December 202119level for loan loss reserve calculations," adds Ann Bailey, SVP of Stratman Solutions. AQM not only addresses the new CECL requirements, it also provides needed features and functions to proactively manage and mitigate loan risks and losses. In doing so, AQM includes tools to develop account specific action plans, which have been heavily relied on by both loan and risk officers to manage problem loans. Finally, in addition to the quarterly CECL and ALLL reports, AQM also provides flexible reporting capabilities used by institutions for presentations to their Board, thereby eliminating the additional time to prepare board reports. Of perhaps greatest importance, after implimenting AQM at an affiliate, the bank materially reduced loan losses as well as an 85% reduction in delinquent and/or classified assets in the last eighteen months. Stratman's products are easy-to-use and easy to implement. All of Stratman's products streamline processes and eliminate inefficiencies. Moreover, these solutions easily integrate with the clients' core systems. "Our solutions are 100 percent on premise (behind the customer's firewall), thereby eliminating additional access points from a cyber-security perspective," notes Bailey. One of the key differentiators of Stratman Solutions is their approach: Stratman builds all of its products within a Six Sigma framework and tests all of their own products in a real banking environment before launching the product commercially. That also allows product to be vetted with the banks regulators before being released in the market. And since financial services are no longer static, every Stratman product is regularly upgraded to meet evolving needs and standards. Slavens also mentioned their work to customize solutions, particularly when working with large organizations. When a bank holding company with leading technologists licensed Bank Sweep Manager, Stratman worked with them to take advantage of their multiple charters. By deploying a customized version of Bank Sweep manager, the use of sweep collateral was made even more efficient when combined with the higher system-wide deposit insurance limits available across multiple charters.With a positive stance toward the future, Stratman Solutions is poised to reach out to a larger customer base and build robust partnerships with solution providers that have similar values and goals. Stratman has future plans to reinvigorate product development and upgrade some of their solutions, as well as design new products that address the changing needs in the industry. All in all, Stratman Solutions is striving to invest more resources to identify future challenges in the industry and enhance the fintech space with its innovative solutions. BCAnn Bailey
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