MEMPHIS, Tenn. and ATLANTA, July 27, 2010- uMonitor, a provider of innovative financial software solutions for customer acquisition and retention operational excellence,and Beacon Software, a company specializing in online banking services and software targeted to community financial institutions, today announced a strategic partnership. uMonitor will provide a full integration of its account opening and money transfer services for the Beacon Internet Banking Platform. Together the companies will present a seamless way for Beacon's financial institution customers to take advantage of uMonitor services.
The Beacon Internet Banking Platform enables banks and credit unions to develop a business-critical Internet banking presence using a single platform that is managed in-house or hosted in its data center, ensuring total security of information and protection of customer relationships. By integrating with uMonitor services, financial institutions can automate the setup of new accounts while also improving application completion rates, regulatory compliance, back office efficiencies and customer satisfaction.
"Prior to our relationship with uMonitor, a prospective new account was required to complete an online account inquiry at their institution's website, often not receiving a response or activation until the following day," said Jack Fullen, CEO of Beacon Software. "uMonitor's solutions streamline this process so that a customer can open, fund and access a new account online, immediately. One of the foundations of Internet banking is to provide total banking access and services 24/7 from any location. Online account opening and funding is a critical component of that premise."
"Beacon Software provides a fully scalable Internet platform that helps many banks and credit unions develop an online presence; by partnering with uMonitor its customers can make their online offerings even more efficient and profitable," said Dinesh Sheth, CEO of uMonitor. "Beacon shares in our commitment to providing the next generation online services such that the strategic needs of the financial institution are met for attracting and retaining their customers. We look forward to expanding online banking services together."
About Beacon Software, Inc.
Beacon Software, headquartered in Marietta, Ga., is a leading developer of Internet banking technology for the financial services industry. Through its flagship product, the Beacon Internet Banking Platform, Beacon offers an enterprise-wide solution that enables financial institutions to create and manage a robust online banking presence, optimize efficiencies and better manage customer relationships. The company's online banking platform is available as an in-house or as a hosted solution for community banks and credit unions, nationwide. For more information, please visit www.beaconsoft.net.
About uMonitor - Parsam Technologies
uMonitor offer a wide range of online solutions specifically designed to help financial institutions provide the most up-to-date services. These highly configurable and customizable solutions enable financial institutions to increase profitability, generate revenue, improve regulatory compliance, and improve employee productivity while reducing costs and delight customers. uMonitor solutions include New Account Setup and Online Funding with Switch Kit, New Loan Application Processing, Funds Transfer Service, Person-To-Person Payments, Bill Presentment and Payment Solutions, Premium Account Management Service, Advisor-Client Relationship Management, and other services. The company's growth and success were recognized by its inclusion on the Inc. 5000 list in 2008 and 2009.
