companies have expanded their strategic relationship with a more comprehensive agreement. Open Solutions' banking and credit union clients will gain additional access to IBS' flexible and robust collection and recovery solutions. Open Solutions is a leading provider of integrated enabling technologies for financial service providers throughout the United States, Canada and other international markets. IBS is the premiere provider of debt management solutions to the financial industry. More than 65 Open Solutions clients are taking advantage of the partnership with IBS.
systems and IBS' Real Time module. The integration between Open Solutions' The Complete Banking Solution(R): DNA (TCBS: DNA), The Complete Credit Union Solution(R): DNA (TCCUS: DNA) and TotalPlus(R) with IBS' Real Time module supplements the extensive batch feed with live payment, account status and expanded debtor and account information.
"Our long-standing partnership with IBS continues to bring value to our clients. We are pleased to be able to expand on our working relationship and provide our clients with the innovative products and services IBS offers," said Ron Young, VP, Product Strategy & Management, Open Solutions. "In these tough economic times, IBS' line of products will help our clients better respond to the often-overlooked collections and recovery function within their organizations. IBS' leading products complements our technologies and our desire to serve our clients."
"Finding the right partner is an important key to long term success," says IBS' President and Cofounder Rob Daley. "Today's market seems to have an enormous array of varying 'relationships,' a term used very loosely. I am so pleased to expand our re-seller agreement with Open Solutions authorizing their sales teams to have full sales roles with our solutions. This deepens our mutual commitment to quality solutions to our market place."
COLLECTION AND ASSET RECOVERY MANAGER -- PROFESSIONAL(TM) (CARM-Pro(TM)) is a desktop or browser based, host-interactive collection and special asset recovery system designed to streamline the complex delinquency collection and management process, integrating financial management for special assets, and allowing management to maintain compliance with internal and external policies and procedures relative to the collections and recovery process. It can operate at the financial institution, in a holding company or in a data center environment.
directly and 330 via its dealer channel) in 46 states and the District of Columbia. Open Solutions and IBS share more than 100 mutual clients. Privately held, IBS always has been and remains exclusively dedicated to enhancing and growing its software's functionality for credit professionals at financial institutions.
integrates core data processing applications built on a single, centralized Oracle relational database with Internet banking, cash management, CRM/business intelligence, financial accounting and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, technology services, HSAs, payments and loan origination solutions.
client affinity, community presence and personalized service.
by e-mail at mgoldwasser@opensolutions.com, by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions' Internet site at www.opensolutions.com.
trademarks of their respective owners. Copyright 2008. Open Solutions Inc. All rights reserved.
Editor's Note: The correct usage of the company name, Open Solutions Inc., is either referring to it as Open Solutions Inc. or Open Solutions. Open Solutions no longer uses the acronym of OSI to refer to the company.
Media Contact for Open Solutions Inc.