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Tampa FL
December 4, 2006 |
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Chrysalis
and Dominion Business Finance announced a
partnership where the two companies will jointly
create, own and market a custom-solution
targeted at the niche market of 3,500+ financial
services companies providing working capital
finance to SME (Small & Medium-sized
Enterprises) by way of asset-based lending (the
primary collateral being invoice and the mode of
finance being "factoring").
The system dubbed GABLE (Generalized
Asset Based Lending & Evaluation) is to be
leverage Microsoft technologies. The system
covers areas such as Prospects Management,
Assessment, Interfaces to Credit Rating/Scoring
Networks, Judicial Databases, Security Interest
Filing Databases etc. In addition to a robust
accounting module, the system will provide an
in-depth collateral management module enabling
lenders to detect & understand trends (such as
Dilution, Customer Concentration, Irregular
Cashflow etc.) in the working capital profile of
their borrowers giving them a powerful tool to
pre-empt delinquencies.
Footnote:
Dominion
Business Finance stands apart as the institution
both the financial and business communities look
to for unparalleled working capital solutions.
More details about DBF can be had at
www.dominionbusinessfinance.com
Chrysalis Information Systems Limited
(CISL) is a pioneer in software solutions. For
more information, visit Chrysalis online at
www.cislworld.com.
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