CMS Energy Chooses WISDOM's CFO Strategist Finance Software

WISDOM Technologies announced that CMS Energy Corporation signed an agreement to license CFO Strategist Finance. The Fortune 500 diversified energy company intends to use the software to optimize their treasury operations' short-term cash management.

CFO Strategist Finance is an advanced decision support tool that assists corporate treasury personnel in automating and optimizing short-term borrowing and investment strategies. Built on Artificial Intelligence technology, it is able to quickly analyze hundreds of scenarios and recommend the solution that maximizes return and minimizes cost over a specific time horizon.

"Our short-term debt portfolio is comprised of more than $1 billion spread out over several bank lines. We expect WISDOM's Finance product to help us better manage it by using our cash forecast, interest rates and treasury policy to recommend daily borrowing strategies. The software can provide a more thorough analysis than we have time to do currently. It is a powerful tool that will give our cash manager the opportunity to focus on more strategic work," said Jim Loewen, CMS Energy's Assistant Treasurer.

"A thirty-day data study that we conducted for CMS demonstrated the significant hard-dollar savings that CFO Strategist Finance will provide to them on an annual basis," said Angela Kennedy, CEO and co-founder of WISDOM Technologies. "We are excited about the role we will play in improving efficiencies within the treasury function at CMS Energy and look forward to working with their treasury management team toward that end."

CFO Strategist Finance is available immediately in North America for the Windows 98, Windows NT and Windows 2000 operating systems. For more information on the product, contact WISDOM Sales at 412-918-1000 or via e-mail at info@wisdomcorp.com.

WISDOM Technologies Corporation is headquartered in Pittsburgh, Pennsylvania, USA. The company's financial optimization software was developed out of a highly successful research project within the prestigious School of Computer Science at Carnegie Mellon University. The company sells its software directly and through strategic marketing partnerships with Citibank and SEI Investments. For more information on the company and its software, visit www.wisdomcorp.com.

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