| ACC Farmers Financial

ACC Farmers' Financial

ACC Farmers' Financial to Harvest Benefits of Portfolio Plus

Toronto, Canada – May 20, 2008: Strategic Information Technology Limited (“SIT”) is pleased to announce that ACC Farmers’ Financial has picked Portfolio Plus to help advance the support of their agricultural loan programs.

“We looked at a number of vendors and SIT was the best fit,” said Brian Hughes, CEO of ACC Farmers Financial. “SIT’s approach to the evaluation process was straightforward and refreshing, which made us feel comfortable. We are a service oriented organization and providing the best possible financial services for our agricultural clients at a reasonable cost is our highest priority. SIT’s Portfolio Plus banking software will help us deliver and improve upon the services we offer today.”

With over 30 billion dollars worth of agricultural products sold in Ontario each year, and a payroll that tops 700,000 people, the agricultural business is a major component of Ontario’s gross domestic product. With demanding capital requirements and shifting global market conditions, the agricultural industry is dependent on the availability of unique financial services and products to grow. SIT’s Portfolio Plus banking software will help meet those needs today and into the future.

“I want to welcome ACC Farmers’ Financial as a business partner and look forward to helping them to expand the agricultural financial services they can offer,” says G. Robert Leeming, President of SIT. “Our success with the agricultural financial services market in both the Caribbean and Canada has been enjoyable and we look forward to continuing to grow our expertise.”

A surprising number of different types of organizations use Portfolio Plus banking software to help them innovate. These include: agricultural development banks, manufacturers, governments, banks, insurance companies, trust companies, virtual banks, web-based peer-to-peer lenders, credit unions, and more. The sheer variety of organization types that use Portfolio Plus is a testament to its flexibility.

ACC Farmers Financial

ACC Farmers' Financial (ACCFF) is a non-profit farm organization, registered under the Ontario Agricultural and Horticultural Organization’s Act. ACCFF was founded in 1992 by a coalition of farm organizations and now is comprised of sixteen producer associations and marketing boards (eight grain and oilseeds groups, seven horticultural groups and the Ontario Federation of Agriculture).

ACCFF is a “one of its kind organization” in Canada that offers financial service solutions to agricultural producers to help their business grow. Each member of the Board of Directors is a farmer who is elected for their unique knowledge and expertise by the member commodity boards or associations. The expertise of ACCFF is built upon experience gained in offering loans, producer credit review, managing large loan accounts, meeting government loan guarantee parameters and collection of loan repayments.

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In BankingTM architecture and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables credit unions, banks, trust companies and building societies to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit cards, leasing, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

SIT can be reached at (http://www.stratinfotech.com) or by phone at 905-640-0808.

Portfolio Plus, Plug-In Banking and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.

For more information:
Patrick Lannigan
Strategic Information Technology
Telephone: 905-640-0808 x356
Email: patrickl@stratinfotech.com


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This page was created or refreshed on June 15, 2018 @ 15:53:46
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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