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Thanks for Helping TRUPOINT Reach Record 125% New Business Growth!

author Trey Sullivan
3 min read
Mar 9, 2017

Thanks to all of our customers, colleagues, readers and industry partners for making 2016 one for the books. We are happy to announce 125% growth in new business in 2016, and are looking forward to a bright 2017.

Earlier this week, TRUPOINT announced a record 125 percent growth in new business in 2016 versus 2015, driven in large part by the success of TRUPOINT Analytics. We want to thank you, our customers, colleagues, readers, partners and friends for making that possible. 

With your support, constructive criticism, and guidance, we've been able to achieve our goal of building a compliance software that is truly one-of-a-kind and responsive to your needs.

As you may know, TRUPOINT Analytics, our cloud-based compliance analysis software, was overhauled and re-released last year. It is now a single platform (still called TRUPOINT Analytics) that contains up to four subscriptions: Fair Lending - HMDA Analytics, Fair Lending - Non-HMDA Analytics, CRA Analytics and Redlining Analytics. (To learn more about any of these subscriptions, get free sample report kits here.)

Thanks to your recommendations and feedback, we learned that compliance professionals were looking for an easier and more efficient way to answer their Fair Lending, CRA and Redlining compliance problems. We launched TRUPOINT Analytics to be just that.

Your guidance as customers, end-users, and in many cases, friends, inspired the evolution of both TRUPOINT as a company and this Analytics compliance software. You fueled its development into a robust, leading solution. Thank you!

The response so far has been tremendous. Our TRUPOINT community now includes 1,200 annual Analytics users at more than 500 financial institutions nationwide, and counting.

We look forward to continuing to grow together! If there is ever anything we can do to make our products, services, or content better, we'd love to hear it. And if you're 100% happy with Analytics, we'd love to hear that, too.

Thank you again for your support and teamwork, and here's to an incredible 2017 together! In case you missed the press release, it's republished in full below.

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TRUPOINT Partners Announces 125% Growth in New Business

New and Improved TRUPOINT Analytics Software for Fair Lending and CRA Compliance Drives Growth

CHARLOTTE, N.C.--()-- TRUPOINT Partners, Inc., a leading provider of cloud-based compliance analytics software, announced record 125 percent growth and strong renewal rates for 2016. (Click to Tweet!)

“We started the year strong, driven by increasing demand for our solutions, as compliance departments look to TRUPOINT for a more powerful, customer-focused and efficient approach to Fair Lending, CRA and Redlining compliance data analysis,” said Trey Sullivan, founder and CEO of TRUPOINT Partners.

TRUPOINT recently introduced four (4) new subscriptions in the TRUPOINT Analytics compliance platform that allow compliance teams to conduct quantitative analysis of loans and deposits for Fair Lending, HMDA, CRA and Redlining compliance.

“We are particularly excited about the successful launch of our new and improved compliance analytics system, TRUPOINT Analytics, which positions us to disrupt the Fair Lending and CRA compliance analysis market as it enters an upgrade cycle,” added Sullivan.

“Our innovative and cost-effective approach meets the needs of compliance departments seeking a robust solution that is easier to deploy, more feature-rich and has less overhead than current offerings. We are pleased with the positive feedback we’ve received from both new and existing customers.”

2016 highlights include:

  • Achieved 125 percent increase in new business growth year-over-year
  • Launched new Fair Lending - HMDA and Redlining Analytics solutions in Q2 2016
  • Released CRA and Fair Lending Analytics for non-mortgage lending in Q3 2016
  • Exceeded 1,200 users of TRUPOINT Analytics
  • Successfully conducted more than 700 Fair Lending and CRA statistical analysis reviews
  • Implemented a plan to help guarantee customer success and improve customer satisfaction

Encouraged by a strong start to 2017, TRUPOINT is raising its expectations for the year and expects accelerated momentum as the year continues. Sullivan credits the progress to a disciplined approach to predictable revenue growth, client-driven product innovation, and a focus on customers.

“TRUPOINT is extremely excited for the future and encouraged by the adoption of our software by some of the country’s leading and best-run banks, credit unions, and mortgage companies,” concluded Sullivan. “We would like to thank all of our customers and the devoted users of TRUPOINT products and services for their partnership as we work to continue improving their compliance programs and reducing risk in their businesses.”

 

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