ST. PETERSBURG, FLORIDA, June 27, 2005âTideline Capital, a specialty finance company providing financial services to the worldâs leading enterprise software vendors, has selected ExpressCSâ¢ from Cyence as its front-end system. ExpressCS will help the company improve transaction processing speed and create efficiencies throughout its finance operations.
Specifically designed for small to mid-size companies that want to leverage cutting-edge technology to grow their businesses, ExpressCS is tailored to the unique business requirements of mid-market lenders.
Paul Schmitt, Senior Vice President at Tideline Capital, says his company selected Cyence for its ability to streamline front-end processes. "ExpressCS merges many of the front-end functions and can be customized to the level of business processes we use," he says. "As a vendor finance company, we will look to ExpressCS not only to improve our internal processes, but to enhance services to our vendor clients. It will give them instant visibility into exactly where we are in the funding process."
In previous executive positions with such leading financing companies as Dell Financial Services and JP Morgan Chase, Schmitt says he was frustrated by cumbersome front-end processes. "In customer tracking, we were handling the same data over and overâas much as a dozen times. In customer management, credit, and documentation management, itâs been difficult to truly manage the paper trail. Our vendors needed to be in constant contact to find out how their deals were progressing. With ExpressCS, they can access information wherever, whenever, they need itâin exactly the format they want."
Schmitt says ExpressCSâs enabling of multitasking will be particularly helpful. Users can work in several applications simultaneously without having to save data first and exit screens. Another key feature is the assurance of data integrity. "Because ExpressCS keeps a true customer master record, weâre assured weâre looking at the most recent transaction, and the information has been scrupulously maintained," Schmitt says.
"Tideline needed an end-to-end solution to manage transactions across workflows," says Mike Cumby, chief product architect for Cyence. "ExpressCS will help them efficiently manage their business processes, enhance customer service, and support their growth into new markets."
ExpressCS is a Windows software solution, enhanced with integrated modules built on the Microsoft .NET platform. Compatible with any accounting system, it focuses on "front-end" processes, from e-commerce and sales and marketing to lease pricing, documentation, funding, and reporting.
About Cyence International Inc.
Cyence International Inc. is a leading provider of front-office software that integrates financial workflows for the world's banking, manufacturing, and equipment finance markets. Its software solutions, ExpressOSâ¢, ExpressCSâ¢, and Credit Express for Microsoft Office 2003â¢, embed industry best practices and enable real-time, online collaboration in the end-to-end finance process. From Origination to Credit Adjudication, Document Management to Auditing, Funding, and Booking, the Cyence solution has everything needed to streamline financial transactions and achieve operational excellence.