Stratman Solutions was developed in 1996 by a team of bankers who recognized the opportunities due to some inefficiencies in several banking practices. They realized that, despite the availability of numerous solutions in the fintech space, many banks still struggled with fulfilling compliance regulations and accommodating customers’ needs. Moreover, they realized that as bankers, they were better positioned to develop what they needed to grow and prosper. “Instead of waiting for an outside vendor to develop these solutions, they began driving them internally. As bankers, we fully understood the pain points and the desired results. “We know our customers and the industry processes better than any outside vendor does,” Joe Slavens, founder, and CEO of Stratman Solutions
Today, there are hundreds of financial institutions across the country that enjoy success from our vision. These banks range in asset sizes from under $100M to more than 15B.
Like you, they simply want to be competitive, profitable, complete control and to meet or exceed compliance requirements. The solution they use, Bank Sweep Manager (BSM®) and Collateralized Deposit Manager. (CDM®)
Bank Sweep Manager is a total turn-key solution allowing you to offer your commercial accounts an overnight repurchase agreement. We supply you with your sweep and safekeeping agreements and our Windows® based allocation/notification generating software. The high point here, NO INTEGRATION. No matter who’s core you are on, our software only requires a simple CSV file. If you want to touch the application daily, it takes six clicks of a mouse. OR you can let it run behind your firewalls automatically in the middle of the night. And best of all, we have been through Y2K, 2008-2009 and thousands of successful audits.
Collateralized Deposit Manager operates much like BSM®, only on a very different level. CDM® has endless flexibility options when it comes to managing the collateral you pledge for your municipal accounts. Like BSM®, there is no integration with your core, only a simple CSV file. CDM® give you the ability to over collateralize an account or pledge less than 100%, or perhaps it’s the use of a LOC and or specifying a particular security to a particular account. You will be thrilled how this solution makes the management of securities a breeze.
When you want to learn how to significantly improve your overnight repurchase agreements program or how easy pledging for public funds can be, then please reach out to us. We are bankers just like you and we are experts in these fields. You and your customers will be glad you did.