MIDDLETOWN, PA (April 1, 2014) -- Sollievo, Mid-Atlantic Corporate FCU’s risk-management CUSO, and Strohl Risk Solutions, formerly FI Compliance Solutions, a provider of risk management services for financial institutions, have announced a new partnership. The agreement allows Sollievo to offer Strohl Risk Solutions’ ERM 365 software to its credit union clients.
“The partnership between Sollievo and Strohl Risk Solutions enables us to offer valuable, cost-effective, risk-management services to credit unions,” said Lori Gall, Sollievo’s president/CEO. “Combining our team’s nearly 90 years of experience with the power of ERM 365 means Sollievo clients will have the information they need to guide them toward success.”
Sollievo offers a full array of risk-management products and services, which include enterprise risk monitoring, vendor management, information security and business continuity.
ERM 365 is a web-based risk management application that allows institutions to monitor risk through interactive dashboards, email alerts and notifications. The modules included in the ERM software are Findings Manager, to manage exam and audit findings; ALLL/Troubled Loans, to perform and document allowance for loan and lease losses computations; Compliance, to keep up-to-date with regulatory changes; and Vendor Management, to track vendor requirements including risk ratings, contracts, expiration dates, incident reports, RFPs, and vendor due diligence. This complete package delivers an effective risk management solution that provides credit union management teams with timely information to successfully manage risk aligned with strategic and regulatory objectives.
“A crucial element to managing risk is getting information in a useful and timely fashion,” said Eric Strohl, president/CEO of Strohl Risk Solutions. “Partnering with Sollievo allows us to help more credit unions effectively monitor their risk.”
Interested credit unions may contact Sollievo at www.sollievo.com or call (855) 605-5664.
About Sollievo
Sollievo Group, LLC is a wholly owned CUSO of Mid-Atlantic Corporate Federal Credit Union located in Middletown, PA. Sollievo, an Italian word that means relief, offers a comprehensive collection of risk-management products and services to credit unions nationwide. Sollievo’s mission is to provide peace of mind and help meet compliance obligations and improve the overall risk posture of credit unions. Services include enterprise risk management, information security services, training, business continuity services, and more. For more information, please visit www.sollievo.com.
About Strohl Risk Solutions
Strohl Risk Solutions provides industry leading risk management software and services designed to help organizations reduce risk and lower the cost of regulatory compliance. Headquartered in the Philadelphia area, Strohl Risk Solutions serves banks and credit unions throughout the United States and Canada. For more information, visit www.erm365.com.