comply with their limits
Limits loss occurring from overages not covered by insurance carrier