YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Jack Henry President Tony L. Wormington said Stratika’s products offer unique business opportunities.
Stratika’s flagship product is RPM, which is designed to help financial institutions calculate profitability from the individual product and customer organizational profitability levels.
“While many financial institutions have implemented some sort of profitability system, very few have a solution that provides immediate access to the information that can positively impact their bottom line and enhance their competitive position,” Wormington said in a Jack Henry news release. “We are convinced that RPM is competitively distinct, can materially benefit our bank and credit union clients, and is affordable even for our smallest clients.”
Jack Henry CEO Jack F. Prim added that the purchase continues the company’s efforts to expand into different but related fields of business.
“We believe that RPM will enable our clients to systematically improve their performance and support their business strategies with enterprise-wide profitability information,” he said. “RPM supports the industry-wide trend to better manage profitability and provides us with sales opportunities inside and outside our existing base of bank and credit union clients.”
The company said RPM will be integrated into Jack Henry’s existing banking and credit union processing products.
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