Cloud-based cash inventory management for on-premises cash handling devices

A computer-implemented method for cash handling device operation management, the method comprising:

• monitoring closing transaction data from a cash handling device identifying physical cash movement within the cash handling device for each of a first cash denomination and a second cash denomination and identifying physical cash locations in a recycler cassette of the cash handling device and in a deposit cassette of the cash handling device;
• triggering a forecasting process for the cash handling device, the forecasting process comprising:
• determining an operating fund for a plurality of register tills, wherein the operating fund for each register till of the plurality of register tills identifies an operating fund amount for the first cash denomination and the second cash denomination for a forecast period and wherein determining an operating fund for each of the plurality of register tills for the forecast period comprises:
• retrieving historical usage data for the first cash denomination and the second cash denomination from each register till of the plurality of register tills;
• and
• determining the operating fund for each register till of the plurality of register tills based at least in part on one or more of the historical usage data or manual adjustments;
• determining a forecast starting content for the first cash denomination and the second cash denomination within the recycler cassette at the cash handling device for the forecast period;
• comparing the forecast starting content for the first cash denomination and the second cash denomination against the operating funds determined for each of the plurality of register tills;
• and
• generating a user interface displaying the operating funds determined for each of the plurality of register tills.

A computer program product comprising a non-transitory computer readable medium having computer program instructions stored therein, the computer program instructions when executed by a processor, cause the processor to:

• monitor closing transaction data from a cash handling device identifying physical cash movement within the cash handling device for each of a first cash denomination and a second cash denomination and identifying physical cash locations in a recycler cassette of the cash handling device and in a deposit cassette of the cash handling device;
• trigger a forecasting process for the cash handling device, the forecasting process comprising:
• determining an operating fund for a plurality of register tills, wherein the operating fund for each register till of the plurality of register tills identifies an operating fund amount for the first cash denomination and the second cash denomination for a forecast period and wherein determining an operating fund for each of the plurality of register tills for the forecast period comprises:
• retrieving historical usage data for the first cash denomination and the second cash denomination from each register till of the plurality of register tills;
• and
• determining the operating fund for each register till of the plurality of register tills based at least in part on one or more of the historical usage data or manual adjustments;
• determining a forecast starting content for the first cash denomination and the second cash denomination within the recycler cassette at the cash handling device for the forecast period;
• comparing the forecast starting content for the first cash denomination and the second cash denomination against the operating funds determined for each of the plurality of register tills;
• and
• generate a user interface displaying the operating funds determined for each of the plurality of register tills.