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Teres Solutions Reaches 200th Customer Milestone
AUSTIN, Texas – April 20, 2009
Teres Solutions, Inc., one of the top providers of direct, indirect and merchant lending software to credit unions and financial institutions, today announced that its SAIL® software is now being used by 200 of the nation’s leading credit unions and financial institutions. In the past year alone 25 new customers have standardized on the SAIL platform for their lending needs. Organizations that recently purchased SAIL software include: Olin Community Credit Union, AltaOne Federal Credit Union, Y12 Federal Credit Union, Town and Country Federal Credit Union, The Credit Union Loan Source, LLC, and IC Federal Credit Union, among others.
“SAIL is the most reliable and robust lending automation platform on the market,” said Judy Kaddy, Senior Vice President Lending & Marketing at IC Federal Credit Union. “It also provides us with the flexibility we need to help us confidently meet the demands of today’s ever changing lending landscape.”
In 2008 the SAIL platform added a number of enhancements, including a new SAIL Merchant Lending module that allows credit unions, CUSOs, banks and finance companies to provide retailers, merchants and professional service providers with the ability to submit point-of-sale loan applications through the system. By connecting with local merchants, lenders have more opportunities to grow their businesses by tapping into the lucrative retail finance market.
“Last year was one of the best in our company’s history,” said Tim Kelly, CEO of Teres Solutions. “We couldn’t have achieved what we did without the support of our talented employees and our loyal family of customers who helped to refine and improve the SAIL platform to meet the unique lending needs of the current economic environment.”
The Teres Solutions SAIL software family is used by some of the nation’s most successful credit unions, lending CUSOs, banks and finance companies to automate their indirect, direct, merchant and web-based lending processes. SAIL lending software significantly reduces the time it takes to review loan applications, request and review credit reports, enter data into core systems, make lending decisions and quickly respond to dealers and members. To date the SAIL platform has processed billions of dollars in direct and indirect lending loan volume.
For more information on Teres Solutions, visit www.teressolutions.com.
About Teres Solutions, Inc.
Teres Solutions, Inc., a wholly-owned subsidiary of CRIF, was founded in 2002 for the express purpose of developing direct and indirect lending software products that define the state-of-the-art for the financial institution market. Its Software Application for Integrated Lending (SAIL) direct and indirect lending products allow financial institutions to streamline lending decisions, increase revenue through enhanced loan application processing efficiency, improve dealer and member relations, and augment loan tracking and reporting capabilities. Teres Solutions has been recognized as a Microsoft certified partner with accredited core competencies. Visit www.teressolutions.com for more information on Teres Solutions, its products and services.
SAIL is a registered trademark and Teres Solutions is a trademark of Teres Solutions, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies. Media Contact:
Karl Scholz
For Teres Solutions, Inc.
(512) 493-0909
scholz@virtualprdirector.com
Company Contact:
Tim Kelly
Teres Solutions, Inc.
(512) 218-4200
info@teressolutions.com
“SAIL is the most reliable and robust lending automation platform on the market,” said Judy Kaddy, Senior Vice President Lending & Marketing at IC Federal Credit Union. “It also provides us with the flexibility we need to help us confidently meet the demands of today’s ever changing lending landscape.”
In 2008 the SAIL platform added a number of enhancements, including a new SAIL Merchant Lending module that allows credit unions, CUSOs, banks and finance companies to provide retailers, merchants and professional service providers with the ability to submit point-of-sale loan applications through the system. By connecting with local merchants, lenders have more opportunities to grow their businesses by tapping into the lucrative retail finance market.
“Last year was one of the best in our company’s history,” said Tim Kelly, CEO of Teres Solutions. “We couldn’t have achieved what we did without the support of our talented employees and our loyal family of customers who helped to refine and improve the SAIL platform to meet the unique lending needs of the current economic environment.”
The Teres Solutions SAIL software family is used by some of the nation’s most successful credit unions, lending CUSOs, banks and finance companies to automate their indirect, direct, merchant and web-based lending processes. SAIL lending software significantly reduces the time it takes to review loan applications, request and review credit reports, enter data into core systems, make lending decisions and quickly respond to dealers and members. To date the SAIL platform has processed billions of dollars in direct and indirect lending loan volume.
For more information on Teres Solutions, visit www.teressolutions.com.
About Teres Solutions, Inc.
Teres Solutions, Inc., a wholly-owned subsidiary of CRIF, was founded in 2002 for the express purpose of developing direct and indirect lending software products that define the state-of-the-art for the financial institution market. Its Software Application for Integrated Lending (SAIL) direct and indirect lending products allow financial institutions to streamline lending decisions, increase revenue through enhanced loan application processing efficiency, improve dealer and member relations, and augment loan tracking and reporting capabilities. Teres Solutions has been recognized as a Microsoft certified partner with accredited core competencies. Visit www.teressolutions.com for more information on Teres Solutions, its products and services.
SAIL is a registered trademark and Teres Solutions is a trademark of Teres Solutions, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies. Media Contact:
Karl Scholz
For Teres Solutions, Inc.
(512) 493-0909
scholz@virtualprdirector.com
Company Contact:
Tim Kelly
Teres Solutions, Inc.
(512) 218-4200
info@teressolutions.com
© 2008 Teres Solutions, Inc. All Rights Reserved.