Zoot started out by helping financial institutions improve their processes. That spirit of innovation continues today with this invention. And, we’re not done innovating yet.
Bozeman, MT (PRWEB) February 17, 2015
Zoot, a leading provider of advanced instant credit decisioning and loan origination solutions, announced today that the U.S. Patent and Trademark Office granted the issuance of U.S. Patent Number 8,904,342 for the company’s system and method for rapid development of software applications. Zoot’s patented interface design tool remedies the technological challenges of building automated business systems.
“Zoot started out by helping financial institutions improve their processes. That spirit of innovation continues today with this invention,” said Chris Nelson, CEO and founder of Zoot Enterprises. “Our industry is facing big changes as consumer preferences shift. Zoot's approach to providing flexible tools and services is exactly what banks need to adapt quickly. And, we’re not done innovating yet.”
Zoot’s invention gives business users the ability to design custom interaction pages for any database-driven application without IT or programming staff. The interface design tool allows users to build screens that meet the exact requirements of any institution while automatically handling all of the complex programs on the back side so the complete system can work seamlessly. The invention is also capable of reading database structures and mapping complex data, meaning business users can easily access it without having specialized or highly technical skills.
“Using this innovative tool, financial institutions can reduce the time to create, test, and deploy custom interaction pages by as much as 90 percent,” said Tom Johnson, vice president of strategic alliances for Zoot and one of the named co-inventors on the patent. “The easy-to-use design environment allows for the creation of user friendly pages while at the same time handling complex data and relationships. This is truly one of the most innovative capabilities of our invention.”
Virtually every large company in the world uses an automated business system in some part of their operations. Examples run the gamut from online retail sites to delivery truck routing systems to credit applications. With this invention, there is an easy and efficient way to build custom automated business systems that include visual design elements of display pages (front-end interfaces) connected to a database (interface to the back end).
"The creation of an underwriting application screen for a loan origination system involves coding every design aspect, data field and database interaction by hand. This process is incredibly time consuming and requires the involvement of software engineers," says Johnson. "Through the use of our invention, the creation of standard application pages can be completed in one to two hours, rather than the 50 to 100 hours it takes in a typical software application development environment. This provides a huge savings in development costs and significantly decreases time-to-market."
Tom Johnson, Pete Quinlan, Kevin Fletcher, Warren Bauder, Gretchen Bauder, Robert Banfill and Ryan Sasser are inventors of the patent issued to Zoot Enterprises on December 2, 2014. For more information about how this invention can help financial institutions develop and update their automated business systems visit Zoot’s interface design tool webpage.
Bozeman, Mont.-based Zoot Enterprises, Inc. is a global provider of advanced origination, acquisition, and decision management solutions. For 25 years the company’s innovative tools and services model has enabled Zoot clients to meet their exact business objectives and adapt quickly to seize market opportunities. Zoot’s multinational processing environment has the capacity to deliver billions of realtime decisions annually. Visit http://www.zootweb.com or call 406.556.7555 for more information.