Cratos Capital has deployed ACBS Loan Servicing, ACBS Origination, ACBS DataMart, ACBS SyndTrak and ACBS SyndTrak Online. Cratos Capital will use the integrated product suite via ACBSâ ASP service.
Cratos Capital Partners, LLC, is a commercial finance company specializing in enterprise value lending for middle market clients. Cratos Capital's hybrid lending approach addresses an existing void in the middle market arena and creates customized financing packages with loans ranging from $10 million to $100 million or more. These financing packages can include options such as revolving credit and senior and junior term loans, with structures that fit the unique business needs of each client.
Cratos Capital has deployed the ACBS solutions in its front and back office to efficiently originate and service syndicated loans. In addition, ACBS DataMart will provide true business intelligence, giving Cratos easy access to the information necessary to manage its syndications business. Cratos will use ACBS SyndTrak Online for communication of transaction documents and information on line via secure deal sites.
David Gittleman, co-president of Cratos Capital Partners, LLC, said, âFISâ ACBS Loan Systems was the best choice for our business. We wanted to use a single solution across the front and back office. FISâ product and integration strategies are in alignment with our needs as a growing business. The speed to market, in terms of the three-month implementation and technology deployment in the ASP service, also allows Cratos to concentrate on growing our business while simultaneously using the best technology to provide superior service to our clients.â
Richard Levy, president of FISâ ACBS division, said, âWe are pleased that Cratos Capital Partners has selected ACBS for its loan syndications business. It validates our strategy to offer an integrated solution to the market that can be deployed in-house or via our ASP. Based on our ACBS application suite, proven experience and leadership in the syndicated lending market, Cratos Capital will be well positioned for future growth.â
Fidelity National Information Servicesâ ACBS is an integrated family of commercial lending products that automates the entire range of commercial lending activity, including deal origination, primary syndication Web-based deal publishing, settlement and accounting, risk management and loan trading. Twenty of the top 25 global financial institutions ranked by Tier 1 Capital use ACBS commercial loan software. The products operate in real time in any currency. ACBS products run on WindowsTM and IBMÂ® i-SeriesTM platforms or through an Application Service Provider (ASP) and are licensed by more than 90 leading financial institutions, including ABN AMRO, Bank of America, Barclays Capital, Canadian Imperial Bank of Commerce, Rabobank, Dresdner Bank, GE, JPMorgan Chase, Merrill Lynch, PNC and Scotiabank.