ABSA Stays Ahead of the Market With CashWebCommunity From Transtrack InternationalBy Transtrack International, PRNE
Monday, January 17, 2011
UTRECHT, The Netherlands, January 18, 2011 - Absa Group Ltd of South Africa take the first steps to a true
Cash Web Community with Transtrack's latest CashWebCommunity suite of
management software to elevate their service quality and customer experience.
Key in the success of the bank's Cash Solutions is the use of
the latest technology to provide complete end-to-end visibility and provide a
platform for future integration of value added services, by implementing
modules from the CashWebCommunity platform powered by Transtrack.
"Transtrack has enhanced our ability to integrate and manage
the end-to-end cash value chain across previously disparate entities, driving
business value through improved vendor performance management and enhancing
the customer value proposition." Gawie du Preez - Absa Cash Solutions Managing
Transtrack International provides sophisticated end-to-end
software solutions to cash businesses around the world. The software is aimed
at increasing efficiency, transparency and security. From a total cost of
cash perspective, the software allows for a decrease of the cost of cash for
both banks and retailers. Transtrack's software is web enabled and connects
cash businesses within the supply chain. In the field of true cash
management, Transtrack is market leader worldwide with their CashWebCommunity
"Transtrack provides software for supply chain optimization
and collaboration, enabling the industry to increase their service and
decrease the cost of cash." Ronald van Vliet - CEO Transtrack International.
The Absa Group Limited (Absa), headquartered in Johannesburg
and listed on the Johannesburg Stock Exchange (JSE), is one of South Africa's
largest financial services groups, offering a comprehensive range of banking,
assurance and wealth management products and services. Absa's business is
conducted primarily in South Africa.
In addition to this, the Group has equity holdings in banks in
Mozambique and Tanzania.
At 30 June 2010, Absa Group had 718.2 million shares issued
and a market capitalisation of R87.3 billion.
At 30 June 2010, Absa had assets of R718.2 billion, 1,043
points of presence, 11,5 million customers, 8,885 ATMs and 36,365 permanent
Absa is a subsidiary of Barclays Bank plc, which holds a stake
of 55,5% in the Group. Barclays is a major global financial services provider
engaged in retail and commercial banking, credit cards, investment banking,
wealth management and investment management services with an extensive
international presence in Europe, the USA, Africa and Asia.
For more information: Transtrack International, T +31(0)302404212, F +31(0)302404242, E info at transtrack.nl
Tags: January 18, Netherlands, The Netherlands, Transtrack International, Utrecht