PRESS RELEASE
Contact: David Brasfield, TriNovus
(205) 991-5636 david.brasfield@trinovus.com
TriNovus Announces Expansion of Vendor Management Product to Broader Market
Capitalizing of the success of its BankerVMS vendor management solution in the financial sector, TriNovus launches VendorVault for businesses and municipalities.
Birmingham, Ala., February 4, 2010 – TriNovus (www.trinovus.com), a company focused on delivering relevant technology solutions to the marketplace, announced today the launch of VendorVault (www.myvendorvault.com), a vendor management system targeted to businesses, municipalities, and hospitals to assist with the management of long term vendor contracts. VendorVault is a spinoff of TriNovus’ BankerVMS application that financial institutions use to manage their vendors.
“We had inquiries from numerous non-banking organizations about our vendor management solution,” said David Brasfield, president and CEO of TriNovus. “After conducting research we found that that a vendor management solution of this kind was lacking in other industries and worked to create VendorVault to meet the needs of organizations outside the financial industry.”
VendorVault is a central data repository for vendor information and the business processes associated with them. It assists in managing vendors throughout the lifecycle of the relationship and can reduce costs, improve contract terms, and save time and effort. Key features of VendorVault include web-based tracking of contracts and documents viewable from any computer; the ability for management teams or government personnel to easily collaborate on documents and create reports on vendors; vendor cost analysis management and the ability to compare costs to what other organizations are paying; and email ticklers on contract renewal status. Additionally, VendorVault enables a business to keep an offsite backup of critical vendor contacts and contracts.
Vendor contracts and other pertinent information are centralized, organized and analyzed by the VendorVault system. Municipalities and business in industries that have numerous vendor relationships and long term contracts will realize the most results from utilizing VendorVault.
About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the marketplace. In addition to VendorVault, its products targeted to the financial industry include: BankRisk – a comprehensive stress test and risk management solution; BankerMLS (www.bankermls.com) - a web-based application that enables financial institutions to obtain maximum exposure and value for repossessed assets; BankerVMS (www.bankervms.com) - a vendor relationship management system.
For more information on VendorVault visit www.myvendorvault.com. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.
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Thursday, February 4, 2010
Tuesday, December 1, 2009
TriNovus Launches Stress Testing Solution For Community Financial Institutions
PRESS RELEASE
Contact: David Brasfield, TriNovus
(205) 991-5636 david.brasfield@trinovus.com
TriNovus Launches Stress Testing Solution For Community Financial Institutions
BankRisk Predicts Loan Portfolio Health Based On Adverse Economic Conditions
Birmingham, Ala., December 1, 2009 – TriNovus (http://www.trinovus.com/), a company focused on delivering relevant technology solutions to the financial marketplace, announced today the launch of BankRisk, a comprehensive stress test and risk management solution that proactively evaluates the effects of adverse economic conditions on a bank’s comprehensive loan portfolio.
TriNovus developed BankRisk as a tool for banks to utilize partly in response to the federal banking regulators’ concerns about community banks’ increased participation in commercial real-estate lending. Stress testing enables a bank to project future portfolio strengths and weaknesses based on hypothetical conditions that are imposed on the institution’s loan data. It quantifies the effect of adverse economic conditions and identifies problem areas for the bank in advance.
“BankRisk from TriNovus is a robust stress testing and risk management tool that every financial institution should implement,” said Dr. Tim Yeager, an associate finance professor at the University of Arkansas and the Arkansas Bankers Association Chair. Yeager, who was also an economist at the Federal Reserve Bank of St. Louis, and whose research lead him to develop a model for stress testing, consulted with TriNovus on the development of BankRisk.
Along with predicting the effect of potential adverse economic conditions on the loan portfolio, BankRisk will apprise banks of inherent risk exposure and allow the management team to effectively evaluate capital and liquidity needs while satisfying regulatory requirements.
“BankRisk fulfills a bank’s stress testing needs from start to finish,” said David Brasfield, chief executive officer of TriNovus. “BankRisk will use the bank's data to provide an in-depth quarterly analysis of the health of the loan portfolio under various economic conditions. The graphical reports are easy to interpret and provide the board and senior management team with the tools that they need to make the best decisions for the bank going forward,” Brasfield said.
Additional benefits of BankRisk include the ability to detect areas of high-risk loan concentrations and reduce exposure, make better-informed lending and refinancing decisions, and prepare more effectively for regulatory scrutiny.
“Today’s economic conditions are not tomorrow’s,” said Yeager. “BankRisk can help to offset the uncertainty of the future by providing the data needed to be best prepared.”
About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the financial marketplace. In addition to BankRisk, its products include:
BankerMLS (http://www.bankermls.com/) - a web-based application that enables financial institutions to obtain maximum exposure and value for repossessed assets.
BankerVMS (http://www.bankervms.com/) - a vendor relationship management system that provides financial institutions with an organized, efficient and compliant solution for managing third party relationships.
For more information on TriNovus, visit http://www.trinovus.com/ or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.
###
Contact: David Brasfield, TriNovus
(205) 991-5636 david.brasfield@trinovus.com
TriNovus Launches Stress Testing Solution For Community Financial Institutions
BankRisk Predicts Loan Portfolio Health Based On Adverse Economic Conditions
Birmingham, Ala., December 1, 2009 – TriNovus (http://www.trinovus.com/), a company focused on delivering relevant technology solutions to the financial marketplace, announced today the launch of BankRisk, a comprehensive stress test and risk management solution that proactively evaluates the effects of adverse economic conditions on a bank’s comprehensive loan portfolio.
TriNovus developed BankRisk as a tool for banks to utilize partly in response to the federal banking regulators’ concerns about community banks’ increased participation in commercial real-estate lending. Stress testing enables a bank to project future portfolio strengths and weaknesses based on hypothetical conditions that are imposed on the institution’s loan data. It quantifies the effect of adverse economic conditions and identifies problem areas for the bank in advance.
“BankRisk from TriNovus is a robust stress testing and risk management tool that every financial institution should implement,” said Dr. Tim Yeager, an associate finance professor at the University of Arkansas and the Arkansas Bankers Association Chair. Yeager, who was also an economist at the Federal Reserve Bank of St. Louis, and whose research lead him to develop a model for stress testing, consulted with TriNovus on the development of BankRisk.
Along with predicting the effect of potential adverse economic conditions on the loan portfolio, BankRisk will apprise banks of inherent risk exposure and allow the management team to effectively evaluate capital and liquidity needs while satisfying regulatory requirements.
“BankRisk fulfills a bank’s stress testing needs from start to finish,” said David Brasfield, chief executive officer of TriNovus. “BankRisk will use the bank's data to provide an in-depth quarterly analysis of the health of the loan portfolio under various economic conditions. The graphical reports are easy to interpret and provide the board and senior management team with the tools that they need to make the best decisions for the bank going forward,” Brasfield said.
Additional benefits of BankRisk include the ability to detect areas of high-risk loan concentrations and reduce exposure, make better-informed lending and refinancing decisions, and prepare more effectively for regulatory scrutiny.
“Today’s economic conditions are not tomorrow’s,” said Yeager. “BankRisk can help to offset the uncertainty of the future by providing the data needed to be best prepared.”
About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the financial marketplace. In addition to BankRisk, its products include:
BankerMLS (http://www.bankermls.com/) - a web-based application that enables financial institutions to obtain maximum exposure and value for repossessed assets.
BankerVMS (http://www.bankervms.com/) - a vendor relationship management system that provides financial institutions with an organized, efficient and compliant solution for managing third party relationships.
For more information on TriNovus, visit http://www.trinovus.com/ or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.
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Wednesday, October 21, 2009
David Brasfield of TriNovus presentation on Social Media
TriNovus CEO David Brasfield will be speaking at a seminar on Monday, October 26, 2009. David will discuss how TriNovus has utilized social media for public relations, marketing materials, business development and turning leads into customers. For more information and to sign up to attend, please click here:
http://www.corsini.com/Events/02-Social_Media/index.html
http://www.corsini.com/Events/02-Social_Media/index.html
Wednesday, October 7, 2009
TriNovus presents at Saltmarsh Seminar
TriNovus' David Brasfield will be speaking on October 8th 2009 at a seminar sponsored by Saltmarsh, Cleaveland and Gund, CPAs and Consultants. David's speech will focus on trends in the financial services industry including issues surrounding vendor management.
Friday, September 25, 2009
BankerMLS New Enhancements
In the past couple of months, we've added thousands of new foreclosures to the site. Also, we've made several enhancements to the system:
Search Engine Optimization (SEO)
We've utilized methods to publish our site indexes at Google, Yahoo and MSN to improve search performance (over 3000 URLs have been submitted). Also, we've added "breadcrumb trails" for navigating through the site geographically and we've improved our use of keywords throughout the site. All of these steps will increase our performance on search engines as these engines index our new listings.
RSS Data Feeds
You can now "subscribe" to listings in any state by clicking on the RSS icon or the Subscribe link on the home page. This will allows users to follow new properties more easily in their areas.
Twitter Integration
Now, every time you add a new listing to the system, we "tweet" a message on Twitter which links back to the listing. You can follow us on Twitter by using this link: http://twitter.com/BankerMLS
Virtual Tour Links
We've added a field to the Property records to allow you to plug in a link to the Virtual Tour for the property. Any valid URL can be plugged into this field. This will provide viewers and investors with a link on the property detail page that says "Virtual Tour
Search Engine Optimization (SEO)
We've utilized methods to publish our site indexes at Google, Yahoo and MSN to improve search performance (over 3000 URLs have been submitted). Also, we've added "breadcrumb trails" for navigating through the site geographically and we've improved our use of keywords throughout the site. All of these steps will increase our performance on search engines as these engines index our new listings.
RSS Data Feeds
You can now "subscribe" to listings in any state by clicking on the RSS icon or the Subscribe link on the home page. This will allows users to follow new properties more easily in their areas.
Twitter Integration
Now, every time you add a new listing to the system, we "tweet" a message on Twitter which links back to the listing. You can follow us on Twitter by using this link: http://twitter.com/BankerMLS
Virtual Tour Links
We've added a field to the Property records to allow you to plug in a link to the Virtual Tour for the property. Any valid URL can be plugged into this field. This will provide viewers and investors with a link on the property detail page that says "Virtual Tour
Wednesday, September 23, 2009
BankerMLS Adds Thousands of Properties To Bank Direct Foreclosure Website
PRESS RELEASE
Contact: David Brasfield, TriNovus
(205) 991-5636
BankerMLS Adds Thousands of Properties To Bank Direct Foreclosure Website
New Additions Expand Website Footprint to 30+ States
Birmingham, Ala., September 23, 2009 – BankerMLS (www.bankermls.com), a web-based application designed to enable financial institutions to obtain maximum exposure and value for repossessed assets and to provide consumers with access to foreclosed properties direct from said financial institutions, today announced that it has added thousands of new foreclosed properties to its website. The new additions expand the BankerMLS footprint to 30 plus states and are a result of new contracts with several financial institutions.
“With BankerMLS, foreclosed property information becomes available to the public in the most expedient way”, said Brasfield. “The banks update BankerMLS themselves, meaning as soon as they have foreclosed properties available, they can immediately list them on BankerMLS.com.”
Brasfield went on to say that with BankerMLS, there is no courthouse retrieval lag time – every property is real time and the information is accurate because it is coming directly from the source.
Brasfield added, “With listings found on BankerMLS.com, you KNOW the seller is motivated.”
BankerMLS has also added a new feature where consumers can subscribe to a state specific RSS feed so they can be the first to know of new property listings in particular states of interest.
With foreclosure rates at continued record highs, Brasfield and the creators behind BankerMLS believe in the power of their solution to help banks to obtain relief from burdensome foreclosures while at the same time exposing consumers to quality real estate at a good price.
Contact: David Brasfield, TriNovus
(205) 991-5636
BankerMLS Adds Thousands of Properties To Bank Direct Foreclosure Website
New Additions Expand Website Footprint to 30+ States
Birmingham, Ala., September 23, 2009 – BankerMLS (www.bankermls.com), a web-based application designed to enable financial institutions to obtain maximum exposure and value for repossessed assets and to provide consumers with access to foreclosed properties direct from said financial institutions, today announced that it has added thousands of new foreclosed properties to its website. The new additions expand the BankerMLS footprint to 30 plus states and are a result of new contracts with several financial institutions.
David Brasfield, CEO of TriNovus, the company that developed BankerMLS, says they have seen a huge increase in website traffic recently and believes that it is due to the unique way that BankerMLS provides foreclosure information to the public.
“With BankerMLS, foreclosed property information becomes available to the public in the most expedient way”, said Brasfield. “The banks update BankerMLS themselves, meaning as soon as they have foreclosed properties available, they can immediately list them on BankerMLS.com.”
Brasfield went on to say that with BankerMLS, there is no courthouse retrieval lag time – every property is real time and the information is accurate because it is coming directly from the source.
Brasfield added, “With listings found on BankerMLS.com, you KNOW the seller is motivated.”
BankerMLS has also added a new feature where consumers can subscribe to a state specific RSS feed so they can be the first to know of new property listings in particular states of interest.
With foreclosure rates at continued record highs, Brasfield and the creators behind BankerMLS believe in the power of their solution to help banks to obtain relief from burdensome foreclosures while at the same time exposing consumers to quality real estate at a good price.
About BankerMLS
BankerMLS is a web-based application targeted to financial institutions that allows them to obtain maximum exposure and value for repossessed assets. BankerMLS is a product of TriNovus (www.trinovus.com), a Birmingham, Ala.-based company founded with the goal of delivering relevant technology solutions to the marketplace. TriNovus also offers a vendor management solution for banks, BankerVMS (www.bankervms.com) For more information on the BankerMLS product visit www.bankermls.com or contact David Brasfield at 205.991.5636.
BankerMLS is a web-based application targeted to financial institutions that allows them to obtain maximum exposure and value for repossessed assets. BankerMLS is a product of TriNovus (www.trinovus.com), a Birmingham, Ala.-based company founded with the goal of delivering relevant technology solutions to the marketplace. TriNovus also offers a vendor management solution for banks, BankerVMS (www.bankervms.com) For more information on the BankerMLS product visit www.bankermls.com or contact David Brasfield at 205.991.5636.
Thursday, August 6, 2009
Vendor Risk Category
In order to further help with risk management, we've provided the ability to categorize vendors based on their risk level: Mission Critical, Major, or Non-Critical. This designation may be made either when adding a new vendor record or by editing an existing vendor record.
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