Truist Announces Grants Administration Partnership with Versaic

WASHINGTON, Feb. 11, 2013 /PRNewswire/ -- Truist, a leading provider of corporate philanthropy solutions, announced today their partnership with CSR program management provider, Versaic, to deliver a new grants administration service. This new partnership will allow Truist's client base to engage nonprofits across both employee matching gifts and traditional grants administration activities.

"Versaic offers the most advanced grants administration tools in the industry and they are the clear choice to simplify the management process for our clients," said William B. Horne, President and CEO of Truist. "Versaic's platform allows program managers to focus on the grants themselves, not on determining if the grants meet the companies' selection criteria. This partnership is a continuation of Truist's commitment to provide a well-rounded and valuable suite of services to the CSR professional."

The integration of Versaic's grant management capabilities into Truist's product suite enables clients to meet their complete set of CSR objectives through a single platform. The vast majority of Truist's clients have expressed a need for managing grant activity directly with charities. In partnering with Versaic, Truist has responded to user feedback and is providing corporate philanthropy managers with the capability to effectively administer interactions with nonprofits.

"Truist has a long and successful history of providing powerful and flexible solutions tailored to their clients' needs," said Burt Cummings, CEO of Versaic. "Our companies have very synergistic offerings that will provide customers a comprehensive, end to end solution for their giving programs. Together we will enable companies to be more efficient and effective in supporting their communities and employees across all their philanthropic programs."

The grants administration tools are available for immediate use by Truist's clients.

About Truist
Truist provides an industry-leading corporate philanthropy platform that enables companies to drive increases in giving, matching and volunteerism programs to measure a local or global return on philanthropic investing. Truist's experienced team supports businesses looking to manage, grow, and measure results from their CSR programs, improve the accuracy and speed in moving donor dollars, measure outcomes and save time on administrative tasks through advanced reporting and analytics.    Visit www.Truist.com to learn more. 

About Versaic
Versaic is the leading provider of online Corporate Social Responsibility (CSR) program management solutions.  Versaic combines proven best practices with innovative technology and affordable pricing to simplify processes and improve the ROI/ROO for clients.  Whether it's grants, sponsorship, donations or sustainability programs, Versaic's best-in-class solutions are easily combined and customized to provide companies of any size a comprehensive solution for managing their CSR programs.  Visit www.Versaic.com to learn more.

Media Contact:
Marissa Wolf on behalf of Truist
[email protected]
(646) 820-3830

SOURCE Truist