ATLANTA, May 28, 2014 – CetoLogic, a provider of software and analytics for financial institutions and retailers, announced the availability of an interface between its leading cash management and predictive analytics solution, C3 Financial, and Symitar’s® core platforms to help streamline manual processes while ensuring data integrity and efficiencies in cash operations for its clients.
Through the interface with Symitar’s Episys® and CruiseNet® platforms, more than 800 credit unions will have the option to license CetoLogic’s solution to automatically upload daily denomination cash endings into C3 Financial to better track, forecast and inventory branch, ATM and vault cash. C3 Financial’s interface with Symitar communicates end-of-day cash positions by denomination to drive C3 Financial’s cash forecasting, and facilitates accurate orders and deposits of cash. Previously, credit unions had to generate a report and designate a resource to manually process a daily file through a CetoLogic tool that converted data to an up loadable format to C3 Financial.
“Manual processes are outdated, expensive and error-prone, priming financial institutions for data integrity issues and inefficiencies,” said David Austin, vice president of CetoLogic. “The interface C3 Financial provides Symitar core users provides access to an operational solution that enables credit unions with the ability to maximize their use of data and optimize inventory of their largest non-earning asset: cash. Symitar’s credit unions are now able to spend less time managing their cash management process and focus more on member needs.”
Symitar, a division of Jack Henry & Associates, Inc. (NASDAQ: JKHY), is the leading provider of integrated computer systems for credit unions of all sizes. Symitar has been selected as the primary technology partner by more than 800 credit unions, serving as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at www.symitar.com.
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. For more information about CetoLogic’s solutions, call 1.877.495.0687.