BRMEdge(TM) Supports Asset Management at the University of California


BANNOCKBURN, Ill., May 1 -- The University of California is one of the largest public university institutions in the United States. The university maintains more than 350 accounts with eight financial institutions to address cash management activities. It relies on BRMEdge(TM) to consolidate and analyze all incoming bank account information.

According to Jan Gustavson, Banking Analyst with the university's Banking Services Group, BRMEdge has accelerated the monthly account review process, and was instrumental in achieving significant bank fee savings. The software has played a major role in hundreds of thousands of dollars in savings.

"Our area manages relationships with our banking institutions. With our network of campuses and facilities spread across the state of California, it's nearly impossible to carefully review and evaluate monthly account analysis statements manually. BRMEdge compiles and analyzes incoming bank information, and quickly provides our team with detailed reports that alert us to unexpected or incorrect bank charges."

Comprehensive Reporting Protects the Bottom Line

"Our organization pays approximately $4.7 million in fees each year to our banking partners -- exclusive of credit card processing charges," commented Jan. "Data gathered by and reported through BRMEdge helps us discover billing discrepancies. Sometimes the issues are small, and other times they can amount to savings of several thousand dollars. BRM is also a powerful negotiation tool. As part of a larger discussion on fees, we challenged one of our banks to show us a 48% reduction in a particular category of service fees. We used BRMEdge to track and confirm the fee reductions, which amounted to more than $200,000 in annual savings. The successful negotiation positioned us to enter into a more advantageous three-year agreement with the bank."

The BRMEdge system also supports pro-forma statement analysis, as well as the development of systems that allow expenses to be accurately charged back to individual campuses. According to Jan, "the Banking Services Group is frequently asked to provide reports to the campuses that document expenses, and now we can develop those customized reports and respond within minutes. In addition, the BRMEdge system supports detailed quarterly reporting, which allows our various campus account holders to know where they stand every 90 days. It's a comprehensive reporting solution that has become a cornerstone of the university's financial management strategies."

For more information about The Weiland Financial Group, Inc., please visit: www.weiland-wfg.com.

Source: The Weiland Financial Group, Inc.

CONTACT:

Tammy Easton of The Weiland Financial Group, Inc.,

+1-847-810-6108,

sales@weiland-wfg.com

Web site: www.weiland-wfg.com

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