SEI Corp. has introduced a product designed to help banks' corporate clients better manage their short-term cash.

The product, dubbed the SEI Cash Strategies Program, determines a company's cash flow needs and automatically invests the money to maximize liquidity and return.

"Corporate treasurers have very little time to spend on their short-term cash and this program gives them a good feel for how their cash flows would play out over a 12-month horizon," said Dennis McGonigle, a SEI senior vice president.

Initially, Mr. McGonigle said, SEI plans to introduce the product through 16 banks that are currently marketing the Wayne, Pa.-based company's cash sweep product.

The company's liquidity management group, which Mr. McGonigle heads, has more than $16 billion of assets in short-term investments for more than 400 banks, trust companies, and institutional investors.

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