Teres Solutions and Allied Solutions Partner to Deliver Integrated Loan Management...
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Teres Solutions and Allied Solutions Partner to Deliver Integrated Loan Management and Insurance Placement
Move Allows Credit Unions to Automate Insurance Quotes and
Placement During the Loan Application and Approval Process
AUSTIN, Texas--(Business Wire)--
Teres Solutions(TM), Inc., a leading provider of direct and
indirect lending software to credit unions and financial institutions,
today announced that it has partnered with Allied Solutions to
integrate Teres Solutions SAIL(R) lending software with the Allied
Solutions IQQ software for automating insurance application
management. The integration will allow credit unions and financial
institutions for the first time to automatically receive insurance
quotes and placements for the loan applications they manage for
customers through the SAIL lending software.
"We're honored to be partnering with one of the top providers of
loan management software to credit unions," said Pete Hilger,
Executive Vice President of Allied Solutions. "Both organizations
share a commitment to making our customers more efficient and
competitive. By working together to integrate our complementary
technology, we're offering new and more effective ways for credit
unions to grow their businesses."
Allied Solutions is one of the largest providers of insurance,
lending and marketing products to financial institutions. Credit
unions and financial institutions rely on Allied Solutions for a
number of insurance offerings, including Collateral Protection
Insurance, Credit Life, Extended Warranties, GAP insurance and more.
"Credit unions and financial institutions understand that
automation is the key to succeeding in this hyper-competitive lending
market," said Tim Kelly, CEO of Teres Solutions. "Our partnership with
Allied Solutions will allow them to automatically receive insurance
quote approvals and placement during the loan application process.
Being able to deliver value-added products like these as part of the
loan application process is essential to winning more business."
For additional information on the integration of SAIL software and
Allied Solutions IQQ, visit www.teressolutions.com.
About Allied Solutions
Allied Solutions is a leading insurance and financial services
company that has been working with financial institutions for more
than 27 years. Allied Solutions currently has business with more than
3,600 financial institutions around the country. Allied Solutions
represents a variety of product providers, all of which maintain high
ratings for financial strength. Allied Solutions
(www.alliedsolutions.net) is a wholly-owned, independently-operated
subsidiary of Securian Financial Group (www.securian.com).
About Teres Solutions, Inc.
Teres Solutions, Inc. 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.
Teres Solutions, Inc., Austin
Company Contact:
Tim Kelly, 512-218-4200
info@teressolutions.com
or
for Teres Solutions, Inc.
Media Contact:
Karl Scholz, 512-493-0909
karl.scholz@virtualprdirector.com
Copyright Business Wire 2008
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