Float Analysis System™ (FAS)

OPTIMIZE FLOAT CONTROL — CUSTOMER BY CUSTOMER, PRODUCT BY PRODUCT

Even as check transactions are electronified, through ECP, ACH or image, the fundamentals of float assignment and risk assessment remain. Float managers still need methods to accurately measure bank float and fee related expenses against customer float and pricing revenues. The right tools are essential – perhaps even more so today, in light of the rapid migration to electronified payments for pinpointing the float allocation, pricing and expense reduction opportunities that improve operating efficiency and income.

Carreker's float management solutions address the unique challenges of today's payments environment. Installed at financial institutions across the country, our Float Pricing and Float Analysis Systems are proven, cost effective solutions that manage expenses and customer profitability within a dynamic payments system. Moreover, they deliver the functionality, flexibility and control needed to meet banks' performance goals.

The Float Analysis System (FAS) is a decision support tool that provides deposit mix information on specific customer deposits and sources of work within the bank. With its powerful analysis capabilities, FAS allows your staff to create comprehensive profiles of deposit and clearing environments.

For example, FAS provides the tools needed to optimize check clearing and transportation schemes and finds bottlenecks in processing workflows from deposit time to proof and reader/sorter times. The system also helps prioritize work that can lead to reductions in bank-incurred float.

BENEFITS

• Provides an evaluation tool for check clearing schemes and transportation costs
  
• Improves processing workflows
  
• Reduces bank incurred float
  
• Supports mix-of-work, customer and individual market segments
  
• Permits optimization at the total bank level to assist in determining availability and sending patterns
  
• Facilitates a successful payments migration strategy
  

FEATURES

• Identifies critical endpoints and processing times in your operation
  
• Provides endpoint report matrices that show dollars and item volumes by 30-minute time increments
  
• Extracts data from prime pass on your item processing system or from the FPS history file
  
• Selects data for analysis based upon user-defined criteria
  
• Supports mix-of-work, customer and individual market segments
  
• Allows for analysis by product, service and customer pricing needs
  
• Can create reports restricted to a any specific source
  

For more information about this solution, download the brochure (PDF, top right). You can also contact Randy Haga at 972.371.1412 or complete our Information Request Form.