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Strunk is best known for providing banks and credit unions with fee income improvement programs, including Overdraft Privilege, Rewards Checking and Value Checking. Most recently Stunk expanded their offering to assist community financial institutions with risk management and compliance processes using Strunk Risk Manger software.
Strunk offers six comprehensive, easy-to-use and affordable governance, risk management and compliance tools as part of the Risk Manger software:
1. Risk Assessor helps companies prepare comprehensive risk assessments consistent with regulatory or other requirements, in days, not weeks.
2. Policy Manager organizes all corporate policies into a single database, mapped to the relevant standards and control procedures.
3. Controls Manager schedules tests of policy compliance and tracks test results.
4. Vendor Manager is a specialized tool for managing vendor risk that standardizes risk assessment methodology and organizes all vendor related documentation.
5. Issues Manager is a centralized database for tracking all compliance issues and incidents across an entire organization.
6. Skills Manager provides online testing and training to ensure employees are knowledgeable about company policies.
According to Dan Roderick, CEO, “Strunk’s Risk Manager solution brings efficiency to the process and allows banks or credit unions to focus on their highest areas of risk. The solution is comprehensive but simple to use, which makes the Risk Manager software something ever banker will wish they had started using years ago.”
All the tools included in the Strunk Risk Manager software suite are securely and reliably hosted with Amazon AWS, making them available on a variety of devices from anywhere. The Risk Manager software facilitates remote work and will greatly enhance a financial institutions internal control and risk management processes, plus it saves time. All of the great risk management software features are included for one low annual fee.
Banks and credit unions that are paying another vendor an annual fee for any one of these tools should invest just 30 minutes to review the Strunk Risk Manager software suite. Strunk will add valuable services – and may be able to SAVE the financial institution money as well! Call (800) 728-3116 or contact Strunk online at StrunkAccess.com.
Release ID: 89031152