–CapitalStream, the leading commercial finance automation provider for the financial services industry, today announced a 75 percent increase in revenue in the first quarter of 2001 from its previous quarter. The dollar volume of credit transactions processed through CapitalStream’s Internet solution also increased 100% over the last quarter of 2000.
CapitalStream’s first quarter performance reflects strong execution in both sales and customer service, further evidenced by a 150 percent increase in the value of services billed from the previous quarter.
"CapitalStream’s strategy of enabling banks and finance companies to provide better customer service and reduce operating costs is proving to be of great value to today’s market," said Stephen Campbell, president and CEO of CapitalStream., "Our ability to support a wide range of financial products including loans, lines of credit, leases and credit cards through virtually any sales channel or device makes CapitalStream’s offerings unique."
CapitalStream provides a suite of highly configurable, browser-based applications that improve all facets of sales, marketing, origination, credit management, transaction management, documentation, and booking. CapitalStream’s web infrastructure seamlessly integrates with third parties and legacy systems for back-office and credit processing support. The CapitalStream – FinanceCenter solution can be customized to meet unique business and IT requirements and be up and running in weeks, not months. Beyond its technology capabilities, CapitalStream collaborates with key industry software and solution providers, such as Dun and Bradstreet, Experian, and Fair Isaac to continually expand the pool of commercial finance services available through a single access point.
"We will continue to anticipate and meet the needs of our customers, while driving towards profitability," added Campbell. "CapitalStream’s strong team of quality professionals is dedicated to continue winning in today’s marketplace, by providing exceptional customer service and flexible technology solutions."
About CapitalStream
Seattle-based CapitalStream strengthens existing business relationships and streamlines transaction workflow through its flexible web infrastructure for commercial finance automation. The company provides finance companies, banks and manufacturers the ability to manage, distribute and automate commercial lease, loan and credit card financing programs for their business customers and associates. CapitalStream, an established industry leader for more than five years with deep knowledge about the inner workings of the financing world, has helped hundreds of financial organizations increase their competitiveness, customer service and profitability.
For additional information, contact:
Jennifer Fox
Capital Stream, Inc.
206-548-1651
jenniferf@capitalstream.com
