St. Petersburg, FL, May 2, 2005âCyence International celebrated its 10-year anniversary in March 2005, marking the occasion with a milestone statistic: In March, clients using Cyenceâs flagship product ExpressOS processed more than $1 billion in transactions.
That volume of businessâcoupled with the companyâs growing cadre of loyal clientsâsignals success to the companyâs new president, Greg McIntosh. "The record number of transactions speaks to the scalability of ExpressOS and our customersâ success in adopting it," he says.
McIntosh says the growth of Cyence stems from the companyâs steadfast focus on developing a product that meets distinct customer needs--and on helping customers not only to operate more efficiently, but to also better understand and manage risks and compliancy objectives.
In the past year, Cyence has expanded its reach beyond the equipment leasing industry to commercial lending and banking sectors in North America and Europe. ExpressOS speaks to a key concern of multi-national banking executives: compliance with new regulatory requirements raised by Basel II, Sarbanes-Oxley, and other recent enactments. Its workflow engine and business rules enable process consistency, operational efficiency, and regulatory compliance.
"With ExpressOS, enterprises have a full view of their operations. They can facilitate the delivery of the right information to the right people at the right time." McIntosh says. "Having a corporate-wide view of credit, operational, and market risk is a keystone to operational excellence.â
Looking ahead, McIntosh believes his company is well-positioned to support continued growth. "Cyence has established an excellent reputation based on our ability to respond nimbly to demanding customer timelines and requirements," McIntosh notes. "We have the added advantage of being able to support customers that are acquiring companies, where systems integration is a critical need. Weâre confident these strengths represent a winning equation for continued growth and success in our next decade of customer service."