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.
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