MONETT, Mo., Jan. 26, 2016 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars® division announced today the addition of Relationship Profitability Management™ (RPM) and Commercial Lending Center™ to the Independent Community Bankers of America® (ICBA) Preferred Service Provider program.
Both solutions are highly relevant to the effectiveness of today's community banks. ProfitStars' RPM is an enterprise-wide customer and relationship profitability system. Using information from deposits, loans, transactions and fee-based products, it applies sophisticated business rules to determine accurate and timely profitability results. RPM enables community banks to generate and react to profitability information ranging from product and customer levels up to the organizational level, ultimately helping banks better contain costs and more effectively manage customer relationships.
ProfitStars' Commercial Lending Center offers community banks a convenient online loan application process and management cycle to attract more commercial and industrial borrowers. The bank-branded online portal allows borrowers to submit an application online, and offers a better workflow process which directs the customer to an appropriate loan product based on pre-defined criteria.
The $494 million-asset Blue Ridge Bank and Trust based in Independence, Mo., has already experienced the benefits of Commercial Lending Center. Yvonne Hall, a senior vice president at the bank, said, "We hit a homerun when finding this technology. This hosted portal enables our bank to accept commercial loan inquiries online 24/7, providing borrowers with a fast and helpful response. Commercial Lending Center applicants have come from both new and existing business customers."
Dan Clancy, ICBA executive vice president of services, said, "ICBA's newly expanded relationship with ProfitStars for its Relationship Profitability Management and Commercial Lending Center solutions brings additional resources to our members that positively impact their customer experience. These solutions provide ICBA community banks with tools to strengthen their overall profitability and strategically grow their portfolios."
Russ Bernthal, president of ProfitStars, added, "Automating processes from customer relationship analysis to loan applications is an easy and efficient way to boost business and improve a bank's bottom line. Our Relationship Profitability Management and Commercial Lending Center solutions are logical and beneficial additions to the ICBA Preferred Service Provider program. Thanks to third-party partnerships like this, ICBA member banks can have even easier access to these performance enhancing solutions, offering them a better competitive position in the new year."
Other ProfitStars services provided to ICBA member banks at exclusive discounted rates include: accounts receivable financing; small business lending; remote deposit capture; payment, mobile and web services; and security services.
The Independent Community Bankers of America®, the nation's voice for more than 6,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit www.icba.org.
As a diverse, global division of Jack Henry & Associates, Inc.® (JHA), ProfitStars® combines JHA's solid technology background with the latest breakthroughs in six performance-boosting solution groups – Financial Performance, Imaging, JHA Payment Solutions, Information Security & Risk Management, Retail Delivery, and Online & Mobile. Explore the power of ProfitStars-enhanced performance at www.profitstars.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its solutions serve almost 10,900 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community banks to multi-billion dollar institutions with information processing solutions. Symitar® is a leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com.
Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.
SOURCE Jack Henry & Associates, Inc.