Aiming to bring enhanced cash management capabilities to their clients, Burroughs Payment Systems (Plymouth, Mich.) and Ceto and Associates (Atlanta) announced a new partnership. Burroughs SmartCash curreny recyclers and dispensers are now integrated with the Ceto Cash Calculator (C3), enabling clients to convert raw cash-use data into actionable intelligence. The new solution will enable end users to reduce cash inventory, streamline their supply chain, and more accurately understand future trends in branch cash use, according to the two companies.
Gathering data made available by Burroughs SmartCash automation solutions, Ceto Cash Calculator assists executive and branch management within financial institutions to set optimum cash targets for individual branches, the vendors say. Using the predictive analysis capabilities of C3, clients are able to translate the data collected by the SmartCash devices into accurate cash forecasts, for example.
Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio