ATLANTA, April 8, 2014 – CetoLogic, a leading provider of software and analytics for financial institutions and retailers, announced that Live Oak, Texas-based Randolph-Brooks Federal Credit Union ($5.7 billion in assets) has renewed its contract for CetoLogic’s C³ Financial cash management and forecasting software through 2017. Through the strength of the solution’s predictive analytics, Randolph-Brooks FCU has automated cash requests to eliminate cash overages (by as much as 15 percent) and increase overall cash efficiency for its network of 48 branches and 91 ATMs.
“RBFCU continues to expand its footprint with a 33 percent increase in members and a 34 percent increase in the number of accounts throughout the past three years,” said Mary O’Rourke, chief information officer for Randolph-Brooks Federal Credit Union. “To support this level of growth, we required a centralized cash management software that enabled our personnel to meet and sustain our high levels of member service throughout our network. C³ Financial provides us with optimal cash inventory at all locations because of the solution’s accurate cash forecasting and shipment recommendations.”
“Harnessing the power of predictive analytics to manage cash inventory levels is the key to accomplishing organization-wide cash management goals,” said David Austin, vice president of CetoLogic. “RBFCU easily manages its branch and ATM cash amounts, which constitute the credit union’s largest non-earning asset, through C³ Financial’s capabilities to effectively maintain optimized cash levels and efficiently manage and meet member needs.”
About Randolph Brooks Federal Credit Union
Established in 1952, Randolph-Brooks Federal Credit Union is a full-service financial cooperative whose mission is to improve members’ economic well-being and quality of life. With assets exceeding $5.7 billion, RBFCU serves more than 450,000 members from more than 40 branch locations in Texas.
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.