[May 28, 2012] St. Clair Joins Forces with Transoft in the Philippines [Health & Beauty Close - Up] Tweet (Health & Beauty Close - Up Via Acquire Media NewsEdge) St. Clair, an armored carrier in the Philippines, and Transoft International, a provider of currency supply chain management solutions for the banking industry, announced that they have established a partnership to address the changes being implemented in the Philippines regarding interest on bank reserves. "Finding a strong software partner with which to execute our solid strategy with a proven tool is essential to our clients, and seeing the impressive results generated by OptiCash clients around the world, we are comfortable that we are in good hands with Transoft," said Alfredo Aquino, President of St. Clair, in a release. "With the changes coming, every bank in our country needs to manage their cash more carefully with an eye on the total cost, and our extra commitment to doing that rather than the basic forecasting services offered by others speaks volumes about our clients. They expect us to be the best and use the best tools in the industry; therefore we are pleased to make this investment together with Transoft." Bo Holmgreen, President and CEO of Transoft International, said: "Armoured carriers are moving to manage cash more efficiently for their customers and are joining Transoft in the quest for all-cost daily optimization. St. Clair unites with others such as Armaguard Australia, Transguard Dubai and G4S Latin America in using OptiCash for the very best savings possible, by applying statistical analysis and sophisticated business intelligence to the optimization process, thereby delivering the same huge annual savings achieved by major banks on all six continents. With the changes coming, all Filipino banks will be addressing this need one way or another, it is simply far too expensive not to and it cannot be done with spreadsheets or simple systems." Transoft is a sponsor of ICCOS conferences, the next one in Manila in October. "Transoft is proud to be part of this change with technology already proven by major clients around the world. This is no time to experiment as every month is huge lost opportunity cost," said Holmgreen. ((Comments on this story may be sent to [email protected])) (c) 2012 ProQuest Information and Learning Company; All Rights Reserved. [ Back To TMCnet.com's Homepage ]