How University Medical Partners maximizes interest income
Ben Courtney (Director of Finance and Analytics) explains how Agicap’s AI-forward platform has transformed University Medical Partners’ cash flow management into a high-yield function. By automating data flows from multiple banking partners and categorizing transactions with precision, the group has successfully moved away from manual Excel reporting, allowing the finance team to shift focus from data entry to optimizing a multi-million dollar investment portfolio.
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Key takeaways
University Medical Partners (UMP) manages care for over one million patients annually through 275 clinicians and 40 clinics, creating a complex financial environment with tens of millions of dollars under management.
Prior to Agicap, the finance team relied on manual data extracts from Wells Fargo and Goldman Sachs, maintaining static Excel forecasts that offered limited visibility and were too time-consuming to support high-level strategic decisions.
The lack of accurate, real-time forecasting created a risk of being short for operational needs (payroll, AP), forcing the group to keep unnecessarily high balances in non-interest-bearing accounts.
By implementing Agicap, UMP has automated its reporting and categorization, gaining the confidence to minimize operating cash and maximize transfers to "HOPE", their long-term investment entity, thereby increasing interest income.
" Agicap really stood out for its customisable platform, its user-friendly layout of the platform, as well as its ability to quickly build connections with banking systems. And it being AI forward. So we've completely removed our Excel-based reporting. "
$160M
in revenue
2
entities
300+
employees
Customer’s history
University Medical Partners (UMP) is a multi-specialty community-based medical group headquartered in the San Francisco Bay Area. Partner of Stanford Medicine, the organization operates 40 clinics and employs a team of 300, including 275 clinicians. UMP provides essential healthcare services to approximately one million patients per year, balancing clinical excellence with a complex corporate structure.
Managing tens of millions of dollars, UMP has structured its treasury into a two-tier system: "UMP Operating" for day-to-day liquidity (payroll, accounts payable) and "HOPE", a dedicated investment entity. The strategic goal of the finance department is to optimize the flow between these two entities—ensuring operational liquidity while moving every available dollar into long-term assets to secure the group’s future financial health and enable CAPEX.
Customer’s needs
University Medical Partners required a transition from manual, static reporting to a dynamic, AI-powered treasury system capable of supporting their high-stakes investment strategy. The finance department identified several core needs:
Eliminate manual data extraction, labelling and consolidation from banking partners to save critical administrative time.
Increase the yield on excess cash by accurately segmenting immediate operational needs from cash available for the long-term investment portfolio (tens of millions of dollars invested).
Improve the reliability of rolling cash forecasts (short, medium, and long-term), which were previously managed in Excel.
Speed up the production of weekly reporting for executive management via automated and customized dashboards.
Solution
To modernize their finance operations, UMP partnered with Agicap to build an automated, multi-bank ecosystem that bridges the gap between banking data and General Ledger
Direct Banking Connectivity: Agicap established secure, automated connections with Wells Fargo and Goldman Sachs. This eliminated manual CSV exports, ensuring that daily transaction data and global cash positions flow into a single source of truth automatically.
AI-Powered Categorization & Forecasting: UMP utilized Agicap’s AI to automatically tag and categorize transactions based on GL logic. The team then built complex, KPI-driven rules to generate accurate 13-week and 12-month rolling forecasts that update automatically based on actual bank movements.
Advanced Dashboards & Reporting: Agicap consultants helped architect specialized dashboards that provide a consolidated view while maintaining a clear distinction between "Operating" cash and "HOPE" investment assets. This allows the CFO to conduct monthly cash reviews directly within the platform.
Main benefits achieved:
85% Reduction in Categorization Time: What previously required 2 hours of manual effort per month now takes only 10 to 15 minutes thanks to AI automation.
Enhanced Yield on Cash: High-fidelity forecasting allows UMP to operate with leaner liquidity buffers, safely transferring larger sums to their investment portfolio to capture higher returns.
4+ Hours Saved Monthly on Reporting: Automated dashboards have replaced manual deck preparation for the CFO, saving the Director of Finance half a day of work every month.
" So Agicap is really helping us to take all of our treasury functions to the next level. "
Conclusion
The digital transformation of University Medical Partners’ treasury through Agicap has established a scalable financial foundation for the group's long-term expansion.
By replacing labor-intensive Excel processes with AI-driven automation and real-time banking connectivity, the finance team has successfully elevated its role from data administration to strategic capital allocation.
With newfound visibility and forecasting confidence, UMP is now equipped to maximize its investment portfolio's growth while ensuring seamless operational liquidity across its 40-clinic network. This transition enables the finance department to act as a value-creation engine, making sure every dollar is optimally deployed to support UMP's mission of providing premier clinical care.
Other testimonials of interest
White Rabbit Projects
Business Sector:
Accommodation and catering
Where:
London, United Kingdom
