Cyence Enhances ExpressCS™ Applications

Powerful upgrades will bring greater operational efficiencies to small- to mid-size leasing companies

St. Petersburg, FL, Mar.1, 2005—Cyence International, a leading provider of Web services software for global financial collaboration, has upgraded its ExpressCS™ suite of applications with a variety of enhancements, ranging from credit scoring to tax calculation. The upgrades are another step forward for Cyence in putting powerful tools in the hands of smaller leasing companies—with the goal of improving transaction processing speed and creating efficiencies in finance operations.

ExpressCSâ„¢ is a Windows software solution, enhanced with integrated modules built on the Microsoft .NET platform. Compatible with any accounting system, ExpressCSâ„¢ focuses on "front-end" processes, from e-commerce and sales and marketing to lease pricing, documentation, funding, and reporting. The software solution was created specifically for small- to mid-size leasing companies who want to leverage the cutting edge of technology to grow their businesses.

"ExpressCSâ„¢ 2005 provides significant enhancements to our Web-based interfaces developed with Microsoft.NET," says Mike Cumby, chief product architect for Cyence. "The interfaces enable leasing companies to extend the functionality of the software to multiple lender origination channels, from vendors and brokers to remote sales forces and customers. This recent round of enhancements to ExpressCSâ„¢, representing a year of research and development, reflects our ongoing commitment to serving the small- to mid-size leasing market in North America and Europe."

Among the many upgrades for ExpressCSâ„¢ 2005 are the addition of a TValue integrated lease calculator, an enhanced method for credit scoring, a function for calculating the stream tax on variable payments, and the ability to create funding packages for any portion of the portfolio to accommodate securitization or syndication. ExpressCSâ„¢ 2005 also includes major additions to its data model to support consumer business and non-asset-based loans, as well as enhancements to such features as application work flow, commissions, and remarket quotes. To serve current users of the LeasePlusâ„¢ accounting system, Cyence has embedded numerous fields from the LeasePlus data model directly into the ExpressCS data model to enhance Web-based end-of-term processing and full life-cycle reporting.

As a Microsoft® Gold Certified Partner for several years running, Cyence has access to a wide diversity of technical resources within Microsoft’s Software Development Network. Recognized by Microsoft for its excellence with the ".NET Award of the Year" in 2002 and the "Channel Builder Award" in 2004, Cyence is also a .NET Logo-Certified Partner.

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