FI Compliance Solutions Releases New Risk Monitoring Solution ERM 365™

KING OF PRUSSIA, Pa., Jan. 10, 2012 /PRNewswire/ -- FI Compliance Solutions announced today the addition of a new risk monitoring solution, ERM 365™, to its product lineup. ERM 365 is designed to help banks and credit unions constantly monitor the health of their institution through an easy-to-use cloud-based software solution.

"Over the last year we spent countless hours talking to our clients, and conducting focus groups with non-customers to better understand how we can help solve their problems. The result was ERM 365 - Enterprise Risk Monitoring 365 days a year," says Eric Strohl, President & CEO of FI Compliance Solutions. "Institutions are frustrated with spread sheets, and the board of directors and senior management were looking for a solution to see the big picture without seeing all the details." ERM 365 delivers all that and more.

The Cooperative Bank of Cape Cod Vice-President and Compliance Officer Taryn Wilson, an early adopter of ERM 365, agrees: "While the pricing was certainly attractive, the demonstrated functionality sold us as it closely aligned with our current manual process. The board reporting feature with the heat map was an added sell as we don't currently have a good way to keep directors informed without providing the minutiae." 

ERM 365 will contain an expert developed library containing risk and compliance related rules, a risk monitor, automated alerts, notifications and more. As with all of FI Compliance Solutions offerings, unlimited implementation support, online training, and advisory services are included at no extra charge.    

"We are thrilled with the addition of ERM 365 to our product line. The response from our customers and focus groups has been extremely positive," says Strohl. "We look forward to the success ERM 365 will generate for our business and our clients. With a low entry price point and flexible contract terms, monitoring enterprise risk and compliance functions through ERM 365 will be easier than ever."

About FI Compliance Solutions, Inc.

FI Compliance Solutions, Inc. provides highly focused Governance, 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 http://www.ficsas.com.

Contact: Eric Strohl
FI Compliance Solutions
610-265-1002 ext. 100
[email protected]

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SOURCE FI Compliance Solutions, Inc.