NES Financial was recently ranked in Inc. Magazine’s 2011 Inc. 500|5000 list of the fastest-growing private companies in America. The award recognizes high growth companies in multiple industries that are privately held, for-profit, U.S.-based, and have generated at least $2 million in revenue.
In response to NES Financial’s latest award, CEO Michael Halloran provides insight on NES Financial’s innovative software:
NES Financial is a leading provider of trust and escrow administration technology and services for financial institutions and Fortune 500 companies. This award marks an important milestone as we see rapidly growing adoption of our trust and escrow administration solution in the banking sector and corporate environments.
From our beginning, NES Financial has made increased financial security, transparency and compliance the benefits to our clientele in the administration of complex financial transactions. We initially targeted sectors with complex process requirements, significant compliance and reporting needs, and high risk of fraud and abuse. Today, our economy is faced with unprecedented market changes in the banking sector and a coming regulatory wave that will impact a wide range of businesses from financial services through mid-market to large corporate entities. As a result, NES Financial technology has a broad and immediate applicability for financial institutions looking to deepen customer relationships to increase fee revenue, improve operational efficiency to reduce costs, and enhance compliance reporting capabilities to reduce risks. Simultaneously, corporate clientele are able to leverage our technologies and expertise to improve complex financial transaction security, achieve scalability, and reduce regulatory burdens on their operations.
NES Financial’s innovative eSTAC platform is a Software-as-a-Service (SaaS) solution that is deployed through Virtual Private Cloud technology to complement core banking systems and corporate treasury infrastructure. Our cloud-based technology enables our clients to rapidly deploy solutions with minimal disruption, limited up-front expense, faster time-to-market and increased return on investment.
Fortune 500 companies and financial institutions are proving that NES Financial technology and services are essential to cost effectively administer and scale complex trust and escrow transactions while improving regulatory transparency and compliance in a rapidly changing economic climate. The company continues to set new standards by delivering across a broad range of trust and escrow environments, including EB-5 escrows, landlord/tenant security deposit escrows, 1031 tax deferred exchange escrows and trusts, client trust accounts for law firms, pre-need escrows, and many more.
For more information on NES Financial’s latest achievement, click here.
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