AccuSystems

AccuSystems LLC is an American company headquartered in Pueblo, Colorado that develops, licenses, supports, and sells document imaging software and electronic document management, primarily to the banking and finance industries.[6] It was founded by Mel Hatch.[7] Over 200 banks use AccuSystems' software.[8]

AccuSystems
IndustryDocument imaging and Document management system
Founded2002[1]
FounderMel Hatch
Headquarters
Pueblo, Colorado[2][3]
,
United States
Area served
Nationwide
Key people
Chris Gredig
Alan Wooldridge[1][4][5]
Websitewww.accusystem.com

In 2002, AccuSystems made its first sale to People's Bank.[8]

In 2004, Accu-Systems was rewarded a Challengers Award at the 2004 International Woodworking Fair "for its MMTJ single-sided CNC machine miter, mortise and tenon machine."[7]

In 2006, AccuSystems filed for Chapter 11 bankruptcy.[7]

In September 2010, AccuSystems announced the acquisition of Xtria RMS.[1] AccuSystems' software, known as AccuAccount, is mainly used to electronically scan, store, and manage loan files and any other associated paperwork, while the Xtria RMS software, now known as Tickler, is used by financial institutions to track filing and transaction deadlines electronically.[8][9] At that time, more than 200 banking systems use one or both of the products.[8]

In 2012, AccuSystems won the BankNews Innovative Solutions Award for Management Software Solutions.[10]

In 2013, BankTech published a survey taken by AccuSystems that surveyed 80 community banks. The survey found that only 12% of banks are using paperless systems for issuing loans.[11] The study is often used when discussing paperless systems in the US's banking industry.[2][3]

In November 2013, "AccuSystems' assets, inventory, receivables and intellectual property have been acquired by Pillar Machine, a company owned by the son of Accu-Systems' founder Mel Hatch."[7]

In 2018, AccuSystems presented a new UI (User Interface) for AccuAccount.[12]

References
  1. "AccuSystems, LLC Announces Acquisition of Xtria RMS from Furmanite Corporation". PRLog. 2010-09-23. Retrieved 4 December 2013.
  2. "Xcel bills to go down". The Pueblo Chieftain. 20 March 2015. Archived from the original on 2 April 2015. Retrieved 29 March 2015.
  3. Crosman, Penny (2014-11-26). "U.S. Bancorp Expands Paperless Push as Others Hesitate". American Banker. Retrieved 29 March 2015.
  4. "Loan Management Software for Banks". SoftScout. Archived from the original on 14 December 2013. Retrieved 4 December 2013.
  5. Ryan, Phillip (2013-03-21). "5 Steps to Overcoming "Change Prevention"". Bank Innovation. Retrieved 4 December 2013.
  6. Scheibach, Michael (May 2012). "New Era of Document Management". BankNews. Archived from the original on 14 December 2013. Retrieved 4 December 2013.
  7. richchristianson (2013-11-20). "Accu-Systems' Foreclosed Assets Bought by Founder's Son". Woodworking Network. Retrieved 2020-05-29.
  8. Darrow, Dennis (2010-11-14). "Documented Success: Growing software firm helps banks track files". The Pueblo Chieftain. Archived from the original on January 10, 2011. Retrieved 4 December 2013.
  9. Kuehner-Hebert, Katie (February 2011). "To Scan or Not to Scan". Independent Banker. p. 59. Archived from the original on 19 September 2011. Retrieved 4 December 2013.
  10. "2012 Innovative Solutions Award Winners". BankNews. November 2012. Archived from the original on 14 December 2013. Retrieved 4 December 2013.
  11. "The Benefits of Loan Document Imaging and Digital Loan Portfolio Management". BankTech. Bank Systems & Technology. Archived from the original on 2 April 2015. Retrieved 29 March 2015.
  12. "AccuSystems Unveils New User Interface for Document Management System". www.kmworld.com. Retrieved 2020-04-28.
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