Press
FI Compliance Solutions Experiences Record Growth Through First Half of 2012
Eric Strohl
FI Compliance Solutions
610-265-1002 ext. 100
estrohl@ficsas.com
KING OF PRUSSIA, PA. July 9, 2012 – FI Compliance Solutions, Inc. announced today that it has exceeded revenue and growth projections, adding 40 new clients for the first half of 2012. “The first half of 2012 has been great”, says Eric Strohl, President & CEO of FI Compliance Solutions. The transition from our initial product GRC Pro, developed in 2009 to ERM 365 has been nothing short of exceptional. With ERM 365, we delivered a completely customizable and scalable solution to help institutions of all sizes, assess and monitor enterprise risk with ease.
One of the company’s original clients, Gordon Wadsworth of Nevada Bank & Trust couldn’t agree more. “What impresses me most about the company is that they did not rest on their laurels. They continued to invest in product development, and have created an even better product with ERM 365.”
In addition to the new customer growth, the company was also able to transition over 30 existing GRC Pro customers to ERM 365 during the first half of the year. “Customers are loving it,” says Strohl. Gordon Wadsworth of Nevada Bank & Trust who made the transition to ERM 365 explains: “one of the best things about ERM 365 is its ease of use. It’s easy to train people how to use the tool, and keep our board informed through interactive dashboards that highlight our bank’s key areas of risk. And with the help of FI Compliance Solutions personnel, we were able to get up and running in just one week.”
“What excites us the most is the success our clients are having using ERM 365,” says Strohl. Gary Jendras, Vice‐President of Internal Audit with Bethpage Federal Credit Union explains: “With ERM 365, Bethpage no longer has to rely on annual risk reviews. Using ERM 365, Bethpage can now perform ongoing risk assessments and monitor key risk indicators with little manual intervention. The result is a much more expansive, yet intuitive, process for managing risk throughout all operational areas of the credit union.”
With Nevada Bank & Trust being $94M in assets and Bethpage at over $4.5B in assets, “ERM 365 can clearly support the risk management needs of any size institution” says Strohl. “Developing industry leading software is only one component of our success. The level of support and responsiveness to our clients’ needs is the real driving force behind what we do.” With our planned addition of new products and services along with the expansion into other vertical markets, the outlook for the second half of 2012 and beyond remains strong.
About FI Compliance Solutions, Inc.
FI Compliance Solutions, Inc. provides highly focused Risk Management and Compliance solutions designed specifically for community banks and credit unions. Headquartered in the Philadelphia area, FI Compliance Solutions serves banks and credit unions throughout the United States and Canada. For more information, visit www.ficsas.com or www.erm365.com