|
||||
Edgeware Analytics' ScoreEdge™ Business Loan Decision Model Now Available to Vision Software Solutions' fisCAL™ UsersfisCAL Customers Gain Powerful Insight Into Origination Risk With Empirical Model Built on a National Portfolio of Small Business LoansSAN DIEGO, CA and CHARLESTON, SC -- (MARKET WIRE) -- 05/01/2006 -- Edgeware Analytics, a leading provider of decision tools for small business lenders, and financial analysis software leader Vision Software Solutions have announced today the immediate availability of Edgeware's ScoreEdge™ small business decision model through Vision Software Solutions' fisCAL™ product. fisCAL customers now have access to the powerful origination-time prediction tool for more accurate approvals and measurable profit lift. ScoreEdge, an empirical decision model, evaluates standard business-loan application data to give lenders greater risk insight when it most matters -- at origination. The predictive tool, built on tens of thousands of small business loans from across regions and industries, works with the lenders' current process. A recent blind test of ScoreEdge evidenced a more than $1500 per-loan profit lift. National lenders and community banks alike rely on ScoreEdge for all business loan originations. Vision Software Solutions' fisCAL product is a financial analysis tool enabling easier, more accurate commercial loan decisions. The comprehensive analysis includes: ratios, trends, cash flow, breakeven, projections, credit history and scores, and industry peer-group comparisons. Leading community banks, credit unions and mid-market organizations rely on fisCAL to drive accurate financial assessments.
The seamless integration gives fisCAL customers real-time access to the ScoreEdge small business decision model. The addition of ScoreEdge to the fisCAL analysis provides a more accurate approval of small business loans. ScoreEdge has been proven effective on conventional and government-guaranteed loans alike. "Our integration with ScoreEdge gives our clients real-time access to a powerful predictive small business decision model," said Barry Brinson, president of Vision Software Solutions. "We are thrilled to position our customers to better assess the risk of new business loans -- and ultimately be better equipped to make the right decision." "Vision Software Solutions has long been a leader in the financial analysis software industry," said Mike Rozman, president of Edgeware Analytics. "We are proud to integrate ScoreEdge into fisCAL, a best-of-class financial analysis tool. As of today, fisCAL users can now enjoy the predictive insight of a powerful empirical model in addition to the financial analysis features they've relied upon to drive decisions." About Edgeware Analytics Edgeware Analytics, Inc., an innovative provider of customized and generic decision tools to lenders, combines expertise in statistical modeling and credit evaluation to create profit-enhancing predictive models. Used by national lenders, certified development companies and community banks; Edgeware's ScoreEdge™, ScoreEdge504™, and Oscore™ products, work in conjunction with a lender's established underwriting procedures to measurably improve the accuracy of small business credit approvals. Additional information can be found at: http://www.edgewareanalytics.com/. About Vision Software Solutions Vision Software Solutions is a leading provider of software to community banks, credit unions, and mid-market organizations with solutions that optimize business processes, reduce costs, improve financial analysis, and lower risk. Their financial analysis software, fisCAL™, enables easy, accurate commercial loan decisions. fisCAL's comprehensive analysis includes: ratios, trends, cash flow, breakeven, projections, credit history and scores, and industry peer-group comparisons. Additional information can be found at: http://www.visionsoftwaresolutions.com/.. Mike Rozman 888-672-6730 Email Contact | ||||