NEW YORK, NY Jan 22, 2002 Y-Point, a provider of multidisciplinary business and technology services for the "Networked Economy", today announced the launch of the Cyber Business Credit suite of web services. The suite encompasses three web services, Bernard Sands trade credit recommendation and advisory service, Cyber trade groups and debtwatcher.com bad debt placement information services.
Since 1925, Cyber Business Credit, formerly Bernard Sands Credit Consultants has been providing customized credit solutions that fit the needs of a large and satisfied customer base. In late 2000, Cyber presented Y-Point with a unique challenge: to help migrate their business critical IT systems as well as paper-based business processes to the web environment. The goals of the migration were to leverage the considerable data accumulated through its long history and provide a richer feature set to its clients while building a platform to significantly increase the efficiency of the business processes.
Y-Point, using its Managed Competency Center (MCC) service offering, proposed and built a series of web applications for Cyber Business Credit (www.sandscredit.com, www.cyberbusinesscredit.com and www.debtwatcher.com). The new systems keep a wide array of industry groups up to date, by the minute, on the credit performance of potential new customers as well as their current customers. It gives its clients competitive advantage with cutting-edge technology that streamlines communications and processing, and expert analysis that crunches the numbers from Cybers' extensive database, containing millions of lines of credit decision support information, to forecast liquidity and credit worthiness. In providing this "soup-to-nuts" portal development service to Cyber, the Y-Point MCC supplied all technology development services, as well as data center selection, migration of data from mainframe systems, etc.
Y-Point selected BEA WebLogic(R), the world's leading eBusiness software platform from BEA Systems, as the infrastructure for the portal. This choice was made in order to provide the requisite levels of performance, scalability and stability required for supporting Sands' growth targets. Y-Point created a J2EE compliant architecture for the portal to support feature extensibility going forward.
"Y-Point has done an excellent job for Cyber Business Credit. The Y-Point team brought excellent technical know-how to the project, and displayed a commitment to go the extra mile to fulfill our very stringent needs," said Mark Jones, Chief Executive Officer at Cyber Business Credit. "I would have no hesitation in using them for future projects" he added.
"Y-Point is dedicated to our customers' success and total satisfaction. Y-Point used its technical expertise and resources worldwide to launch the Cyber portal in a cost-effective manner", said Daniel Stryker, VP Business Development and Sales at Y-Point Inc.
"The real challenge in redesigning the system was to understand the way the old system was working, understand the new requirements, and come up with a design which would make the transition transparent both for the clients as well as the administrators using the system. The Y-Point business analysis, design and development team did an excellent job by putting together innovative design approaches." said Sanjeev Deora, Director of Consulting at Y-Point Inc.
Y-Point, using its Business Services Center (BSC) arm, will be providing industry grade production support services, including all technical maintenance support for the live applications and components.
About Y-Point
Y-Point Inc. is a privately held technology corporation with a client base that includes Global 2000 corporations as well as startup firms, located in major world centers like New York, Sao Paulo, London, Geneva, Tokyo, and Mumbai/Bombay. Y-Point has made a lasting impression as a ubiquitous and high quality provider of technology services for its customer base spread over Capital Markets, Telecom/Networking, and Business Process Automation segments. Y-Point builds and operates networked software systems ranging from simple web sites to complex portals that aggregate content, applications, and secure access to products. Our customers derive significant value from Y-Point's ability to build and operate business critical systems, by integrating a wide range of technologies and products based on customer need. We partner with technology and product vendors in areas as diverse as application servers, messaging systems, security products, data analysis products, etc. We have an unwavering commitment to our clients, and to superlative methodologies. Y-Point continues to demonstrate and exploit the power of the new, networked economy, by delivering technology services from locations where they are most easily available to locations where they are most in demand. Y-Point uses its Managed Competency Center (MCC) service offering for building applications and for providing solutions. Y-Point provides post-production support through its Business Services Center (BSC) arm.
About Cyber Business Credit LLC
Cyber Business Credit LLC ("CBC," and/or "Cyber"), a New York-based privately held company, was formed in 2001 with the acquisitions of N.Y. Credit Group Service, Inc., Bernard Sands Credit Consultants, and debtwatcher.com.
The CBC family of companies includes supply chain research, education, business credit risk management, consulting, and business intelligence services.
Cyber's family of solutions includes:
- Sands Credit Services, offering credit consulting and decision support solutions since 1925. - Cyber Credit Group Services, a complete business credit group management, online reporting, and administration solution for suppliers. One of the nation's oldest business credit associations, serving its members and the risk management industry since 1896. - Cyber Risk Management Group, our international credit insurance brokerage firm, providing specialized risk mitigation services. - Debtwatcher.com, our online database application providing latest information on legal actions taken against debtors nationally. - Commercial Claims Division collections agency. Providing decades of proven results through its strong network of attorneys, and its access to latest debtor trends through its affiliation to Sands and Cyber Credit Group.
At a time when the reliability of external financial reports has become suspect, CBC offers an urgently needed risk management tool by providing subscribers with a receivables-oriented, internet-delivered interface providing advance warning of changing customer credit conditions. Cyber Business Credit LLC offers one the most comprehensive suites of business intelligence solutions available today into commercial credit market conditions, bringing subscribers a unique combination of tradition, experience, cutting-edge technology, and specialized industry relationships.
Y-Point (SM) is a service mark of Y-Point, Inc.
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