NORTH RICHLAND HILLS, Texas--Cypress Software Systems, LP and Asch Advisory Services LLC of Petaluma, Calif. have created an alliance to develop small business credit origination scoring systems for integration into Cypress’s Bureau Interpretation and Scoring Engine (BISE) for its BizMark automated small business loan decisioning software.

“Part of our new BISE option for BizMark is the ability for financial institutions to deploy custom or generic scorecards from Asch Advisory Services to drive automated credit decisioning,” said Stephen G. Sargent, president and chief executive officer of Cypress Software Systems. “Latimer Asch and his staff at Asch Advisory services truly understand the small business lending requirements of financial institutions of all sizes, and the need for automated decisioning to help those institutions effectively compete in today’s lending environment.”

Asch Advisory Services LLC provides strategic and technical consulting for all aspects of credit risk management with a focus on small business lending. The firm combines deep technical expertise in analytics and automated decisioning with extensive domain knowledge in financial services to help its clients optimize the use of sophisticated credit risk management solutions.

“Cypress has aggressively pursued the market for automated application processing in the small business lending market with a focus on small to mid-sized financial institutions – a market that has been underserved and has demonstrated increasing demand for score-based automated decisioning,” said Latimer Asch, managing principal of Asch Advisory Services. “This alliance will help both firms effectively reach these organizations to bring efficiency and consistency to their small business lending operations.”

BizMark processes small business loan applications and is based on a Cypress-delivered .NET/Microsoft SQL Server platform. It runs in a customer relationship management (CRM) environment, enabling lenders to take credit requests including principal and financial statement data; retrieve and interpret consumer and business credit reports; perform ratio analysis; and score the results. The software handles small business commercial credit requests for lines of credit, term loans, corporate leases and corporate credit cards.

About Cypress Software Systems

Headquartered in North Richland Hills, Texas, USA, Cypress Software Systems, LP is a leading developer of automated credit application decision support technology. Cypress provides community and regional banks, finance companies and credit unions with loan application decision and tracking tools equivalent to those used by the largest national lending institutions. Clients, nationwide and in 16 countries, use the company’s flagship products, Mark IV and BizMark, to quickly and consistently process consumer and small commercial loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking consumer loan applications from point of entry to point of decision. Cypress’ BizMark loan automation software processes commercial loan requests within a customer relationship management environment. Both products may be licensed in the bundled Cypress Suite and are offered in either an application service provider (ASP) or traditional business model. The company’s product line also includes AppMark, an ASP-only consumer lending solution for community banks with assets of $250 million or less. Web Site: www.go-cypress.com.