Suite Allows Clients to Focus Less on Data Management and More on Compliance
Work
KNOXVILLE, Tenn., June 13 /PRNewswire-FirstCall/ -- ERS
Group, SOURCECORP's (Nasdaq: SRCP) leading authority on matters of litigation
and expert witness testimony unveiled RiskExec(TM), a suite of regulatory
compliance software tools, today at the 2005 American Bankers Association
Regulatory Compliance conference in Baltimore, Maryland.
With RiskExec ERS Group utilizes customized software tools to assist
financial services firms in determining their regulatory compliance
guidelines. In addition, we offer consulting and executive briefing services
to better enable our clients to meet their regulatory needs. RiskExec is
completely web based and is designed to help improve your productivity by
reducing the data management burden and by enhancing reporting and
communication among the lender's compliance team.
"Our intent is to offer our clients the most efficient and effective
software compliance system for managing regulatory compliance objectives. The
result, RiskExec(TM), is a suite of software tools developed specifically for
financial services firms and their management teams covering HMDA, CRA, and
high cost loan analyses," stated Cary Collins, Principal, ERS Group. "We help
clients better manage regulatory and compliance risks by monitoring their on-
going lending processes and by providing appropriate compliance and executive
level reporting on these processes. ERS Group also has a wealth of in-house
expertise in Finance & Credit, enabling the client to benefit from the
expertise, as well as from the RiskExec(TM) system. We build our systems by
listening to our clients and by delivering what they need."
The RiskExec software suite currently includes geocoding, mapping, and all
manners of data visualization -- from interactive maps to peer rankings to
tables & charts -- as well as executive and regulatory reporting for all
facets of Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act
(CRA), and Home Ownership Equity Protection Act (HOEPA), including high cost
loan analyses.
About RiskExec(TM)
RiskExec is a suite of software tools developed specifically for financial
services firms and their management teams. The RiskExec software tools assist
financial services firms in determining their regulatory compliance
guidelines.
RiskExec(TM) is a browser-based product containing tools that include
HMDA, CRA, HOEPA, geocoding, mapping and data visualization as well as
executive and regulatory reporting. For more information, visit us on the web
at http://www.RiskExec.com .
About ERS Group
ERS Group is an economic and financial consulting firm that specializes in
analyses for complex business litigation, matters involving employment
decisions, and regulation. Over 3,000 clients, including Fortune 500
companies, law firms, universities, industry trade associations and government
agencies, have retained ERS Group professionals in a wide variety of cases
involving numerous industries.
ERS Group has offices across the U.S. and our full-time staff of 200
professionals includes over 50 Ph.D. economists and statisticians, as well as
experienced computer and litigation support professionals. ERS Group is often
retained on high-stakes matters where the outcomes have significant
consequences for the parties involved. We have the resources and the
flexibility within our organization to respond to the varying demands of trial
and discovery schedules; to immediately dedicate significant resources to
high-priority assignments; and to provide smaller teams of highly focused
professionals in keeping with the size of the case. For more information,
visit us on the web at http://www.ERSGroup.com .
About SOURCECORP(R)
SOURCECORP, Incorporated provides business process outsourcing solutions
and specialized high value consulting services to clients throughout the
U.S. SOURCECORP focuses on business processes in information-intensive
industries including commercial, financial, government, healthcare, and legal.
Headquartered in Dallas, the Company serves clients throughout the United
States through a network of locations in the U.S., Mexico and India.
SOURCECORP is a component of both the S&P SmallCap 600 Index and the
Russell 2000 Index. The Company has been cited among the Top 100 Hot Growth
Companies by BusinessWeek magazine (2001). SOURCECORP has also been
recognized twice by Forbes magazine as one of the 200 Best Small Companies
(1998, 1999), based on return equity, sales growth, and EPS growth, and by
FORTUNE magazine as one of America's 100 Fastest Growing Public Companies
(1999). For more information about SOURCECORP's solutions, including case-
study examples, visit the SOURCECORP website at http://www.sourcecorp.com .
The statements in this press release, which are not historical fact, are
forward-looking statements that involve risks and uncertainties, which could
cause actual results to differ materially from such forward-looking
statements. These forward-looking statements include, but are not limited to,
any financial estimates, projections, and estimates of future contract values
included in this press release. The aforementioned risks and uncertainties
include, without limitation, the risks of integrating our operating companies,
of the timing and magnitude of technological advances, of the occurrences of a
diminution in our existing customers' needs for our services, of a change in
the amount companies outsource business processes, of the impact to margins
resulting from a change in revenue mix as well as the risks detailed
in SOURCECORP's filings with the Securities and Exchange Commission, including
without limitation, those detailed under the heading "Risk Factors" in the
Company's most recent annual report on Form 10-K. SOURCECORP disclaims any
intention or obligation to revise any forward-looking statements, including
financial estimates, whether as a result of new information, future events, or
otherwise, except as required by law.
SOURCE SOURCECORP
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Related links:
http://www.sourcecorp.com
http://www.RiskExec.com http://www.ERSGroup.com
CONTACT:
Joy Seaver, Client Development of ERS Group,
+1-865-769-3312, ext. 105, or jseaver@ersgroup.com ; or Mary
Leos, Director, Corporate Marketing & Communications of
SOURCECORP, +1-214-740-6907, or maryleos@srcp.com
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