Press Release

PRESS RELEASE
Contact: David Brasfield, TriNovus
(205) 991-5636

TriNovus Launches Vendor Management System For Financial Institutions

Birmingham, Ala., May 25, 2009 – TriNovus=0 A(www.trinovus.com), a company focused on delivering relevant technology solutions to the marketplace, today announced the launch of its latest product, BankerVMS (www.bankervms.com), a vendor management solution designed to help banks manage vendors throughout the lifecycle of the relationship. Through proper vendor management, banks can reduce costs, meet compliance guidelines, improve contract terms and increase the value yielded from each vendor.

BankerVMS is a central data repository for bank vendor information and the business processes related to managing those vendors. Using a dashboard interface, BankerVMS provides easy-to-interpret information on each vendor in the categories of contracts, risk, cost, documents outstanding and board information. For example, in the cost category, if a bank wanted to assess its spending with a particular vendor versus that of its peers, BankerVMS provides the ability to compare fee ranges by product type and trends to the national average and to banks of a similar asset size.

“Managing all of the vendors that contribute to the operations of a bank is too challenging of a process to do effectively with hard copies=2 0and file folders, said David Brasfield, CEO of TriNovus. “The amount of information is so voluminous that bankers can’t get a sense of the big picture without some sort of management tool. BankerVMS is that tool,” he said Brasfield added that as the FDIC increases its focus on banks’ third-party vendors, it is more pertinent than ever that the institutions have a solution in place to manage those relationships.

About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the marketplace. Its first product, BankerMLS (www.bankermls.com), is a web-based application targeted to financial institutions that enables them to obtain maximum exposure and value for their repossessed assets.

BankerVMS (www.bankervms.com) is a vendor relationship management system that provides financial institutions with an organized, efficient and compliant solution for managing third par ty relationships. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636.

Introducing BankerVMS

Today we launched our BankerVMS website. BankerVMS is a robust online application to help banks manager their vendors. Banks can easily add and update vendor contracts, evaluate risk assessment, cost comparison, collect documentation needed for audits, a dashboard to quickly oversee all your vendors and more.

We will gladly provide your bank with access to demostrate the ins and outs of BankerVMS. All you will need is a user name, password, and a few minutes to review how it works. A member of our sales team will be happy to help you with these items. To get started just email us from your bank's email account, click here.