CONTACT:
Barry Morehead
Aliant Bank
Phone:  205.408.2046
Email: bmorehead@aliantbank.com
Url: www.aliantbank.com

Peggy Gordon
Bayside Business Solutions, Inc.
Phone:  205.972.8900, ext. 251
Email: pgordon@baysidebiz.com
Url: www.baysidebiz.com

 

ALIANT BANK IMPLEMENTS BAYSIDE BUSINESS SOLUTIONS’ CADENCE SYSTEM

Birmingham, AL – August 29, 2011 – Aliant Bank and Bayside Business Solutions are pleased to announce that Aliant Bank has successfully completed its implementation of Bayside’s FactorSoft Live system to manage Aliant’s business lending program.

FactorSoft Live, Bayside’s web-accessed version of its flagship product, CADENCE|Factoring, provides the tools and resources necessary for managing every aspect of the A/R finance business in a secure, hosted environment.  CADENCE|Factoring is used by many leading A/R finance companies in the United States and is deployed in six other countries as well.  

Aliant Bank also installed Bayside’s ClientWeb interface, which allows their customers to log into their account twenty four hours a day for real time account status when convenient for them.  ClientWeb also provides the ability for customers to submit information back to Aliant Bank.  An optional Chat tool further enhances the ClientWeb interface.

“When Aliant Bank needed a solution to manage our expansion into Account Receivables Purchase Lines, we compared solutions nationwide.” Explained Barry Morehead, Vice President of Asset Based Lending at Aliant Bank. “Even though we had years of experience with other vendors and other systems, we kept coming back to CADENCE.  We were skeptical that something that appeared to be such a great fit was right here in our hometown.  How did we not know this?  After several weeks of due diligence comparing vendors, we determined that CADENCE was exactly what we were looking for.”

Morehead added, “We have been extremely pleased with the capabilities of CADENCE and the support provided by Bayside Business Solutions.”

“We are pleased to welcome Aliant Bank as client and user of our online solution,” stated Marvin McConaghy, VP of Business Development for Bayside. “When Aliant purchased this line of business from another bank, they did an extensive investigation of available software suppliers and selected Bayside. We are delighted that they did and look forward to a long and productive partnership.”

ABOUT ALIANT BANK

Founded in Alexander City in 1900, ALIANT Bank has survived a depression and two recessions and continues to serve Alabama with stability and strength.  Providing you the quality of service you expect while keeping our hometown philosophy.  ALIANT Bank.  Safe.  Strong.  Secure for 109 years.

ABOUT BAYSIDE BUSINESS SOLUTIONS

Established in 1999, Bayside Business Solutions is an innovative supplier of portfolio management software to the global commercial lending industry.  Bayside has customers throughout North America as well as in Australia, the UK, Europe and Latin America.  Its operations are located in Birmingham, Alabama, and include worldwide support capabilities.