AFS Maximizes Earning Assets at Additional Banks.Business Editors EXTON, Pa.--(BUSINESS WIRE)--Jan. 31, 2002 Automated Financial Systems, AFS A distributed file system for large, widely dispersed Unix and Windows networks from Transarc Corporation, now part of IBM. It is noted for its ease of administration and expandability and stems from Carnegie-Mellon's Andrew File System. AFS - Andrew File System , a leading financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. provider to the top banks in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , announced today that it has entered into agreements with several more major banks to maximize earning assets Earning Assets Any income-earning asset owned by a company. Notes: These assets are generally interest-bearing accounts, bonds, and securities available for sale. See also: Asset, Asset Valuation, Earnings, Net Interest Margin on their balance sheets. Comerica Inc. headquartered in Detroit; Bank of Oklahoma, Tulsa; and Union Planters Corporation of Memphis will implement AFS initiatives to improve the efficiency of the flow of funds Flow of funds In the context of municipal bonds, refers to the statement displaying the priorities by which municipal revenue will be applied to the debt. In the context of mutual funds, refers to the movement of money into or out of a mutual funds or between or among through their respective organizations, resulting in decreased costs and increased revenues. Through its e-business model, AFSCommerce(TM), AFS provides balance sheet management efficiencies to increase earning assets through effective product management. Web-based browser delivery enables financial services organizations effectively to outsource product management for their lending, depository and treasury management services. The offering enables clients to have ongoing access to the depth, experience, systems, and competitive intelligence of AFS' premier balance sheet management resources without developing and sustaining internal infrastructure. At Comerica, for example, AFS is creating value by identifying efficiencies in the Bank's Texas and Michigan payments processing locations and assisting in their implementation; while at Bank of Oklahoma the firm is engaged in ongoing review of the Bank's Tulsa and Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm payments activities to identify cost reduction opportunities. Union Planters has outsourced most aspects of non-earning asset management to AFS, which provides ongoing evaluation and advisement Deliberation; consultation. A court takes a case under advisement after it has heard the arguments made by the counsel of opposing sides in the lawsuit but before it renders its decision. ADVISEMENT. to optimize the Bank's earning assets. AFS creates informational scorecards for its clients to assess business trends and support management decision processes, as well as to measure the financial benefit to the organization of AFS' work. "Banks want to partner with AFS because we can offer them a turnkey solution that immediately creates value and continuously delivers change management," said John Shain, president of AFS. "Our ability to manage asset and liability creation processes, flow of funds efficiencies, and information delivery via the Web provides unparalleled ability to manage the balance sheet and associated client performance." About AFS Automated Financial Systems provides asset and liability products and services as an Application Service Provider (ASP) delivery through its e-business model called AFSCommerce. With more than 32 years of experience in delivering financial services software, AFS is the industry leader in the execution of lending and treasury management solutions for top-tier financial institutions. Over $1 trillion in loans are currently processed on AFS' systems. The firm is headquartered in Exton, Pennsylvania Exton is a census-designated place (CDP) in West Whiteland Township, Chester County, Pennsylvania, United States. The population was 4,267 at the 2000 census. The Exton Square Mall is located within Exton. Transportation Exton lies at the intersection of the U.S. . For more information go to http://www.afsvision.com. |
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