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Orlando, Fla., (March 20, 2007) --- DiCom Software, a leading provider of credit risk management technology solutions for financial institutions, announced today that Trustmark Corporation has licensed Dicom’s full suite of credit quality automation tools, DiCom CQS. Based in Jackson, Mississippi, Trustmark is an $8.8 billion financial organization with a growing regional footprint that currently serves Florida, Mississippi, Tennessee and Texas.
DiCom’s solutions replace manual, labor-intensive processes using spreadsheets and other short-term solutions that have been used by the bank for years. “We exhausted all the capabilities we could with the use of conventional spreadsheets and other manual methods,” said Trustmark Senior Vice President and Asset Review Manager John Conn. “We were at a point where we knew if we didn’t automate, we would have to address the need for an increase in headcount to handle the growing volume and complexity of our loan portfolio.”
He continued, “DiCom’s solutions will make us more efficient, particularly in terms of workflow. Because the system fosters collaboration, key executives now have the time-saving tools to be more actively engaged in managing credit quality. We are also very excited about the ability to quickly and easily look at various risk pools and concentrations in numerous combinations,” Conn said.
According to Conn, their decision to implement DiCom’s solutions was based on a number of factors, including a review of their human resource needs. “We recognized that through the power of DiCom’s automation, we could achieve significant efficiency benefits without adding headcount. We felt that the system would pay for itself.”
Specifically, Trustmark has licensed all of DiCom’s flagship solutions:
Portfolio Analysis - provides immediate access to current and historical credit information, delivering enterprise-wide analytics on loan portfolio composition and risk performance over time. It also features a query builder that generates a graphical view of data for simplified management reporting.
Portfolio Management - provides tools to manage a credit's evolving status through actionable tickler items and provides an interactive forum among appropriate bank personnel to facilitate timely discussion and decision-making.
LRS Enterprise - enables loan reviewers to obtain a thorough view of the credit quality of their entire portfolio at any point during the review process.
“I am pleased to welcome Trustmark as DiCom’s newest client, said Doug Latare, executive vice president of DiCom. “We have a very robust client community and I look forward to Trustmark becoming an active participant with our organization as we work together to continually meet their needs through our solutions.”
About Trustmark
Trustmark is a financial services company providing banking and financial solutions through over 150 offices and 2,700 associates in Florida, Mississippi, Tennessee and Texas. For additional information, visit www.trustmark.com.
About DiCom Software
DiCom Software is a leading provider of credit risk management technology solutions for financial institutions nationwide. The company’s product suite, DiCom Credit Quality Solution (CQS), delivers tools to efficiently analyze, review and manage loan portfolios while minimizing risk. DiCom’s solutions are the preferred choice of today’s best credit risk personnel at banks across the U.S. ranging in size from $500 million to more than $100 billion in assets. For more information, visit www.dicomsoftware.com.
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