Springhouse Digital Launches AuditBridge - Audit Management Made Simple
An integrated audit and risk management solution for financial institutions.
BIRMINGHAM, Ala., Sept. 7, 2017 /PRNewswire/ -- Springhouse Digital, LLC, a Birmingham-based software company founded by local fintech veterans, today announces the launch of AuditBridge. This software offers an integrated approach to reduce the cost and complexity of audit and risk management for financial institutions.
Financial institutions see the immediate value in AuditBridge because it allows them to better apply, monitor and test institutional controls. It is designed to streamline the workflow of risk assessments, internal audits, consultant audits and examinations. This central location for all audit related documents provides improved visibility of risk allocation, audit exceptions and overall compliance progress for banking executives, audit committees and the board of directors.
Terry Ray, CEO, Springhouse Digital commented: "Audit and risk management are consistent pain points for financial institutions. Our industry expertise and ideas for innovation in these areas led us to develop AuditBridge. We've built a solution that not only incorporates best practices, guidelines and workflow for internal auditors and risk managers, but it also allows them to work collaboratively with external consultants and examiners, while still maintaining the highest level of security and control over their data. Our goal is to reduce the overall cost of audit and risk management while improving the quality of the associated processes."
Springhouse Digital selected a small group of financial institutions to beta test AuditBridge. First Piedmont Federal in Gaffney, South Carolina is one of the first banks to become a client and user of the software, and they are already experiencing the benefits that it offers.
Jenny Phillips, AVP of Compliance and Core Systems Officer, First Piedmont Federal said: "When I began my search for an audit management product, I was looking for an easy to use, feature-packed software that included comprehensive audit checklists, risk assessments and audit scheduling. AuditBridge provides those features and much more. It saves us time and reduces our costs. I couldn't be happier."
About Springhouse Digital, LLC
Springhouse Digital, headquartered in Birmingham, AL, is a fintech startup founded by banking software experts with over 50 years of combined experience with a mission to deliver affordable, high-quality software solutions, such as AuditBridge and CommitteeLink, to US financial institutions. Springhouse Digital also offers premium services and is the sponsor of the rapidly growing networking platform for financial institution professionals, FiHub.com. Financial institutions that partner with Springhouse Digital can expect "best in industry" technology solutions that allow them to not only compete, but thrive.
About First Piedmont Federal
First Piedmont Federal, founded in December 1933, offers courteous service, trusted reliability and resourceful financial solutions including mortgages, savings accounts, checking accounts, retirement accounts, consumer and commercial loans, debit cards, investment services and a full-service insurance office. First Piedmont Federal has grown from a one branch bank to a full-service community bank with multiple locations serving several markets with the goal in mind to meet customers' needs through high quality financial products and services with a personal touch that is second to none.
SOURCE Springhouse Digital, LLC
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