Financial Management Solutions, Inc. Adds Nine Institutions to its Client Portfolio.Business Editors Institutions from Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. to California subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; FMSI's services Financial Management Solutions, Inc. (FMSI FMSI Sons of Mary, Health of the Sick (religious order) FMSI Force Management System Interface ) announced today that the company has added nine new Teller Management System(TM) (TMS TMS Transcranial Magnetic Stimulation (alternative medicine for depression) TMS Test Match Special (sports - cricket) TMS Texas Motor Speedway TMS Transportation Management System TMS Toyota Motor Sales ) clients to its roster, as well as two new Resource Management System (RMS) clients between January 1 and June 30, 2002. TMS and RMS were developed by FMSI to help financial institutions manage the most labor-intensive area of any branch - the teller line. FMSI's new clients span the country, and range in asset size from $304 million to more than $2.3 billion and operate between five- and 22-branch networks. Those institutions that have contracted to receive FMSI's monthly TMS benchmark reports include Riverside County's Credit Union, Riverside, Calif.; Community National Bank, Escondido, Calif.; Fidelity Bank, Pittsburgh; Finance Center Federal Credit Union, Indianapolis, In.; Citizens Equity First Credit Union Citizens Equity First Credit Union (usually called CEFCU) is a credit union based in Peoria, Illinois. CEFCU was founded in 1937 to serve the employees of Caterpillar Tractor Company. , Peoria, Ill.; Bank of Newport, Newport, R.I.; Travis Credit Union, Vacaville, Calif.; Wescom Credit Union Wescom Credit Union is a credit union and financial services company serving Southern California. It has over $3.8 billion in assets and more than 295,000 members[1]. , Pasadena, Calif.; and 1st United Services Credit Union, Pleasanton, Calif. In addition to receiving monthly TMS reports, both Fidelity Bank and Bank of Newport have also signed contracts to use FMSI's RMS Web-based program to create actual schedules based on forecasted transaction volumes and staff availability. "Each of the institutions we've signed up has a keen understanding that tracking teller performance and measuring productivity and costs are key elements to successfully managing the branch's staffing resources," said W. Michael Scott, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of FMSI. "In order to improve branch teller line operations, management must know its current output and make goals based on business needs. From that point, it is then up to management to drive that change and make those performance improvements happen." About Financial Management Solutions, Inc. Financial Management Solutions, Inc., founded in 1990, is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. in Atlanta, Ga. The firm provides banks and credit unions with performance management information through its products The Teller Management System(TM) (TMS) and The Resource Management System(TM) (RMS). TMS provides institutions with productivity and labor cost analysis, as well as recommended teller schedules to help the branches and institution as a whole achieve maximum cost effectiveness. RMS gives managers an Internet-based software tool to easily match available personnel with recommended schedules, which not only simplifies the scheduling process, but also creates schedules that follow recommendations set forth by TMS. FMSI works with financial institutions of all sizes throughout the United States, including Denali Alaskan FCU FCU Federal Credit Union FCU Florida Credit Union FCU Fan Coil Unit FCU Fuel Control Unit FCU Flight Control Unit FCU Flexor Carpi Ulnaris FCU Familial Cold Urticaria FCU Fire Control Unit FCU Fused Connection Unit FCU Flow Control Unit , Redstone FCU, Citrus & Chemical Bank, Fidelity Federal Bank and Union Planters Corporation. For more information about FMSI or its products, contact the company at (877) 887-3022 or visit the company's Web site at www.fmsi.com. |
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