TriNovus Signs Eight Banks To Vendor Management Solution

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

Birmingham, Ala., June 19, 2009 – After launching BankerVMS (www.bankervms.com) three short weeks ago, TriNovus (www.trinovus.com), a company focused on delivering relevant technology solutions to the marketplace, has signed eight banks to contracts for its vendor management solution. BankerVMS is designed to help banks manage vendors throughout the life cycle of the relationship. TriNovus believes that through proper vendor management banks can reduce costs, meet compliance guidelines, improve contract terms and increase the value yielded from each vendor.

Community banks signed to contracts for BankerVMS include six in Alabama, Southern States Bank, Anniston, Ala.; Farmers & Merchants Bank, Piedmont, Ala.; First Metro Bank, Muscle Shoals, Al a.; Central State Bank, Calera, Ala.; PrimeSouth Bank, Tallassee, Ala.; and Peoples Southern Bank, Clanton, Ala. Two banks signed in Mississippi are Merchants & Farmers Bank, Holly Springs, Miss.; and Bank of Jones County, Laurel Miss.

“BankerVMS will be a huge asset in helping us to organize the voluminous amount of information associated with all of the vendors that a community bank interacts with on a daily basis,” said Rodney Howard, president of First Metro Bank. “Being able to see a snapshot view of our monthly costs associated with each vendor as well as the risk level attributed and having the ability to easily produce reports to keep our board members up-to-date will be extremely beneficial to our operations here at First Metro.

“As a community bank any leg up we can get in today’s market when it comes to contract negotiations is a big plus for us,” said Mitt Schroeder, senior vice president of Central State Bank. “Plus with the increased attention by the regulatory agencies to banks’ third party relationships, having access to a tool that helps us to audit those relationships is very valuable,” he said.

David Brasfield, CEO of TriNovus, is pleased with the success of BankerVMS after being introduced to the marketplace for less than a month. “Community banks have been very responsive to what BankerVMS has to offer,” said Brasfield. “The product fills a void in the marketplace and is helpful on many different levels - from effectively managing information and assisting with compliance requirements to saving money on future contracts and providing the executives and board with an overall picture of the bank’s third party 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 is BankerMLS, a web-based application targeted to financial institutions, which enables them to obtain maximum exposure and value for their repossessed assets. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636.

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TriNovus Launches CreditUnionVMS

TriNovus (www.trinovus.com), a company focused on delivering relevant technology solutions to the marketplace, launched one of its latest product, CreditUnionVMS (www.creditunionvms.com), a vendor management solution designed to help credit unions manage vendors throughout the lifecycle of the relationship. Through proper vendor management, credit unions can reduce costs, meet compliance guidelines, improve contract terms and increase the value yielded from each vendor.

CreditUnionVMS is a central data repository for credit union vendor information and the business processes related to managing those vendors. Using a dashboard interface, CreditUnionVMS 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 credit union wanted to assess its spending with a particular vendor versus that of its peers, CreditUnionVMS provides the ability to compare fee ranges by product type and trends to the national average and to credit unions of a similar asset size.

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.

For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636.