Patent ID: 8290839

Claim:
A computer-implemented method to simulate and analyze financial aspects of implementation of a plan to convert existing depository locations of a banking institution to distributed capture technology, the method comprising operations of: establishing simulation parameters defining selected aspects of the plan; establishing simulation assumptions prescribing expected values of certain data that is outside control of the banking institution and likely to have an influence on said financial aspects; collecting predefined existing data from predetermined sources; loading data into calculators programmed to calculate predicted cost savings and cost expenditures resulting from implementation of the plan, the loaded data comprising: the collected existing data, the simulation parameters, and the simulation assumptions; performing, using a computing device, an iterative simulation process, comprising: the calculators computing current results for an interim date or period based upon presently loaded data; storing the current results and loading the current results into the calculators for use as presently loaded data for a next interim date; repeating the calculating operation and the storing operation until the interim date or period reaches a prescribed end date or period; according to results of the iterative simulation process, performing optimization operations including: preparing a list of recommended depository locations for future implementation of distributed capture technology; and ranking the recommended depository locations according to predetermined criteria: ranking savings by depository location; ranking savings by ground route fed by multiple depository locations; and ranking savings by air route fed by multiple ground routes; and an output dashboard providing a human readable output including a user selectable portion of the stored results and selected depository locations.