eFinance Selects Sagent's Real-Time Information Service to Accelerate Credit Approval Process
Business Wire - May 01, 2000 08:28
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 1, 2000--
Centrus Real-Time(TM) Automates Online Credit Approval Process and
Adds Address Verification for Online Financial Services Firm
Sagent Technology Inc. (Nasdaq:SGNT), a leading provider of Real-time e-Business Intelligence solutions, today announced that eFinance Corporation, (http://www.efinance.com) an online buying community and business-to-business systems provider for small business financial services, has selected Centrus Real-Time(TM), Sagent's real-time information service, to enable the pre-qualification of customer credit applications instantly and securely via the Web.
Using Centrus Real-Time, eFinance is able to verify the accuracy of an applicant's demographic information in real-time. This allows customer service representatives to request immediate clarification or correction from the customer and significantly decreases the time involved in the credit application approval process. By incorporating valuable external, widely available third party business data, including demographics, geographics and other business information, Sagent provides the tools for creating the most comprehensive customer profiles available. This enables eFinance to more accurately pre-screen applicants for faster, more precise approvals.
"Our online customers are looking for immediate responses to their credit application inquiries," said Chris Beekhuis, vice president of engineering, eFinance. "By using Sagent, we are able to pre-qualify credit applicants rapidly with a high-degree of accuracy, helping us to dramatically improve our customer service and significantly increase our customer base."
Sagent delivers the only open, scalable solution that addresses the complete life cycle for e-Business Intelligence, including development, production and ongoing management of a company's information assets. The Sagent Solution allows businesses to collect and analyze customer and operational data from existing systems and to incorporate the most current geographic, business-to-business and demographic information from third-party content providers in real time. This information is then made available over the Web via a secure connection to create precise one-to-one marketing campaigns, identify profitable sales opportunities, and improve operational efficiencies.
About eFinance Corporation
eFinance Corporation (http://www.efinance.com) offers the first online buying community for small business financial services. By bringing together many small businesses, eFinance creates a buying group that rivals a Fortune 500 company in both size and purchasing power. Through its unique business model, eFinance delivers small business customers tremendous buying power, competitive market pricing and easy online access to personalized financial information.
eFinance also facilitates business-to-business (B2B) transactions for online exchanges, vendors, portals and other e-commerce companies. eFinance provides online B2B transaction financing via proprietary, patent-pending credit decisioning systems. These B2B transactions are completed either directly through eFinance or its partner sites. As a transaction enabler, eFinance can integrate its transaction system with the infrastructure of partner sites, facilitating online, real-time completion of B2B transactions between buyers and sellers.
Headquartered in Silicon Valley, eFinance's seasoned management team combines extensive small business, Internet and finance experience. eFinance was founded in 1999 to transform the delivery of small business financial services. eFinance partnered with the San Francisco-based Digital Ventures to organize and develop eFinance. |
