MILWAUKEE, Wis.– Corporate Central said it has partnered with logicpath to offer a new Cash Forecasting Service to its member credit unions.
According to the corporate, logicpath’s proprietary cash inventory management portal allows credit union members of Corporate Central to accurately forecast and order cash while optimizing inventory levels across their organization.
“By analyzing data from device applications and teller platforms, the logicpath software integrates all cash points seamlessly, helping credit unions save time and money by better managing their cash network,” Corporate Central said. “Analytics allow credit unions to leverage globally used inventory management techniques to predict demand and uncertainty through cash forecasting and optimization, down to the precise denomination levels in each location.”
The organization added that leveraging artificial intelligence with forecast accuracy ensures cash demand is met at the lowest possible cost.
‘Secure Interface’
“We are excited about this new partnership to offer an innovative AI-driven solution to our members,” said Jesse Kohl, SVP Corporate Development at Corporate Central. “Corporate Central and logicpath worked together to build a secure interface between logicpath and Beastro, Corporate Central’s newly released cloud-based digital banking platform. The interface allows credit unions to utilize the cash forecasting software and automatically import their branch and ATM cash delivery orders into Beastro. This is a significant enhancement to our cash management solution that will provide immediate value to our member credit unions.”
Corporate Central said it and logicpath will conduct an introductory webinar on April 18 at 10:00 a.m. CT. All interested credit unions can register for the complimentary webinar.
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