Press Release

SouthStar Bank Automates with Quest Analytics IQFinancials

Pittsburgh, PA – September 27, 2016 - Quest Analytics LLC, a leading provider of financial reporting automation tools for banks and credit unions announce a new relationship with SouthStar Bank in Moulton, TX.

“SouthStar Bank was seeking a new reporting tool that would help automate financial reporting while at the same time allow users to perform real-time analysis” said Karl Keller, President and Founder of Quest Analytics. “The Quest IQFinancials® solution extends the functionality of traditional general ledger and core banking application systems by eliminating the constant exporting and importing of data into Microsoft Excel. With IQFinancials, SouthStar Bank can analyze data and drill from summary to detail with just a click making financial reporting easy.”

Robert Simper, Chief Financial Officer at SouthStar Bank, said “We immediately realized the value of the product as Quest had us using the new system in about a week. In the past, some manual reports took hours to build. Now we have them completed in just a few seconds. The time we save by having a tool that is integrated both with our core system and Excel is extremely valuable.”  

“With IQFinancials, we envisioned having automated dashboards and reports provided directly to our branch locations on a daily basis. Quest delivered on their ability to help us quickly achieve our goal and automate labor intensive reporting processes” said Lori Singleton, EVP and Chief Loan Administration Officer at SouthStar Bank.  

Quest Analytics helps banks and credit unions automate financial reporting tasks by providing solutions that attach directly to existing core banking systems. Reports that had previously taken hours to prepare each month now take just a few seconds to produce. Additionally, using the automated distribution capabilities of the software, reports such as branch profit and loss reports can be produced and distributed in just one click.

About SouthStar Bank
Headquartered in Moulton, TX SouthStar Bank was established through the consolidation of First Star Bank, Texas Star Bank and Lone Star Bank. With more than 734 million dollars in total assets, the combined bank serves Central Texas through 15 full-service branch locations and five loan production offices.

About Quest Analytics
Quest Analytics is a financial services technology and sales training company specializing in helping banks and credit unions grow quickly and profitably. Founded in 2001, Quest Analytics is a privately-held company headquartered in Pittsburgh, Pennsylvania.