First State Bank Implements Goldleaf's Spoolview ERM Software and Data Conversion Services
March 10, 2008
ATLANTA--(BUSINESS WIRE)--March 10, 2008--Goldleaf Financial Solutions Inc. (NASDAQ:GFSI), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced that First State Bank, based in Russellville, Arkansas, has implemented Goldleaf's Spoolview enterprise report management (ERM) solution and data conversion services.
First State Bank had been using a computer output to laser disk (COLD) report system for document storage that crashed, leaving the bank little time to find a new COLD system. The bank was faced with two challenges; it needed a new COLD system for ongoing reports and also required that 27 gigabytes of report data from the previous system be converted to the new system.
The bank selected Goldleaf because of the Company's ability to install its Spoolview ERM solution with virtually no downtime for the bank. In addition, Goldleaf's conversion services converted the necessary data that was stored on optical disks from the old system into industry standard format that was then imported into the new Spoolview system. First State Bank can now store all legacy and future reports using Goldleaf's report management system.
"Our bank has experienced much success from the accessibility and high functionality of Goldleaf's solution and conversion services," said Sandy Wood, vice president and data processing officer of First State Bank. "I don't know why a bank would want to look elsewhere for these services. Goldleaf provided a very smooth transition. Normally you always hear there are challenges with data conversion, but our entire experience with Goldleaf was positive."
"In simple terms, our Spoolview solution provides an improved way for financial institutions to store and retrieve reports," commented Todd Shiver, executive vice president of sales and marketing of Goldleaf Financial Solutions. "First State Bank can now focus on its customers, as they are the most important aspect of banking. Using Spoolview, First State Bank can store data in an online report archive for Web-based retrieval, allowing employees to respond to customers immediately and improving customer service and satisfaction."
About First State Bank, Russellville, Arkansas
First State Bank, with $209 million in assets and six locations in the Arkansas River Valley, was chartered in 1934. The locally owned FDIC-insured bank also owns a full-service brokerage firm and the only independent trust company in the area. First State Bank differentiates itself with a flexible lending approach designed to help area businesses and farmers succeed and actively supports community and charitable causes. The Bank has invested in state-of-the-art technology, offering full-service commercial Internet banking.
About Goldleaf Financial Solutions, Inc.
Goldleaf Financial Solutions, Inc., offers a strategic suite of integrated technology and payment processing solutions to financial institutions. Goldleaf's products and services enable financial institutions to succeed in today's competitive market, solidify their trusted financial relationships, expand their presence and improve profitability through the efficient use of technology. Goldleaf works with clients throughout the United States, Europe, Asia, the Caribbean and Central America. For more information about Goldleaf and its set of solutions, please visit the company at www.goldleaf.com.
Safe Harbor Statement
Certain statements made in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which the company is unable to predict or control, that may cause the company's actual results or performance to materially differ from any future results or performance expressed or implied by such forward-looking statements. These statements involve risks and uncertainties, including, without limitation, risks and uncertainties associated with the company's acquisition of Alogent and the subsequent operations and future performance (financial and otherwise) of the combined entities. These risks and uncertainties are in addition to other factors detailed from time to time in the company's filings with the Securities and Exchange Commission, including the section entitled "Risk Factors" in its annual report on Form 10-K for the year ended December 31, 2006. The company cautions investors that any forward-looking statements made by the company are not necessarily indicative of future performance. The company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.
For more information, please contact: Goldleaf Financial Solutions, Inc.
Jennifer-Robyn Meier, 678-336-6540