CAPITALSTREAM AND IVORY CONSULTING PARTNER TO OFFER AN INTEGRATED PRICING AND FINANCE ORIGINATION SOLUTION
By Packaging Pricing and Valuation with Web-Based Front Office Automation the Partnership Will Offer a Complete Equipment Finance Origination Platform
SEATTLE - February 27, 2003 - CapitalStream , a pioneer in front office automation solutions for commercial finance operations, today announced a joint marketing and distribution agreement with Ivory Consulting Corp., developer of SuperTRUMP financial modeling software for equipment leasing and finance.
CapitalStream and Ivory will work as preferred partners to offer a packaged pricing and front office automation solution to the equipment finance industry.
SuperTRUMP, the recognized leader in lease pricing and valuation, will now be fully integrated and embedded into FinanceCenter, CapitalStream's front office automation platform. SuperTRUMP performs financial analysis and optimization for true lease, loan and lease vs. purchase transactions. The partnership provides CapitalStream a significant competitive advantage by offering a robust pricing solution as part of the application, documentation, credit decisioning, workflow automation, and advanced analytics capabilities already available through the FinanceCenter platform.
"CapitalStream provides a single integrated platform to enable banks and finance companies to transform paper-based, manual operations into integrated, automated and collaborative enterprises," said Kevin Riegelsberger, president and CEO of CapitalStream. "With Ivory as our preferred partner, our automation platform now includes the pricing choice of the world's top banks and finance companies - demonstrating our commitment to automation of the entire front office including transactions ranging from simple to highly sophisticated."
Tight integration between the two products allows finance companies and their partners to instantaneously calculate sophisticated deal structures directly over the Web. Furthermore, FinanceCenter allows finance organizations to configure complete pricing programs with all available terms and conditions. This information is tightly integrated with SuperTRUMP to automate the pricing calculations under each program and support advanced capabilities such as vendor participation calculations, targeting spreads over cost of funds, and ROA/ROE target yields. Rules based negotiation of pricing parameters allows vendors and dealers to restructure or buy-down the deal within preset limits - instantly and easily over the Web.
"SuperTRUMP is used to evaluate true lease and loan investments by thousands of users in the leasing industry - users seeking integrated, automated and collaborative procedures within and beyond financial institutions and their related partners," said Chris Ivory, president, Ivory Consulting Corp. "Our partnership with CapitalStream addresses this critical industry need and provides us an additional and evolving channel as integration and automation of complex manual processes becomes a top priority in equipment finance and commercial lending and credit."
About Ivory Consulting Corporation
Since 1983, Ivory Consulting Corporation has provided state of the art
lease analysis software for the leasing industry. SuperTRUMP was the
first PC based analysis model to provide portfolio analysis and linear
programming optimization and provides connectivity for automating workflow
management. Over 2,000 people in more than 150 companies use the Walnut
Creek, California-based company's software. Ivory's customers are among
the world's leaders in finance and leasing - from banks to captives,
to independent lessors, and lessees. For more information on Ivory Consulting
and the SuperTRUMP application visit the Web site at www.ivorycc.com.
About Capital Stream
Established in 1995, CapitalStream develops financial front office automation
solutions that enable banks and finance companies to transform paper-based,
stand-alone operations into integrated, streamlined finance supply chains.
CapitalStream solutions streamline application processing, deal structuring,
credit analysis and document generation to rapidly originate leases,
loans, lines and cards. As an established industry leader, CapitalStream
has helped many small business lending, equipment finance and commercial
lending operations to improve relationships with customers and partners,
streamline operations, reduce risk and achieve significant revenue growth.
For more information, visit CapitalStream's Web site at www.capitalstream.com.
CapitalStream contact:
Karen Thorson (206) 548 1703 karent@capitalstream.com
www.capitalstream.com
Ivory Consulting Corporation contact:
John DiMiceli (925) 926-1100 ext. 115 john @ ivorycc.com
www.ivorycc.com
