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.
1. PRESS RELEASE
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
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.
2. “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
3. 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.
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