Great Southern Bank of Springfield, Missouri, has selected BizMark loan software from Cypress Software Systems to automate its small business lending processes.

BizMark will help Great Southern Bank increase productivity across the bank’s entire commercial lending department by automating and expediting the underwriting and decisioning processes for smaller loans.

Cypress’ BizMark enables lenders to better handle a variety of small business loan products, including commercial credit requests for lines of credit, term loans, commercial mortgages and corporate credit cards.

The software gathers principal and financial statement data; retrieves and interprets consumer and business credit reports; performs ratio analysis; and scores the results.

The system is expected to go live this month at the bank’s 73 banking centers across Missouri, Arkansas, Iowa, Kansas and Nebraska.

Cypress Software Systems senior vice president Steven Croft said that with BizMark, financial institutions like Great Southern bank can maximize time savings and resource utilization across their commercial lending operations.

“BizMark brings speed and consistency to the small business underwriting process, thereby boosting the customers’ experience. And, with our toolset, credit risk management is improved while the cost of origination is greatly reduced, resulting in a more profitable small business portfolio,” Croft said.