CARM-Pro - The most widely used collection and recovery software in US banking.
IBS: Dedicated to Collection and Recovery Software and Automation in the Banking Industry Since 1989
CARM-Pro - Licensed to almost 900 Financial Institutions Since 1989.
ARM-Pro - The most widely used Recovery and Special Asset Tracking software in US Banks and Credit Unions.
CARM-Pro - Credit Union and Bank Collection Compliance Software for todays turbulent times.
CARM-Pro - The most widely used independent bank collection software in US banking.

IBS sets client upgrade record with CARM-Pro 4.2 upgrade

IBS sets client upgrade record with COLLECTION AND ASSET RECOVERY MANAGER – PROFESSIONAL (CARM-Pro) v4.2!

NEW LONDON, N.H., December 10, 2010 – IBS completed its first client upgrade of last week's announced release of COLLECTION AND ASSET RECOVERY MANAGER – PROFESSIONAL (CARM-Pro) version 4.2 – in record time. "Version 4.2 is a major release. Loaded with exciting changes, 4.2 spent an extensive amount of time in test mode. Internal testing by our Client Services and Product teams led to unique features and cosmetic changes being added, and then it spent more time across a set of diverse test clients. All this indispensable feedback allowed us to put the final touches on the most significant release in our 21 year history! Even knowing its extensive production use life, I am still amazed at how fast the Union Bank Company responded to this upgrade and the upgrade process; and how smoothly and efficiently everything went." states Rob Daley, IBS President.

The Union Bank Company is a full service bank serving the area of northwest and central Ohio, headquartered in Columbus Grove. The Union Bank Company, a locally owned and operated subsidiary of United Bancshares, Inc., is traded on NASDAQ under the symbol of UBOH. As of December 31, 2009, United Bancshares, Inc. reported assets of $616 million. The Union Bank Company has been an IBS client since 2002.

"This powerful upgrade, with a lengthy list of enhanced features and functionality along with important 3rd party integrations, speaks well of our Product Development and Client Service teams", Daley continues. "As a firm exclusively dedicated to helping financial institutions manage their collection and recovery operations, while supporting the foreclosure, bankruptcy and repossession management activities, we can direct 100% of our resources to this one mission. Their depth of knowledge and dedication to our company and our clients is what makes their performance stand out. It just goes to show how well a team can execute a plan when they remained focused and enthusiastic about their product. I am proud of our staff and their accomplishments!"

To learn more, review the COLLECTION AND ASSET RECOVERY MANAGER – PROFESSIONAL (CARM-Pro) version 4.2 release announcement, (http://www.ibshome.com/uploads/emailnewsletterfiles/116.pdf).

Developing, implementing and supporting IBS' desktop and browser applications across all Microsoft supported versions of SQL Server, network and desktop operating systems, and Internet Explorer is a complex and challenging task. The smooth performance of all IBS software in a wide range of varying client size and computing topologies speaks to the quality product and services behind IBS.

"Version 4.2 stands proud in our twenty-one year history of serving one thing to one market. Its diverse, expanded product set is a perfect fit to the current economic challenges imposed on US financial institutions. This version has laid a strong foundation for IBS clients and for IBS growth looking well into our future," concludes Daley.

About IBS

IBS is the premier provider of debt management solutions to the financial industry. Introduced in 1989, IBS collections and asset recovery management software is directly licensed to almost 450 banks and credit unions in 46 states and the District of Columbia, along with another 340 institutions licensed through IBS partners. Privately held, IBS always has been, and remains exclusively dedicated to, enhancing and growing its software's functionality for collection and recovery professionals at financial institutions. IBS sales and marketing is complemented by a growing library of business partners: COCC, Open Solutions, FIS (formerly Metavante), RDSI Banking Systems, Fiserv, R.C. Olmstead, SoundBite Communications, LexisNexis, ProfitStars and Greenflag by Transworld.
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