WISDOM Announces CFO Strategist Finance, Cash Management SW

WISDOM Technologies announced the release of CFO Strategist Finance V3.0. The product is an automated decision support tool that corporate treasury personnel can use to optimize short-term borrowing and investment decisions.

On a daily basis, corporate treasurers must assess the financial situation of the company, analyze possible investment or debt scenarios and choose the best set of transactions to ensure the right amount of cash is on-hand. The challenge comes in being able to quickly analyze an extensive range of possibilities and recommend the best course of action to minimize borrowing cost or maximize investment return.

"CFO Strategist Finance is built on Artificial Intelligence technology, so it's able to analyze hundreds of scenarios in a matter of minutes and recommend the optimal solution," said Angela Kennedy, CEO and co-founder of WISDOM Technologies. "Using our product, a customer can experience an annual benefit of 10-65 basis points to their total short-term debt or investment portfolio. In a data study recently performed for a large utility company, the product delivered over $400,000 in savings from decreased borrowing expense."

A number of companies including Pittsburgh-based Allegheny Technologies, Incorporated (ATI) are using the product. ATI vice president and Treasurer Robert S. Park said, "CFO Strategist Finance improves the cash management process by quickly calculating far more daily short-term debt and investment strategies than can be done manually. Using the cash forecast and treasury policy as guides, it generates an optimal solution that can benefit the total portfolio's performance -- either by minimizing interest expense or maximizing investment income."

New features in Version 3.0 include a completely redesigned process-based Graphical User Interface (GUI) for improved ease-of-use, an expanded treasury policy function that allows the user to set maturity limits and model more complex credit agreements, and an enhanced optimization algorithm that enables the product to review investment and debt scenarios more quickly.

In addition, Citibank recently announced the signing of a marketing agreement to partner with WISDOM. "This new partnership will join the strength of WISDOM's powerful Artificial Intelligence-based application with the unmatched geographical presence and breadth of investment and funding options offered by Citibank," said Diane S. Reyes, head of Citibank e-Business products in North America.

CFO Strategist Finance is available immediately in North America for the Windows 98 and Windows NT operating systems. For more information on the product, contact WISDOM Sales at 412-918-1000.

WISDOM Technologies Corporation was founded in 1996 and is headquartered in Pittsburgh, Pennsylvania, USA. The company's financial optimization software developed out of a highly successful research project within the prestigious School of Computer Science at Carnegie Mellon University. The project applied research in the areas of Artificial Intelligence, knowledge engineering and software engineering to the problem of financial decision-making. For more information on the company and its software, visit www.wisdomcorp.com.

Contact WISDOM Technologies, Alison Frederick, 412-918-1000 x1036.