[October 21, 2009] FIMAC Solutions, LLC, Announces New Division: Portfolio Evaluation Corp. Tweet DENVER --(Business Wire)-- FIMAC Solutions, LLC, announced today that it has added a new division and expanded its FIMACMountain suite of products by the integration of The Deats Report, an investment accounting model. FIMAC Solutions, LLC, based in Denver, is one of the country's leading providers of banking software focused on risk management and profitability solutions and an innovator in the area of CRE Stress Analytics and Construction Stress Analytics. The new division, Portfolio Evaluation, Corp. (PEC), will incorporate the management and accounting software used by The Deats Report, allowing banks to rely on third party accounting of their bond portfolios. "Every financial institution must determine the fair value of their assets. But, the problem is that they are pulling data from different models so very often there are discrepancies in the information from one model to the next," Greg Doner, founder and CEO of FIMAC, said. "By creating a fully integrated suite of risk management products, we are insuring that our customers have consistent results thereby providing the ability to make forward-looking decisions with confidence and accuracy. "This new division allows us to combine our services and offer more to our customer base," Doner added. "Portfolio Evaluation Corp. provides ‘The Deats Report,' adding yet another solution to our rock solid financial analytic offerings." Tom Deats, President of the new Portfolio Evaluation Corp, also in Denver, Colo., says, "This is a win-win situation for us and for our clients. This allows the FIMACMountain suite to offer investment accounting that integrates FIMAC's Risk Analytics ALM Model, and it allows The Deats Report users easy access to the FIMACMountain suite of products. It's really one-stop shopping." ABOUT FIMAC - Based in Denver, FIMAC Solutions, LLC, (www.fimacsolutions.com) specializes in providing the financial services industry with banking software focusing on risk management and profitability solutions. FIMAC's Risk Analytics® ALM Model is well recognized throughout the industry with approximately 350 placements. The FIMAC Mountain product group also includes CRE Stress Analytics, Construction Stress Analytics, Deposit Analytics, Balance Sheet Manager Module for Risk Analytics, and A/L Reporter for smaller credit unions. Risk Analytics is a registered trademark of FIMAC Solutions LLC. Risk Analytics ALM Model copyright 1994-2009. All software products copyright FIMAC Solutions LLC. [ Back To TMCnet.com's Homepage ]