BizMark processes small business loan applications, and is based on a Cypress-delivered .NET/Microsoft SQL Server platform. It runs in a customer relationship management (CRM) 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.
Stephen Sargent, president and CEO of Cypress Software Systems, said: We are responding to requests from our user-base and the general marketplace for a new credit scoring engine for our BizMark software system. Our Bureau Interpretation and Scoring Engine (BISE) solution can either automate an existing judgmental underwriting environment, or enable a solution that works with embedded third party-derived small business scorecards such as those provided by Asch Advisory Services.
