- Reclaim up to 10% of your transactional deposits for reinvestment
- Permanently recover your Federal Reserve Bank balance
- Immediately impact your bottom line in less than 45 days with Deposit Reclassification
Brenda Byers-Britney Retail Branch Operations Specialist
Our branches had a surplus of cash, but we were not necessarily utilizing it in the most efficient manner to meet our customers’ needs. A few branches had more inflow than outflow, and vice versa, but the branches were unable to monitor cash levels on a daily basis. Shortly after we received our first direct mail piece about the solution, we began comparing C3 Financial to other cash management solutions, but ultimately, the software’s ease of use and logicpath's commitment to community banks, led us to further our relationship with logicpath and implement C3 Financial. C3 Financials’ ability to pull information from our core system – Insight – and the internal efficiencies it created for our branches made the selection an easy one. Since implementation, we have seen more than $2 million in cash reductions at our branches. The solution also created other efficiencies for us including a simple cash limit monthly report that our Finance group is able to send to all of our branches and the retail group in less than five minutes; whereas before we had a very time consuming process of pulling the data from multiple sources and then manually compiling the report.