Wednesday, July 29, 2009
More Risk Enhancements!
We've added the ability to add notes and attach documents to risk assessments. This will provide greater flexibility for listing and tracking follow-up items from risk assessments. Also, we've added a listing of risk assessment histories to the assessment page.
Tuesday, July 28, 2009
Wedbush Bank Selects TriNovus
Wedbush Bank Selects TriNovus
For Vendor Management Solution
Companies Collaborate To Deliver Improved Product to the Marketplace
Birmingham, Ala., July 28, 2009 –TriNovus (www.trinovus.com ), a company focused on delivering relevant technology solutions to the marketplace, today announced that Wedbush Bank (www.wedbushbank.com ) has selected TriNovus to provide its vendor management services through the use of the company’s BankerVMS (www.bankervms.com) product. Wedbush Bank is an entrepreneur and business bank headquartered in Los Angeles offering a wide range of financial solutions tailored to corporate customers, executives and professionals.
TriNovus’ BankerVMS will enable Wedbush Bank to better manage its vendors throughout relationship lifecycles and will help Wedbush Bank to reduce costs, meet compliance guidelines, improve contract terms and increase the value yielded from each vendor.
One aspect of BankerVMS that initially attracted Radhika Dholakia, Wedbush Bank’s chief banking officer, to the product was the vendor management software’s compliance piece.
“Wedbush Bank is very committed to meeting regulatory requirements as per FFIEC guidance,” said Dholakia. “When management evaluated BankerVMS, the compliance piece was a huge factor in our decision to implement the product.”
After initially previewing BankerVMS, Dholakia worked with TriNovus’ chief information officer, Terry Ray to review risk elements, build a test environment and provide suggestions for a change in the compliance scale to help develop a more robust compliance piece.
“Radhika’s input was very valuable in helping us to strengthen the risk management module of BankerVMS,” said Ray. “We value our collaboration with her and the rest of the Wedbush staff and feel that our symbiotic relationship has resulted in TriNovus delivering an even stronger product to the marketplace.”
Dholakia added, “The strength and breadth of the BankerVMS solution will help each TriNovus client easily control and monitor vendor risk.”
TriNovus’ relationship with Wedbush Bank marks the company’s expansion to the west coast.
“BankerVMS fulfills a great need in the vendor management space,” said David Brasfield, chief executive officer of TriNovus. “Banks are always going to be concerned with saving money and ensuring that they are meeting compliance requirements. BankerVMS helps them to do both.”
About Wedbush Bank
With over $100 million in assets, Wedbush Bank is one of the upcoming entrepreneur and business banks headquartered in Los Angeles and offers a wide range of financial solutions tailored to corporate customers, executives and professionals. Wedbush Bank's strategy focuses on delivering high touch and high tech financial solutions including deposit and cash management services and commercial, small business, asset-based and real estate financing. Founded in 2008, Wedbush Bank is a subsidiary of Wedbush, Inc. and an affiliate of Wedbush Morgan Securities. Wedbush Bank can be found on the Web at www.wedbushbank.com.
About TriNovus
TriNovus LLC, 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 party relationships. For more information on TriNovus, visit 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
Contact: Monique Johnson, Wedbush Bank
Director of Marketing
(213) 688-4485 monique.johnson@wedbushbank.com
For Vendor Management Solution
Companies Collaborate To Deliver Improved Product to the Marketplace
Birmingham, Ala., July 28, 2009 –TriNovus (www.trinovus.com ), a company focused on delivering relevant technology solutions to the marketplace, today announced that Wedbush Bank (www.wedbushbank.com ) has selected TriNovus to provide its vendor management services through the use of the company’s BankerVMS (www.bankervms.com) product. Wedbush Bank is an entrepreneur and business bank headquartered in Los Angeles offering a wide range of financial solutions tailored to corporate customers, executives and professionals.
TriNovus’ BankerVMS will enable Wedbush Bank to better manage its vendors throughout relationship lifecycles and will help Wedbush Bank to reduce costs, meet compliance guidelines, improve contract terms and increase the value yielded from each vendor.
One aspect of BankerVMS that initially attracted Radhika Dholakia, Wedbush Bank’s chief banking officer, to the product was the vendor management software’s compliance piece.
“Wedbush Bank is very committed to meeting regulatory requirements as per FFIEC guidance,” said Dholakia. “When management evaluated BankerVMS, the compliance piece was a huge factor in our decision to implement the product.”
After initially previewing BankerVMS, Dholakia worked with TriNovus’ chief information officer, Terry Ray to review risk elements, build a test environment and provide suggestions for a change in the compliance scale to help develop a more robust compliance piece.
“Radhika’s input was very valuable in helping us to strengthen the risk management module of BankerVMS,” said Ray. “We value our collaboration with her and the rest of the Wedbush staff and feel that our symbiotic relationship has resulted in TriNovus delivering an even stronger product to the marketplace.”
Dholakia added, “The strength and breadth of the BankerVMS solution will help each TriNovus client easily control and monitor vendor risk.”
TriNovus’ relationship with Wedbush Bank marks the company’s expansion to the west coast.
“BankerVMS fulfills a great need in the vendor management space,” said David Brasfield, chief executive officer of TriNovus. “Banks are always going to be concerned with saving money and ensuring that they are meeting compliance requirements. BankerVMS helps them to do both.”
About Wedbush Bank
With over $100 million in assets, Wedbush Bank is one of the upcoming entrepreneur and business banks headquartered in Los Angeles and offers a wide range of financial solutions tailored to corporate customers, executives and professionals. Wedbush Bank's strategy focuses on delivering high touch and high tech financial solutions including deposit and cash management services and commercial, small business, asset-based and real estate financing. Founded in 2008, Wedbush Bank is a subsidiary of Wedbush, Inc. and an affiliate of Wedbush Morgan Securities. Wedbush Bank can be found on the Web at www.wedbushbank.com.
About TriNovus
TriNovus LLC, 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 party relationships. For more information on TriNovus, visit 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
Contact: Monique Johnson, Wedbush Bank
Director of Marketing
(213) 688-4485 monique.johnson@wedbushbank.com
New Security Roles
We've added three new roles to the system to help delineate the duties of vendor management: Contract Manager, Document Manager, and Risk Manager.
Thursday, July 16, 2009
New Addition to Vendor Software
The updated risk module includes a new 1- 5 scoring system based on FFIEC guidelines. Also, we've added a questionnaire feature to help evaluate the vendor's performance in each risk category.
Thursday, July 2, 2009
TriNovus Has Hired Two New Interns!
Paul Keith and Katie Brasfield are excited to learn the ins-and-outs of a growing business. Paul Keith is studying Finance at The University of Alabama, and Katie Brasfield is studying Computer Science at The University of Alabama at Birmingham. Not only are the interns gaining a valuable work experience, but they becoming familiar with the banking software industry.
Saturday, June 20, 2009
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.
###
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.
###
Tuesday, June 2, 2009
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.
Subscribe to:
Posts (Atom)
