We are pleased to offer TMN access to a system that reduces cost and manual intervention while being able to provide their clients with a secure and accurate document.
New York, New York (PRWEB) February 18, 2015
Innovest, a leading provider in trust and wealth management solutions, today announced that Trust Management Network (TMN) has selected Innovest as its fulfillment services provider. Innovest will provide TMN with print and mail fulfillment of trust check payments, replacing a previously time-consuming and labor intensive internal process. By using Innovest Fulfillment Services, TMN will be able to offer their clients a more cost effective, timely, and secure system.
TMN currently provides service to 23 banks and anticipates increasing their annual book of business by approximately 20%.
“We are excited about working with with Innovest and the trust check fulfillment services they will provide. Leveraging Innovest will allow TMN to continue maintaining our vision of empowering trust organizations to grow and develop by taking on the day-to-day operations that keep in-house costs down and client satisfaction high,” said Eddie Phillips, TMN’s Chairman and CEO. “With Innovest, expansion will be seamless, efficient and effortless.”
“We are pleased to offer TMN access to a system that reduces cost and manual intervention while being able to provide their clients with a secure and accurate document. In today’s compliance and security focused trust services environment, institutions need to be able to protect confidential information while delivering documents in a timely manner. Our fulfillment services help our clients achieve this goal,” said Mark Dolby, Innovest’s fulfillment services director.
Innovest, an SSAE-16 certified industry leader in employee benefit services, processes millions of documents for a wide range of print projects that include: pension checks and confirms, health and welfare benefits and claims, benefit statements-communications, 1099 & 5498 tax forms, and premium and ad hoc print jobs. In order to mitigate risk and improve efficiencies, Innovest uses automated quality controls, a 2D bar code, human readable codes and each document is transmitted via a secure FTP site.
Innovest is a leading provider of financial technology solutions delivered to forward-thinking trust, wealth management, and retirement professionals. Innovest's solutions empower its clients to acquire new customers, invest assets effectively, manage trust and investment portfolios efficiently, and flexibly report results to customers. Innovest has over $425 billion in assets under administration on its trust and wealth management platform, processes more than 4 million payments annually and provides fulfillment services for more than 10 million documents including checks, advices, and tax forms each year. Innovest's wholly owned subsidiary, FinTech Securities, executes over 69 million equity shares annually. For more information about Innovest, visit http://www.innovestsystems.com.
About Trust Management Network
Trust Management Network (TMN) is a full-service provider of trust operations outsourcing to banks and independent trust companies located throughout the country. For more than 15 years, client institutions have entrusted TMN with the day-to-day management of their back office trust operations. Functions typically handled by TMN and its employees range from daily postings, to asset reconciliation, to regulatory compliance, and more. For more information about Trust Management Network, visit http://www.trust-mgmt.com.
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Media: Lindsay Bisson