NetWorth, Inc. Figures Out a Simple and Professional Way to Create and Update Personal Financial Statements

- RALEIGH, NC, January 12, 2007 - NetWorth , Inc. has found a way to automate and streamline the entire personal financial statement process for financial institutions, their regulatory compliance counterparts, and the individuals who must submit updated personal financial statements (PFS) on a regular and timely basis. Found at www.MyNetWorthNow.com, the software, created for high net worth individuals and the banks that serve them, works by gathering, storing, and updating the information necessary for a comprehensive financial statement in a secure environment that can be accessed via the ASP application on their Web site.

Scott Dawson, Jr., a 3rd generation real estate developer, frustrated at having to prepare dozens of statements each year for each of his lenders, projects, and partners, founded the company and developed the tool in 2002. The company now serves banking institutions and individual subscribers across the globe.

Hugh McColl, CEO of McColl Group and former head of Bank of America, extols the virtues of this software innovation from experience. "NetWorth "s technology, with equal focus on convenience for both the bank and the consumer, should dramatically reduce the personnel costs and time normally associated with the Financial Statement process."

"Our vision of streamlining the entire financial statement process has been realized," said Dawson. "For less than $50 per year, an individual can now process as many customized financial statements they require in just minutes, using technology, not paper, resulting in improved processes and increased efficiency."

12.01.2007 - 8:15 Source: 24-7pressrelease.com | Read: 297 X