In the News: Harborcove Financial Selects Bayside Business Solutions' FactorSoft Live System
FOR IMMEDIATE RELEASE
CONTACT:
Simina Cana
Harborcove Financial, LLC
Phone: 212.600.2050
Email: sck@harborcovefinancial.com
Url: www.harborcovefinancial.com
Peggy Gordon
Bayside Business Solutions, Inc.
Phone: 205.972.8900, ext. 251
Email: pgordon@baysidebiz.com
Url: www.baysidebiz.com
HARBORCOVE FINANCIAL SELECTS BAYSIDE BUSINESS SOLUTIONS' FACTORSOFT LIVE SOLUTION
New York, NY and Birmingham, AL – Sept. 9, 2011 – Harborcove Financial LLC and Bayside Business Solutions, Inc., are pleased to announce Harborcove’s successful adoption of Bayside’s FactorSoft Live system to administer its business-to-business lending program.
Harborcove has used CADENCE | Factoring from the time of its first client closings in April 2010. The FactorSoft Live version delivers the same features and functionality found in the flagship product—such as system security rules, trend analysis, purchase processing, detailed aging, and more—but via secure, online access.
Simina Kroculick, Chief Operating Officer of Harborcove stated, "CADENCE is much more than a software package. It is a business tool backed by an outstanding team that helps Harborcove provide a better product to its customers and realize a higher operating efficiency. We chose CADENCE from the launch of our company, and we could not be happier with the choice."
Harborcove also implemented Bayside’s ClientWeb interface. ClientWeb provides a lender’s customers with the ability to both access their account status in real time and supply additional information to the lender.
Russell Hackmann, President of Harborcove, added: "When we are pitching a prospective customer, among the reasons we cite to choose Harborcove is the excellent interface we provide to customers. CADENCE is bringing superior technology to an area of finance that has been behind in upgrading its customer experience."
“Harborcove is an innovative player in the accounts receivable funding marketplace and a great business partner. We are delighted that their search for a software platform on which to base their business led them to Bayside,” said Marvin McConaghy, Vice President of Business Development for Bayside Business Solutions. “They are a great addition to the Bayside family of clients and a pleasure to work with. We look forward to their growth and success.”
ABOUT HARBORCOVE FINANCIAL LLC
Harborcove is a commercial finance company that provides accounts receivable financing, asset based loans, and other forms of financing to small and medium-sized businesses. They offer financing lines from $200,000 to $5 million to entrepreneurial clients seeking a business partner that can put up cash quickly to finance growth. In addition, Harborcove provides tailored solutions to medical businesses via its Harborcove Healthcare Finance division.
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.
