MINNEAPOLIS--(BUSINESS WIRE)--Wolters Kluwer’s Compliance Solutions business has won the 2020 Best in Biz International Award silver medal for its CASH Suite solution for U.S. commercial lenders, earning a “Best Product Line of the Year” designation.
With this latest accolade, Compliance Solutions has won 23 major industry awards for 2020 in recognition of its achievements in product innovation and technology to solve key client issues.
Given current market uncertainties, many lenders are concerned about monitoring and managing the health of their loan portfolios. CASH Suite gives commercial lenders visibility to make better decisions to reach their business goals, helping to mitigate risk and promote business growth.
“CASH Suite is a powerful commercial lending software solution that is distinct in the market in that it enables our customers to fully analyze borrower financials and create ‘what-if’ scenario planning. In today’s lending environment, the ability to balance risk-based pricing and profitable growth while achieving straight-through processing across every step of the commercial loan lifecycle is critical,” said Steve Meirink, Executive Vice President and General Manager, Compliance Solutions. “We are delighted by this latest industry recognition of CASH Suite’s demonstrated value to lenders and to their business clients, who play a critical role in the economic health of local communities across the country.”
Earlier this year, the solution was recognized with an American Business Award. In 2019, it earned three major industry distinctions for product innovation excellence from the BIG Awards for Business, the Golden Bridge Awards, and an honor as “Most Innovative Commercial Lending Platform” from Corporate Vision magazine.
The CASH Suite product line is a comprehensive financial analysis and risk management software solution that promotes efficiency and decisioning throughout the entire commercial lending lifecycle. The software is comprised of 11 integrated modules for business development, financial analysis, risk management and pricing, credit communication and approvals, covenant compliance tracking, portfolio management, stress testing, in-depth reporting and workflow. Most notably, CASH Suite provides financial spreading analysis and output using exactly the same tools that risk analysts utilize to fully analyze borrower financials and create contingency scenario planning.
Now in its eighth year, the Best in Biz International Awards are an independent business awards program judged by prominent editors and reporters from top-tier publications in North America. This year's judging panel included writers and contributors to such publications as Bloomberg News, Huffington Post and TechRadar.
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks and credit unions, insurers and securities firms. The business, which sits within Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.
Wolters Kluwer’s GRC division provides an array of expert solutions to help U.S. financial institutions manage regulatory and risk obligations, including customized offerings to address COVID-19 challenges. Compliance Solution’s Paycheck Protection Program Supported by TSoftPlus™ helps lenders’ customers access critical stimulus funding. In addition, Wolters Kluwer Lien Solutions’ iLien for Main Street helps lenders optimize their due diligence and lien management efforts when securing loans for small and medium-sized businesses under the Main Street Lending Program.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2019 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.