ATLANTA, Aug. 26, 2014 – CetoLogic, a leading provider of software and analytics for financial institutions and retailers, announced that the company’s C3 Financial cash management and predictive analytics solution has been named a finalist for the 2014 BankNews Innovative Solutions Awards. The award recognizes companies that have introduced or significantly enhanced products designed to help community banks become more efficient, expand their capabilities and better serve their customers.
“It as an honor to be named a finalist for the BankNews Innovative Solutions Awards, as it further establishes our C3 Financial solution as a truly innovative and unique solution,” said Paula McKeone, vice president of Operations for CetoLogic. “Being included is a testament to our goal of providing today’s financial institutions accurate branch requisition recommendations and helping maintain appropriate cash inventory levels.”
CetoLogic recently integrated a new forecasting model within its C3 Financial solution, C365 Forecasting. Through detailed analysis of historical cash patterns, C365 Forecasting enables C3 Financial users to better predict customer cash demand within individual branches and ATMs – providing detailed inventory recommendations at the denominational level. The forecasting model includes a moving safety stock, which measures the volatility of each denomination enabling financial institutions to enhance their understanding of maximum and minimum cash limits. C365 Forecasting’s statistical calculations aligned with branch cash expertise enhance cash demand predictions across four areas: deductive forecasting, flexibility, problem solving logic and accuracy.
To vote for CetoLogic, visit the BankNews website (http://surveys.verticalresponse.com/a/show/180223/513a3c47df/0) and cast your vote now through September 15.
Atlanta, Ga.-based CetoLogic provides software solutions and analytics to financial institutions and retail organizations. CetoLogic proudly services the needs of more than 1,500 clients in 50 states and Canada by providing “Smart Solutions that Make Dollars and Sense.” CetoLogic is the designer of C3 Financial, a web-based cash forecasting and management software. CetoLogic also pioneered Deposit Reclassification, a retail sweep program designed to eliminate reserve balances. CetoLogic’s solutions improve earnings, efficiencies, risk management and operations.