Tech Bytes: CalFed to Offer Entrepreneurs Free Software

California Federal Bank has teamed up with Granville Publications Software, Los Angeles, to distribute Granville's Up Your Cash Flow software to small-business customers.

The software gathers data and builds financial planning models by guiding users through a series of questions. The goal is to help businesses plan and manage their cash flow.

"As a bank, we deal with people attempting to start and succeed with their own business ventures. We know that cash flow planning is one of the primary elements to their future successes," said Jim Haney, bank senior vice president at CalFed.

CalFed, which is distributing the software for free, is using the offer to reach out to its small-business customers.

"Banks have to find ways to differentiate themselves," said J.W. Lewis, vice president and product manager, business banking division at CalFed. "One way is to try to be a partner to a small business."

CalFed, which is merging with Glendale Federal Bank in Glendale, Calif., has $30 billion of assets.

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