Press Releases

Vendor Management , Lobby Management and Sales Management Solutions now being delivered

West Lafayette, IN. July  25th, 2010 - Passageways, Indiana based portal solutions provider for financial institutions, has signed 8 new portal customers in the last 8 weeks. Besides its new clients, Passageways is also reporting several new module sales to its growing list of customers. The recently signed customers from these past weeks include:  

1. Knoxville TVA Employees Credit Union – Employee Portal
2. Sharon Credit Union – Employee Portal
3. Alabama Credit Union – Employee Portal
4. Horizon Bank – Employee Portal
5. Green Bank – Employee Portal
6. South Florida Educational FCU – Vendor Management Portal
7. Navigant Credit Union – Board Portal
8. Circle Bank – Board Portal

Passageways continues to offers 25 different software applications to its 200 customers in the financial industry. There continues to be strong growth from existing customers as customers make use of the modular setup of the portal framework to fulfill their new requirements such as Lobby Management and Vendor Management. The recent list of new additions to existing customer portals include:

1. Brightstar FCU – Vendor Management module
2. Beacon CU – Help Desk Integration with Website consulting project
3. Belco Community CU – Job Listings consulting project
4. Kellogg Community CU– Lobby Management consulting project
5. Valley First CU – Apparel Cart, Employee Recognition, and Job Listings consulting projects
6. Other consulting projects done for  American Airlines Credit Union, and Power Financial FCU

Besides these projects, Passageways has just completed an extensive project with Kellogg Community Credit Union on its Sales and Goals Management. At Kellogg, their employee portal is now being used to allocate and track their sales goals across their branches. Passageways plans to offer this solution to its other customers later this summer.

"Passageways is benefiting from the renewed significance to increasing employee productivity and increased emphasis on Sales Management" said Paroon Chadha, Co-Founder and VP of Passageways.  "We offer more applications than any single organization can ever develop internally and package them in very attractive price points and are now seeing the results of our investment in not just the portal technology, but also the business applications the market needs," added Chadha.

Passageways continues to see rapid growth for its Vendor Management solution including some recent customers signing up for a stand-alone Vendor Management Portal solution. This solution allows a financial institution to categorize and track their various vendors. It allows organizing vendor contract documents, gather and organize all the due diligence documents, setup alerts around important dates and renewal timeframes. The application has been very well received as more than 25 customers are already using this solution in less than 7 months.

Passageways offers a free webinar series where several such projects are showcased each month. This webinar series continues to be very popular among Passageways customers and partners. The various upcoming webinars can be accessed at:

http://info.passageways.com/webinars/  (Each webinar has limited seats)

 About Passageways

Passageways specializes in providing corporate portal solutions for financial institutions, connecting their employees, directors, partners and vendors. Passageways solutions are used to streamline communications, increase collaboration and automate internal processes by replacing traditional intranet solutions.  Passageway supports 200 banks and credit unions portals including several dozen board portals and a number of industry wide community portals, making it a leader in collaboration solutions in the financial services industry. Passageways offers a portal framework that enables financial institutions to collaboratively organize and manage documents, processes, internal Web content and other corporate knowledge bases using its several modules. Passageways now has clients in United States, Canada and the Caribbean Islands. For more information please visit http://www.passageways.com/

Combining the leading Vendor Management Application and Consulting Services

WEST LAFAYETTE, Ind., 3/30/2010 -- Passageways, a West Lafayette, Ind.-based portal solutions provider for credit unions, announces an alliance with PolicyWorks, LLC, a national leader in providing credit union compliance solutions, to offer a comprehensive Vendor Management Program.

This partnership provides the industry's most comprehensive vendor management solution, combining a software product already being used by dozens of credit unions with consulting services which will help manage compliance in the area of vendor management. This partnership will allow credit unions of all sizes to streamline the way they manage their vendors through monitoring capabilities, robust reporting, due diligence checklists, and contract organization/renewal alerts. The consulting services will ensure a scalable and well-designed setup of the vendor management program using a tried and tested approach which has already passed several audits at various credit unions.

This web based solution will be offered both in the ‘In-house' and ‘Hosted' delivery setup. The consulting is done during and after the software implementation, working individually with each client. The program will be offered as a package, providing credit unions a one-stop solution for their vendor management needs whereby Passageways and PolicyWorks will coordinate with each other throughout the program delivery.

Passageways' Vendor Management Application allows credit unions to:

- Easily mange vendor relationships

- Ensure compliance by maintaining consistent checklists

- Efficiently fulfill due diligence requirements

- Upload and view vendor contracts effortlessly

- Built in alerts to ensure you never miss a renewal date

- Personalize your own Vendor Rolodex to conveniently organize vendor contact information

- Restrict access by business roles for reports and documents

- Include different viewing options for auditors and business owners

PolicyWorks' Vendor Management Consulting Services include:

- Recommendations on how to develop and implement a vendor management program

- Assistance with categorizing vendors and assessing risk

- Reviews of due diligence information and vendor contracts

- Development of policies and procedures for vendor management

- Answers to questions about vendor management planning, monitoring and reporting

"This partnership allows all existing and future Passageways customers to benefit from some of the best advice on vendor management in the industry. We realize several of our customers are behind on this project and this is an alternative to execute those projects as there is an indisputable hard dollar return on vendor management when executed well," said  Passageways Co-Founder, Paroon Chadha. "We also hope to attract a new set of customers, who will get introduced to our platform through this relationship", adds Chadha.

"Our goal is to provide credit unions with the tools they need to navigate through this complicated and demanding regulatory environment. This partnership will provide credit unions with the resources they need to implement a vendor management program that is efficient and sustainable for the long term," said Justin Hupfer, CEO of PolicyWorks.

About PolicyWorks, LLC

PolicyWorks is an Iowa-based firm known for providing solutions to credit unions' regulatory compliance needs. PolicyWorks has the resources, vision and experience necessary to help clients resolve their most challenging compliance issues. For more information please visit www.policyworksllc.com  

About Passageways, LLC

Passageways is an Indiana based provider of employee portal solutions for Credit Unions. Passageways helps over 150 Credit Unions to collaborate and communicate more effectively using its software platforms. For more information please visit www.passageways.com