ARCsys
Norfolk · Founded 2009
About ARCsys
Breakthrough accounting technology that eases how firms apply SFAS 5, SFAS 114 & related disclosure requirements in the allowance for credit loss. ARCSysTM was born from a vision of Michael Umscheid's while speaking at a seminar in 2009 for financial institution executives. Discussing the exposure document released by FASB concerning Disclosures about Credit Quality and the Allowance for Credit Losses, Mike listened to attendee questions and realized that many financial institutions would struggle with the new requirements. Mike believes luck is where preparation meets opportunity and after several discussions, founded ARCSysTM along with IT expert, Dean Rodil. With a combined 45 years of experience between them, Mike and Dean bring a wealth of accounting preparation and IT management knowledge. The core team also includes software and applications developer Steven Ballagh, former accountant and auditor Dale Fago and UI/UX and web technologies expert Charles Cooper. So where does the name ARCSysTM come from? Accounting, Reporting and Calculation Systems - pulled right from what the system does. We like numbers. We know IT. We provide Innovative Solutions in a Regulated World.
Company Facts
- Founded: 2009
- Operating status: Operating
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Estimated revenue: $1K – $10K
- Funding stage: Seed
- Last round: Seed (Feb 2012)
- Website: http://www.arcsysonline.com
- Phone: (757) 962-6130
Social Profiles
Canonical: https://fsome.com/organization/arcsys-8454207 · For the full interactive profile (charts, investors, team, acquisitions, press), please enable JavaScript.