Cratos Capital Implements Loan Servicing and Syndications Product Suite
Friday, October 27, 2006
Fidelity National Information Services announced the implementation of its ACBS Loan Servicing and Syndications Product Suite at Cratos Capital Partners. Cratos Capital will use the ACBS products to originate and service its middle-market loan business.
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 ACBS’ ASP service.
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, said, “FIS’ ACBS Loan Systems was the best choice for our business. We wanted to use a single solution across the front and back office. FIS’ 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.”
Fidelity National Information Services’ 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.
Cratos Capital Partners was established as a commercial finance company that provides tailored senior and junior debt solutions to middle-market companies on a national basis. The company provides cash flow, asset-based and enterprise value loans to mid-sized companies, with commitments ranging from $10 million to $100 million or greater. It is financed by an affiliate of Deutsche Bank and Flat Hat Holdings.
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