Coastal Banc Chooses Keyflow to Automate Commercial Lending Process, Increase Productivity.NASHUA, N.H.--(BUSINESS WIRE)--Sept. 1, 1998--Keyfile Corp. today announced it has licensed Keyflow, the leading workflow solution for Microsoft(R) Exchange Server, to Coastal Banc ssb, a Texas-chartered State savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. headquartered in Houston. Coastal Banc is using Keyflow in its commercial lending system to collect and disseminate information throughout its network of loan officers, credit analysts and managers. The system is based on a group of Keyflow workflows that model Coastal Banc's commercial origination process collectively known as the "credit matrix." The workflows serve as a convenient vehicle to distribute tasks to participants in a structured and timely manner as well as to communicate the results of each analysis to all parties involved. The core workflows are designed to manage analyses of the financial status of the customer, the strength of the business' market and industry sectors, and the yield that has resulted from any existing relationship Coastal Banc has had with that customer. Other workflows help determine the potential loan's structure and documentation, and condense con·dense v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. the various analyses into an overall conclusion that influences the credit decision. The workflows are launched and monitored from Coastal Banc's Portfolio Control Center in its Houston headquarters. Resembling NASA's mission control center in Houston, the PCC PCC prothrombin complex concentrate. combines audio-visual technology with an in-house loan tracking system based on Keyfile's Keyflow and Microsoft(R) BackOffice(TM) platform. The control center is designed around a dedicated "video wall" comprised of 12 30-inch monitors capable of displaying several simultaneous images such as financial spreadsheets, the status of Keyflow workflows, the latest market data available via satellite, or video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. feeds from remote locations. The software used within the PCC integrates Keyfile's Keyflow and Microsoft Exchange Messaging and groupware software for Windows from Microsoft. Exchange Server is an Internet-compliant e-mail system that runs under Windows NT/2000 and Windows Server 2003. It can be accessed by Web browsers, the Exchange client, versions of Outlook and the earlier Windows Inbox. with Coastal Banc's corporate intranet, resulting in an easy-to-use electronic tracking system for commercial loans. "We chose Keyflow as our workflow solution for a variety of reasons," said John Madaras, Systems Development Manager at Coastal Banc. "Since it seamlessly integrates with Microsoft Exchange, we were able to leverage our existing technology investment with minimal additional training to users. Workflow design also was straightforward using Keyflow's graphical interface See GUI. . It didn't take a programmer to create the workflows. Lending personnel designed the framework for the workflows in less than a week," Madaras continued. "In addition, Keyflow gave us flexibility in our workflow design that was unsurpassed in rival workflow products. Finally, although we used Keyflow right out of the box, it also provided a rich programming interface that allowed us to customize our solution as needed as needed prn. See prn order. ." "We are pleased to be working with Coastal Banc in its efforts to streamline and automate its commercial lending processes," said Roger Sullivan, vice president of marketing for Keyfile Corp. "Coastal Banc's use of Keyflow shows how a workflow solution, when applied to business processes, allows organizations to run more efficiently." About Keyfile Corporation Keyfile Corp., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. established in 1989, is the leading provider of full function, client/server-based document management and workflow software for automating business processes. Keyfile software enables users to electronically handle every office document - both paper and electronic - by providing a complete tool for filing, retrieving, sharing, distributing and automating document management. Keyfile has more than 4,000 systems installed worldwide, with over 70,000 clients, and is distributed in more than 50 countries. Keyflow is a workflow system that operates with Microsoft Exchange server Microsoft Exchange Server is a messaging and collaborative software product developed by Microsoft. It is part of the Microsoft Servers line of server products and is widely used by enterprises using Microsoft infrastructure solutions. . Keyflow is deployed on more than 10,000 clients worldwide. Keyfile and the Keyfile logo are registered trademarks of Keyfile Corp. Keyflow and the Keyflow logo are trademarks of Keyfile Corp. Microsoft and Microsoft Exchange are either trademarks or registered trademarks of Microsoft Corp. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in other countries. About Coastal Banc Coastal Bancorp, Inc. through its wholly-owned subsidiary, Coastal Banc Holding Company, Inc., owns 100 percent of the voting stock Voting stock The shares in a corporation that entitle the shareholder to vote. voting stock Stock for which the holder has the right to vote in the election of directors, in the appointment of auditors, or in other matters brought up at the of Coastal Banc ssb, a Texas-chartered, state savings bank headquartered in Houston. Coastal Banc ssb operates 49 branch offices in metropolitan Houston, Austin, Corpus Christi Corpus Christi, in Christianity Corpus Christi [Lat.,=body of Christ], feast of the Western Church, observed on the Thursday after Trinity Sunday (or on the following Sunday). , the Rio Grande Valley and small cities in the southeast quadrant of Texas. At March 31, 1998, Coastal Banc ssb was considered to be a "well capitalized" institution according to FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). guidelines.
CONTACT: Keyfile Corp.
Roger Sullivan
603/883-3800 ext. 375
RogerS@Keyfile.com
or
Rourke-MS&L
Leanne Agurkis or Glen Gracia, 617/267-0042
lagurkis@rourkemsl.com
ggracia@rourkemsl.com
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