VenServ Integrates MicroBilt's Software Developers Kit
Delivers over $200,000 savings in development costs
Kennesaw, GA – March 14, 2001 - MicroBilt Corporation, the premier provider of credit access software via the Internet, announces that the leading provider of innovative, web-based product financing solutions, VenServ, Inc., has begun using the MicroBilt Software Developers Kit (SDK) to provide instant credit access to its customers over the World Wide Web. MicroBilt's Software Developers Kit (SDK) provides a cost effective process for companies to integrate access to credit bureau data from the three major consumer bureaus and two commercial bureaus right into their applications, increasing productivity throughout the entire credit department.
"We are pleased to have VenServ, the premier web-based originator of financial services products, using our services to integrate instant access and instant decisioning to their website," said Ken Hill, President of MicroBilt Corporation. "The big challenge for us was to integrate the credit bureau data within VenServ's infrastructure without incurring high labor costs and with minimal disruption of VenServ personnel." In fact, by utilizing MicroBilt's Software Developers Kit, VenServ's programming staff was able to slash their development time from 18 man-months to less than 3 months.
"The MicroBilt SDK drastically cut our costs and saved us over $200,000 in man hours," said Robert D. Parker, President and CEO. "With MicroBilt's ten years of experience in credit access software, we knew that we were getting much more than just another software vendor relationship- they delivered, plain and simple."
The MicroBilt SDK enables companies to stay on the leading edge of credit decisioning while enabling employees to handle more pressing issues such as sales, marketing and customer service. "With key personnel freed up and focused on our core business, we expect these significant cost savings to continue, and the ROI to be significant," said Mr. Parker.
MicroBilt's SDK is geared to companies who extend credit or have a need to run credit reports for their businesses. Companies, who frequently use multiple credit bureaus for running reports, find the MicroBilt interface provides a way for developers to automate the process and integrate multiple credit bureau data and reporting into their internal system. VenServ recognized this opportunity and was able to automate and simplify their business while at the same time reducing the cost and time of development.
VenServ, Inc. is the premier provider of innovative, web-based product financing solutions. Serving small, medium-sized and Fortune 1000 companies, VenServ provides a quick and efficient method of financing equipment purchases. The company strives to deliver total customer, vendor and underwriter satisfaction through its "high tech, high touch" approach. VenServ's proprietary, fully integratable and web-enabled credit decisioning and application processing system ("VenStat") offers a seamless, secure and scalable solution. VenStat improves information processing, increases sales and expands the client base for VenServ's vendor partners and offers better quality transaction flow to VenServ's underwriter partners. VenServ is backed by Warburg Pincus. More information is available at www.venserv.com or by calling 818-735-0439.
MicroBilt, a division of Bristol is a nationwide leader in credit bureau data access and retrieval, providing credit solutions to the Financial (banking, mortgages, home equity, credit union, collections), Rental or Leasing, Health Care, Insurance, Law Enforcement, Educational (Universities, Colleges and institutions of higher learning) and Utilities (gas, electric, cellular, cable, residential phones) industries. MicroBilt provides interfaces with the three consumer bureaus, Equifax (NYSE: EFX), Experian (London Stock Exchange: GUS) and Trans Union and the two commercial bureaus, Dun & Bradstreet (NYSE:DNB) and Experian Business. Currently bureau data is available via dial-up software, Internet website access (creditcommander.microbilt.com), or through an integrated custom interface utilizing the Software Developers Kit. MicroBilt services over 30,000 customers throughout the United States and Canada. MicroBilt (www.microbilt.com), formerly a First Data Corporation (NYSE: FDC) subsidiary, is headquartered in Kennesaw, Georgia with offices in Princeton, New Jersey, South Carolina and California.