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Umpqua Bank Chooses WFG’s CAA Suite to Replace Core Analysis System
Bannockburn, IL, March 3, 2009 – Umpqua Bank has chosen The Weiland Financial Group’s (WFG) CAA™ Suite to replace the bank’s
current core analysis system.
Umpqua has outgrown its existing account analysis system. “We now offer a wider variety of treasury management services than our current
system can support. Also, winning the businesses that we compete for today requires a more flexible approach to pricing than is available in
our core analysis system,” explained Charles McNeilly, Treasury Management Product Manager. “Specifically, we need to be able to exception
price at the transaction level to be competitive plus we think CAA’s percent discount pricing will be an asset in profitably growing our
treasury management business.
CAA’s performance has exceeded expectations.” McNeilly continued. “We’ve discovered things about the reporting that we really love. The
waivers and discounts report is going to be very useful for management. Office Integrator is an absolute miracle, automated loading of data
into the system will eliminate manual data-entry errors that plague our current core analysis application.”
CAA™ will strengthen Umpqua Bank’s current core system, as a full function analysis, billing, and profitability system
for evaluating commercial accounts. The program is capable of handling all the reporting avenues entering the bank’s system, including
tracking and presenting balances on deposit, earnings allowances, and details regarding volume, price, and charges for each service.
Umpqua Bank is in the process of implementing CAAWeb and will initially be using it for internal review of statements before they are
sent to customers. In the future, Umpqua will provide electronic statements (“e-statements”) to customers—an environment-friendly “green”
solution that reduces paper consumption and mailing costs.
CAAWeb™ complements CAA by publishing commercial account analysis statements via Internet access. Account officers can
view account-level information or customer performance from any location to better serve their corporate clients. Ad hoc reports are easily
created using account analysis data.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, OR, is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has 150 locations between
Napa, CA and Bellevue, WA, along the Oregon and northern California Coast and in both central California and central Oregon. Umpqua Bank has
been recognized for its innovative customer experience and banking strategy by national publications including the Wall Street Journal, New
York Times, BusinessWeek, Fast Company and CNBC. The company has been recognized for the past three years in a row on FORTUNE magazine’s list
of the country’s “100 Best Companies To Work For.” Umpqua Holdings also owns retail brokerage subsidiary Strand, Atkinson, Williams & York
Inc., which has locations in Umpqua Bank stores and in dedicated offices throughout Oregon and southwest Washington. Umpqua Bank's Private
Client Services Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered
in Portland, OR. For more information, visit www.umpquabank.com.
About The Weiland Financial Group, Inc.
WFG specializes in financial account management solutions for the financial community and Fortune 1000 corporations. WFG systems have
streamlined financial account management and related practices. WFG offers a full range of web-based and client-server systems including
support, training, outsourcing, software as a service (SaaS), and consulting.
For more information, please call us at +1.847.735.0577.
© 2009 The Weiland Financial Group, Inc.
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