Cokato, MN â May 16, 2005 â Paisley Consulting, a leading provider of business accountability software, today announced that Trustmark Corporation (NASDAQ:TRMK), a financial services company providing banking and financial solutions in Florida, Mississippi, Tennessee and Texas, chose The Paisley Solution to manage internal controls, streamline continuous regulatory adherence to Sarbanes-Oxley and enhance its long-term risk management strategy. The solution provides modules for capturing Sarbanes-Oxley compliance, operational risk management data as well as monitoring and documenting general compliance activities.
"With over 145 offices and a comprehensive internal controls framework, Trustmark needed an application that would reduce the workload of regulatory compliance efforts and make related information easier to manage," said Blake Murphy, Trustmarkâs Director of Accounting Compliance. "After a thorough review of potential solutions, we chose Paisley Consulting based on its ability to reduce the time and resource costs associated with Sections 404 and 302 compliance, the integration of their Risk Navigator and Auto Audit products, and the overall intuitiveness and ease-of-use of the product. The companyâs track record and substantial customer base made The Paisley Solution the natural choice for managing our long-term compliance requirements."
The Paisley Solution consists of two premier Paisley Consulting products, Risk Navigator â¢ and AutoAuditÂ®. Both products operate on the same architecture thereby establishing a common universe of business entities. When used together, they share a single data repository that allows all groups to work independently to conduct separate evaluations on their selected subset of the common universe of possible entities.
"Financial services institutions like Trustmark are seeking long-term compliance solutions that integrate across multiple enterprise platforms and provide a platform for risk management," said Tim Welu, CEO of Paisley Consulting. "Trustmarkâs selection of Paisley Consulting and The Paisley Solution demonstrates their understanding of the value that our integrated compliance framework provides. This is a complete solution that will reduce costs and provide performance management information."