Credit & Management Systems, Inc. and OANDA Reach Agreement
Corporate Credit Manager Software Incorporates Popular Currency Conversion Service
Lake Bluff, IL - December 28, 1999 - In order to meet the increasing usage of their software products by multi-national firms, Credit & Management Systems, Inc. (CMS) has finalized an agreement with OANDA to utilize the world’s most popular currency conversion service in CMS’s highly acclaimed Corporate Credit Managertm (CCM) credit decision support software tools.
Through direct transfer of currency conversion data on 164 currencies, users of the CCM system will now be able to view all currency related data fields in their native currency, converted immediately and automatically. The data transfer process can be scheduled to run outside of the CCM software, so data files can be kept current without manual intervention.
"The seamless integration of timely currency conversion data into CCM was critical to making the system fully multi-currency", said John S. Sargent, President and CEO of CMS. "We selected OANDA because of their reputation for quality and reliability, and their willingness to provide their service in a way that fit our, and our clients’, needs."
About Credit & Management Systems, Inc.
Since 1987, Credit & Management Systems, Inc. has been the leader in the development and deployment of decision support software solutions for corporate and commercial credit management. CMS’s highly acclaimed Corporate Credit Managertm (CCM) software system is the most powerful and widely used commercial credit scoring, financial analysis, risk management, and decision support system available. With more than 1,100 users worldwide, domestic and international firms rely on CMS and CCM for timely, yet comprehensive, complete and thorough analysis to support their credit decisions. CCM has become the generic name associated with decision support software for credit management. Credit & Management Systems, Inc. is a privately held company with headquarters in Lake Bluff, IL. For additional information, visit Credit & Management Systems, Inc. on the Web at www.ccmcms.com
About OANDA
The Currency Site by OANDA is best known for its easy-to-use Currency Converter for more than 164 currencies and innovative currency information services on the Internet. Established in late 1996, as the Internet subsidiary of the Zurich-based leading financial technology firm, Olsen & Associates, OANDA develops and markets a full spectrum of quality FX services with a strong focus on customizability.
OANDA is committed to making the essential currency information easily accessible to anyone including currency investors and traders, professionals in corporate procurement, business and private individuals who buy and sell globally, or the peripatetic road warrior. Actively providing currency conversion services for Internet users of CNN, Pathfinder, Swissair, American Express, among others, OANDA has won wide acclaim as the best source for foreign exchange rates. For additional information, visit the OANDA web-site at www.oanda.com
Contact: For: Credit & Management Systems, Inc. John S. Sargent, President & CEO 847.735.9700
For: OANDA Jeff Hunter, EVP-Director of Sales and Marketing 212.618.1269
