GRAND RAPIDS–Compliance Systems, the digital compliance documentation provider to the financial industry, announced the release of the industry’s first document solution for treasury management services, Simplicity Treasury Management.
This cloud-based system helps financial institutions streamline their treasury management operations and delivers highly configurable, cost-effective compliant content from a proven technology partner.
Treasury management operations are a vital component of a bank or credit union’s commercial services, but the content needed to properly document this line of business can require costly outside counsel and time-consuming internal review processes that put a strain on operations. Also, ongoing maintenance requirements demand consistent and expensive monitoring while risk exposure increases at every stage.
Compliance Systems’ Simplicity Treasury Management addresses these challenges by removing third-party legal dependencies and automating compliance updates through cloud technology. The solution leverages the proven Simplicity configuration platform to offer financial institutions the ability to customize every paragraph of a master services agreement (MSA) that is unique to their organization and includes terms and conditions for all of the treasury management services they offer.
“We really relied on our clients to tell us what they needed in a treasury management solution,” said Compliance Systems President Chris Appie. “We wanted to make sure Simplicity Treasury Management was designed not only to reduce their pain points, but to help them optimize their operations. The Simplicity platform is a proven winner, and it allows us to open up content configurability in a way that allows institutions as much flexibility as they want in managing their documents. As their treasury management services evolve, they can quickly update their documents on demand.”
Simplicity Treasury Management is built on the same framework Compliance Systems created for its Simplicity Mobile product line, the industry’s first mobile-enabled compliance solution for online deposit account opening. Treasury Management documents can be delivered in both PDF and HTML file formats and is warranted for compliance with federal and state law.
Compliance Systems enables deposit, IRA, and loan transactions with configurable content that supports business flexibility and operational efficiency. With more than 29 years of experience with financial documentation, Compliance Systems supports more than 1,500 banks and credit unions. For more information, visit www.compliancesystems.com.