LAKE BLUFF, Ill. -- The Weiland Financial Group, Inc. (WFG) introduces Federal Reserve Manager(tm), an application designed to verify charges incurred by the Federal Reserve Bank, as well as manage correspondent banking relationships.
The new software captures service related information contained in the FRB billing summary statement, also known as the AL02 file. Federal Reserve Manager(tm) then reports on individual summary charges by location, paying particular attention to variance in charges, volume, usage, and prices. This feature makes it possible for banks to verify charges incurred by the FRB based on previous bank submissions.
"Federal Reserve Manager(tm) will enable banks to track service and volume changes over time, making it possible to create trend reports on federal services on a 'per office' basis," said President and CEO Patricia Weiland.
The Weiland Financial Group Inc. (WFG) specializes in client-server and browser-based account analysis solutions for the financial community and Fortune 1000 corporations. Instrumental in popularizing the use of electronic statements, WFG systems have streamlined account analysis and related application practices. WFG offers a full range of account analysis solutions including support, training, outsourcing, consulting, and installed applications.