
An Intraday Deposit Success Story
A mid-sized retailer began using DTS Deposits to improve deposit reporting and accelerate funds availability. During the roll out process, the customer compared active DTS locations to those scheduled to be live later in the year. The results were astounding. Stores active on the DTS system were picking up a half-day of float on all of their deposits.
DTS enabled this savings by allowing the company to match their deposit process to their store operational accounting. Before DTS, each store would only deposit a portion of funds available in their safe. This was due to the way they had to account for their funds. With DTS, they could accurately account for funds and deposit every dollar available.
The savings for this customer will exceed 1 million dollars a year in float savings alone.
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