Expand endorsements to include ComplianceOne® manager
Wolters Kluwer Financial Services announced today that it has deepened its long-term relationship with Community BancService Corporation, Inc., the services subsidiary of Community Bankers Association of Illinois. The endorsement of the company’s ComplianceOne® manager solution supports the organizations’ ongoing efforts in helping community banks reduce regulatory risk. It is an extension to a longstanding product and services endorsement agreement between the two organizations initiated in January 1988.
ComplianceOne® manager is a SaaS-based workflow tool that helps financial institutions automate their lending processes, generate critical reports expeditiously, and unify all lending processes under a single system to reduce regulatory risk.
“Wolters Kluwer Financial Services continues to be a leader in helping community banks navigate through the complexities of the financial regulatory environment,” said CBAI President Robert Wingert. “That support includes helping community banks automate, centralize and optimize their lending activities in ways that create greater efficiencies—and better value for their customers.”
The ComplianceOne manager functionality helps users identify top priorities during the lending lifecycle at any given moment, ensuring that each step in the documentation process is completed on time and in compliance with regulatory requirements.
“ComplianceOne manager helps community banks operate at optimal business levels by treating lending workflow processes as strategic assets—which directly contributes to overall enterprise performance,” said Pete Koehn, interim president of Wolters Kluwer Financial Services’ Risk, Originations and Compliance business. “It encourages better collaboration because lending officers, underwriters and loan processing staff all have access to the same information, providing them with better customer insights, faster response times, decreased cycle times and errors, and a heightened focus on the right customer-centric tasks.”
Information on ComplianceOne manager can be found at www.WoltersKluwerFS.com/ONE.
About Community Bankers Association of Illinois
Formed in 1974, Community Bankers Association of Illinois (CBAI) is the state’s largest banking trade
organization, exclusively representing nearly 400 Illinois financial institutions and 150 associate members. Based in Springfield, CBAI is dedicated to keeping community banks competitive for the benefit of its customers and the communities it serves through delivery of quality education, effective political representation, and essential products and services. For details, visit http://www.cbai.com.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.