A new suite of lending platforms is launched for credit unionsand their members.

Core provider Monett, Mo.-based Jack Henry & AssociatesProfitStars' division announced the launch of Commercial LendingCenter Suite.

ProfitStars new comprehensive collection of lending services andsolutions combines several existing solutions with newly developedresources in a range of delivery methods to help lenders identifythe most appropriate products.

ProfitStars' Commercial Lending Center Suite includes theCommercial Lending BusinessCenter, a secure portal where borrowerscan share financial information directly from their accountingsystem. The lender receives a business health report with trendsand ratio analysis, and other strategic resources.

The Suite also includes Commercial Lending FinancialCenter, anonline portal – complete with application, financial packageassembly, workflow, and pipeline management – that allowsbusinesses to apply via any Web-enabled device; LendingNetwork, anonline marketplace with non-traditional loan options that matchesborrowers with appropriate alternatives; Commercial LendingManagement System for managing commercial loan relationships;FactorSoft, for the monitoring and management of purchased accountsreceivables; and BusinessManager, for offering initial and ongoingcash to creditworthy businesses.

“Commercial Lending Center Suite gives financial institutionsthe flexibility to customize lending processes to meet the needs ofa wider variety of commercial borrowers and compete like neverbefore. The centralization of these resources also expands ourorganization's use of a 'suite' delivery model, an ongoinginitiative to help clients derive optimal value from our softwareand services.” Russ Bernthal, president of ProfitStars, said.