Strunk

What Strunk does

Strunk is a privately held SaaS company founded in 1976 that provides Governance, Risk and Compliance (GRC) and profitability software to community banks and credit unions across the United States. Operating from Alpharetta, Georgia with a secondary office in Kansas City, the company employs 1–10 people and is structured as Strunk, LLC, with no external equity funding disclosed and continuous self-funded operation since founding.

The product portfolio centers on an integrated six-tool GRC suite — Risk Manager, Policy Manager, Controls Manager, Vendor Manager, Issues Manager, and Skills Manager — alongside three specialized financial-institution profitability products: ODP Manager (overdraft privilege), Pricing Manager (loan and deposit pricing), and Econocheck/Secure Checking (fee-income program). The platform is delivered as a cloud-hosted SaaS application on Amazon AWS using a PHP/YII/MySQL stack, accessed via web browser from any device, and is SOC 2 Type II certified across Security, Availability, Processing Integrity, Confidentiality, and Privacy. Pricing is a flat annual subscription scaled to organization size, including unlimited users, unlimited support, and automatic updates. Strunk reports implementations at more than half of the COCC community bank client base and 1,500+ clients cumulatively across all 50 U.S. states, sold exclusively through direct enterprise sales (website demo requests, phone engagement, and industry conferences) with no channel partners or marketplace listings.

Name

Strunk

Legal name

Strunk, LLC

Website

https://strunkaccess.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

1–10 employees

Short description

Strunk is a privately held SaaS company, founded in 1976, that delivers GRC and profitability software to community banks, credit unions, and other regulated organizations in the United States via a flat-fee subscription model on Amazon AWS.

Ownership category

akta.pro rank

Product category

Governance, Risk, and Compliance (GRC) Software for Banking

NAICS

Computer Systems Design and Related Services (5415)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Governance, Risk & Compliance (GRC) Platforms (BPAEAPAA)

akta.pro secondary industries

GRC Platforms & Workflow Automation (HDADAIAA), IT Governance, Risk & Compliance (IT GRC) Platforms (HDAEALAK)

Keywords

• Community bank software
• GRC compliance software
• Overdraft privilege management
• Loan pricing software
• Vendor risk management

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Annual Software Subscription: Strunk charges a flat annual fee based on organization size for access to their full GRC software suite. The subscription includes unlimited access to all tools, unlimited user seats, and unlimited support. All software updates are provided automatically at no additional charge.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Strunk provides a cloud-hosted Governance, Risk, and Compliance (GRC) software suite for community banks and credit unions, comprising six integrated tools (Risk Manager, Policy Manager, Controls Manager, Vendor Manager, Issues Manager, and Skills Manager) along with specialized profitability products including ODP Manager for overdraft privilege, Pricing Manager for loan and deposit pricing, and Econocheck/Secure Checking for fee income. The company sells these solutions via flat annual subscriptions with unlimited users and unlimited support, marketed through a direct sales and demo-request motion.

Product overview

Strunk offers a unified Governance, Risk Management and Compliance (GRC) software platform for community banks and credit unions. The product portfolio centers on six integrated compliance management tools (Risk Assessor, Policy Manager, Controls Manager, Vendor Manager, Issues Manager, and Skills Manager) combined with specialized banking profitability solutions (ODP Manager for overdraft privilege, Pricing Manager for loan/deposit pricing, and Secure Checking for fee income). All tools are hosted on Amazon AWS and provided on a subscription basis with unlimited user access.

Differentiator

Problem solved

Functional benefit

Brands

• Risk Manager: Automated tools for organizations to assess existing compliance according to regulator-driven risk assessment frameworks, establish and maintain policies and track periodic internal testing.
• ODP Manager
• Pricing Manager
• Econocheck
• Policy Manager
• Controls Manager
• Vendor Manager
• Issues Manager
• Skills Manager

Products and services

• ODP Manager (Overdraft Privilege Manager) Cloud-hosted overdraft privilege management software that automates data imports from core processors, provides reporting dashboards, generates collection and custom letters, sends email alerts, and supports analytics for branch, product, and risk-based loss reserve assessments. Built for community banks and credit unions seeking compliant ODP program performance.
• Pricing Manager Web-based loan and deposit pricing solution that integrates with core systems for data analytics, supports ROE profitability analysis and relationship profitability, and includes assumptions for loan origination, servicing costs, and FHLB cost of funds. Built for community financial institutions seeking consistent and profitable pricing across CRE, C&I, Construction, Land Development, and LOC loans.
• Risk Manager Compliance and risk management software providing automated tools for organizations to assess existing compliance against regulator-driven risk assessment frameworks, establish and maintain policies, and track periodic internal testing, including cyber risk and enterprise risk assessments. Used by community financial institutions and other regulated organizations.
• Vendor Manager Third-party vendor risk management software that centralizes vendor information, automates risk assessments and OFAC searches, manages due diligence documentation and contracts, monitors SLAs, and provides customizable review questionnaires with automated inherent and residual risk scoring. Built for community banks and credit unions operating under FFIEC vendor management guidelines.
• Policy Manager Centralized policy management software that organizes all policies into a single database mapped to relevant standards and control procedures, with version control, change tracking, approval workflows, PDF redline capabilities for board review, and audit trail documentation. Used by community banks, credit unions, broker-dealers, and investment advisory firms.
• Controls Manager Compliance testing software that schedules tests of policy compliance and tracks test results across the organization, supporting SOC 2 Trust Principles and broader control testing programs. Used by community financial institutions and other regulated organizations.
• Issues Manager Compliance issues and incident tracking software providing a centralized database for logging, monitoring, and resolving all compliance issues and incidents across the entire organization. Used by community banks, credit unions, and other regulated organizations.
• Skills Manager Online employee testing and training platform that ensures organizational staff are knowledgeable about policies, including SOC 2 Trust Principle template libraries. Used by community financial institutions and other organizations needing policy awareness validation.
• Secure Checking (Econocheck) Secure checking program for community banks that includes identity theft protection, credit score monitoring, marketing support, implementation assistance, and training. Designed to generate approximately $50 per account per year in pre-tax fee income for participating financial institutions.

Quantifiable outcome

• Secure Checking generates $50 per account per year in pre-tax income for financial institutions
• +4 more outcomes

Named customers16 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

One partnership is on record.

• Amazon AWScoreTechnology or IntegrationStrunk's production systems are maintained by Amazon Web Services (AWS). All tools are securely and reliably hosted at Amazon AWS, from which they are available on various devices from anywhere. The infrastructure provides distributed processing, automated backup, and high availability.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ProcessUnity: ProcessUnity provides a vendor risk management and GRC platform with automated risk scoring, due diligence workflows, and ongoing monitoring that competes head-to-head with Strunk's Vendor Manager and broader policy/risk modules in financial services.
• SAI360: SAI360 is a GRC and ethics & compliance platform used by banks and credit unions, offering risk management, policy management, vendor/third-party risk, and learning modules that overlap Strunk's six-tool suite and Skills Manager training capability.
• Venminder: Venminder is a SaaS vendor risk management platform purpose-built for financial institutions, with third-party risk assessments, due diligence tracking, and OFAC search functionality that directly overlap Strunk's Vendor Manager. It is the closest direct competitor to Strunk's vendor risk and broader GRC suite within community banking.
• Resolver: Resolver (formerly Resolver GRC) delivers integrated GRC software covering risk assessment, policy management, vendor management, and compliance testing — a near one-to-one functional overlap with Strunk's Risk, Policy, Controls, Vendor, Issues, and Skills Manager suite.
• LogicGate: LogicGate offers a Risk Cloud platform for GRC workflow automation including policy management, risk assessments, vendor risk, and compliance testing — covering the same six-tool breadth as Strunk's suite but at a larger enterprise scale and with a more modern, API-first architecture.
• Prevalent: Prevalent is a vendor risk management and third-party risk platform with automated vendor assessments, contract and SLA tracking, and OFAC screening — a direct functional competitor to Strunk's Vendor Manager within the community-bank and credit-union segment.
• Riskonnect: Riskonnect provides an integrated risk management platform with vendor risk, policy/compliance, and issue management modules targeting mid-market financial institutions, placing it in direct competition with Strunk's full GRC suite.

Broad incumbents

• nCino: nCino is a cloud banking platform with built-in risk, compliance, and pricing capabilities serving community and mid-market banks. Its Bank Transformation Platform overlaps with Strunk's compliance, vendor risk, and Pricing Manager offerings as part of a broader end-to-end banking suite.
• Diligent (Galvanize / ACL GRC): Diligent's Galvanize/ACL platform is a leading enterprise GRC suite covering risk, compliance, audit, and vendor management. It competes with Strunk's full GRC suite but typically targets larger institutions and global enterprises rather than the community-FI niche.
• Wolters Kluwer (OneSumX for Regulatory Reporting / Compliance): Wolters Kluwer's OneSumX suite provides regulatory compliance, risk, and finance solutions to banks and credit unions at enterprise scale. It overlaps with Strunk's Risk, Policy, and Vendor Manager modules but serves a broader, larger-FI customer base with deeper regulatory content.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/StrunkAccess
• LinkedInlinkedin.com/company/strunk-&-associates

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Strunk