Supernal Reveals New BSA Module, Improves Risk Management Dashboard

La Crosse, WI – May 18, 2010 – Supernal Software unveiled Scout 2.0, the newest version of its risk management dashboard.  Headlining the new features is a BSA (Bank Secrecy Act) component, helping financial institutions be compliant with anti-money laundering regulations.

Now organizations can manage their risk scenarios and track compliance with GLBA (Gramm-Leach-Bliley Act), Red Flags, vendor management, and BSA requirements all from one integrated application.

“Regulations are getting tougher, and banks are responding by throwing more people at the issue. That’s why financial institutions are increasing their compliance spending faster than net revenue growth,” said Peter Griffith, President of Supernal Software. “That’s a problem.”

“Scout stops this money drain by automating the compliance process,” Griffith continued.  “Our clients are spending less, but getting more benefit from all required compliance activity.”

The latest Scout version goes further to eliminate duplication and streamline the risk management process.  Following step-by-step templates, users receive clear risk intelligence that meets the needs of small and medium-sized financial institutions—and their auditors—all within a single application.

The latest version also includes improved usability and added features such as check boxes for quicker updating, calendar pop-ups, and user override reports.

As always, Scout updates are automatically available to Scout subscribers through the web-based interface, at no extra cost.

Supernal is offering online webinars, introducing Scout users to the new features, at 2:00 p.m. on May 27 and at 9:30 a.m. on May 28, CDT.  While the webinars will be geared to existing users, prospective users can request an introductory demo.

For more information contact Maria Norberg at 608-785-7101.