Cypress Partners with RMA to Enhance BizMark Loan-Decision Software; BizMark to Use RMA's Financial Benchmark Ratios for Small-Business Loan Analysis and Decisions.NORTH RICHLAND HILLS, Texas North Richland Hills is a city in Tarrant County, Texas, United States. The population was 55,635 at the 2000 census. In 2006, North Richland Hills was selected as the one of the "Top 100 Best Places to live in America" according to Money magazine. -- Cypress Software Systems, LP has partnered with the Risk Management Association (RMA (RealMedia Architecture) See RealMedia. ) to incorporate RMA's financial benchmark ratios into Cypress' BizMark software, helping banks and financial institutions accurately produce an automated small-business loan decision. Cypress will make the RMA financial information a standard feature in BizMark that users can access to compare a small-business applicant's data against RMA's averages to determine if the customer meets the requirements for a loan. "RMA is the standard in the industry for financial benchmark ratios," said Stephen Sargent, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of North Richland Hills North Richland Hills, town (1990 pop. 45,895), Tarrant co., N Tex., a residential suburb of Fort Worth; inc. 1953. Corrugated boxes, food products, and textiles are manufactured. The town grew markedly in the late 20th cent. , Texas-based Cypress. "This partnership bolsters our BizMark platform and ensures a quick, quality and accurate loan decision for our clients and their customers." BizMark automates a bank or financial institution's small-business credit application process, managing numerous commercial loan requests, including corporate leases, term loans, lines of credit and corporate credit cards, among others. The benchmark ratios are compiled in RMA's Annual Statement Studies, based on research the association performs on financial statements of businesses throughout 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. . "Through this partnership we are helping Cypress' clients make more informed decisions," said Mark Zmiewski, director of strategic learning and research at RMA. "Our data is a direct result from studies performed on more than 190,000 statements of financial institution borrowers and prospects, and includes ratios and variables that enhance Cypress' BizMark software and give its users a greater understanding of an applicant's potential performance in a given industry." About RMA Founded in 1914, the Risk Management Association is a nonprofit, member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has 3,000 institutional members that include banks of all sizes as well as non-bank financial institutions. They are represented in the association by 16,000 risk management professionals who are chapter members in financial centers throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and Asia/Pacific. Visit RMA on the Web at www.rmahq.org. About Cypress Software Systems Headquartered in North Richland Hills, Texas, Cypress Software Systems, LP is a leading developer of automated credit application decision support technology. Cypress provides community and regional banks, finance companies and credit unions with loan application decision and tracking tools equivalent to those used by the largest national lending institutions Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in . Clients nationwide use the company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Mark IV, to quickly and consistently process consumer loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking applications from point of entry to point of decision. Cypress also markets its BizMark loan automation software for commercial loans, while the Cypress Suite is a bundled purchase that includes both Mark IV and BizMark. Web Site: www.go-cypress.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion