New Product Development - F.I.T.S.
Innovative Systems & Software, Inc. proundly announces an effort to develop the Financial Instruments Tracking System (FITS), which is a comprehensive fiscal tracking and analysis application for medium to large enterprises operating in the lease management and accounting industries.
ISS has been selected to be the primary developer for the Financial Instrument Tracking System (FITS) by one of the leading lease accounting companies, Senour Designs, Inc. (SDI). In February of 2005, SDI formed an alliance that will be a first in the leasing industry. SDI has formed a strategic alliance with ISS, Cyence International, a provider of financial collaboration software, and Ivory Consulting, a provider of pricing analysis software to create a first for the equipment leasing and finance industry: an integrated lease and loan transaction processing system designed from the front end to the back end.
The alliance led by Senour Designs is positioned to develop a full-featured financial origination, credit, and accounting engine, called the Financial Instruments Tracking System (F.I.T.S.). The alliance expects to have a beta release of the core processes by this Fall. The product will be based on extending and integrating the industry-leading software packages of Cyence and Ivory with the innovative accounting designs of Senour Designs, developed from over 30 years of industry experience.