Wolters Kluwer Financial Services latest version of its TSoftPlus Small Business Administration lending solution now allows users to import and export XML files to facilitate file sharing with external SBA packagers.

This assists banks that use external packagers to produce some or all of the SBA application. The latest version of the solution also includes various document changes required by the SBA, as well as features requested by users such as the ability to copy transactions and import data from the legacy TSoft SBA FormMaster+ product all to improve efficiency.

In addition, the solution now features financial analysis improvements including adding individuals to global cash flow to meet the SBA's most stringent requirements for determining eligibility; line item exceptions on automatic calculations of proforma revenue and expenses providing more control over the analysis; and the ability to lock the worksheet to protect it from changes by unauthorized users.

TSoftPlus offers institutions a browser-based user interface. It can be accessed via a banks intranet and is fully-scalable for single or multiple organizations. Because it is browser-based, the solution does not require additional installations or updates on each workstation when new versions are released. And because the bank hosts the software and all borrower data on its own intranet, it controls the security of this information.

The TSoftPlus solution also uses Wolters Kluwer Financial Services' automatic document selection technology to produce PDF loan files for email, printing, and submission to the SBA. The solution can integrate with the SBA's Authorization Wizards using Microsoft Word, which allows banks to submit loan applications and receive approvals through the SBA's E-Tran system. In addition, banks can perform financial analysis in Microsoft Excel, which is integrated within the solution.

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