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

Core provider Monett, Mo.-based Jack Henry & Associates ProfitStars' division announced the launch of Commercial Lending Center Suite.

ProfitStars new comprehensive collection of lending services and solutions combines several existing solutions with newly developed resources in a range of delivery methods to help lenders identify the most appropriate products.

ProfitStars' Commercial Lending Center Suite includes the Commercial Lending BusinessCenter, a secure portal where borrowers can share financial information directly from their accounting system. The lender receives a business health report with trends and ratio analysis, and other strategic resources.

The Suite also includes Commercial Lending FinancialCenter, an online portal – complete with application, financial package assembly, workflow, and pipeline management – that allows businesses to apply via any Web-enabled device; LendingNetwork, an online marketplace with non-traditional loan options that matches borrowers with appropriate alternatives; Commercial Lending Management System for managing commercial loan relationships; FactorSoft, for the monitoring and management of purchased accounts receivables; and BusinessManager, for offering initial and ongoing cash to creditworthy businesses.

“Commercial Lending Center Suite gives financial institutions the flexibility to customize lending processes to meet the needs of a wider variety of commercial borrowers and compete like never before. The centralization of these resources also expands our organization's use of a 'suite' delivery model, an ongoing initiative to help clients derive optimal value from our software and services.” Russ Bernthal, president of ProfitStars, said.