Cypress Software Launches Bureau Interpretation and Scoring Engine for BizMark Small-Business Lending Software.BISE Provides New Credit Scoring Credit scoring A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness. Option for Automated Small-Business Loan 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 introduced the Bureau Interpretation and Scoring Engine (BISE) for its BizMark software, giving current and prospective users of the small-business automated loan decisioning platform a new choice for credit scoring. "We are responding to requests from our user-base and the general marketplace for a new credit scoring engine for our BizMark software system," said Stephen G. Sargent, president and chief executive officer of Cypress Software Systems. "Our BISE solution can either automate an existing judgmental judg·men·tal adj. 1. Of, relating to, or dependent on judgment: a judgmental error. 2. Inclined to make judgments, especially moral or personal ones: underwriting environment, or enable a solution that works with embedded Inserted into. See embedded system. third party-derived small business scorecards such as those provided by Asch Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal ." With BISE, BizMark users can: [TABLE OMITTED] BizMark processes small business loan applications, and is based on a Cypress-delivered .NET/Microsoft SQL Server An earlier relational DBMS from Sybase and from Microsoft. Sybase introduced SQL Server in 1988 for various Unix versions. In that same year, with help from IBM, Sybase created an OS/2 version that Microsoft licensed and branded as Microsoft SQL Server. platform. It runs in a customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) environment, enabling lenders to take credit requests including principal and financial statement data; retrieve and interpret consumer and business credit reports; perform ratio analysis; and score the results. The software handles small business commercial credit requests for lines of credit, term loans, corporate leases and corporate credit cards. About Cypress Software Systems Headquartered in North Richland Hills, Texas, USA, 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. Clients, nationwide and in 16 countries, use the company's flagship products, Mark IV and BizMark, to quickly and consistently process consumer and small commercial loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking consumer loan applications from point of entry to point of decision. Cypress' BizMark loan automation software processes commercial loan requests within a customer relationship management environment. Both products may be licensed in the bundled Cypress Suite and are offered in either an application service provider (ASP) or traditional business model. The company's product line also includes AppMark, an ASP-only consumer lending Consumer lending or consumer loans refers to any type of loan product that is not a mortgage; such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, or Certificate of Deposit loans. solution for community banks with assets of $250 million or less. Web Site: www.go-cypress.com. |
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