In the News: Interstate Capital Corporation Selects Bayside Business Solutions’ Cadence Platform
FOR IMMEDIATE RELEASE
CONTACT:
Marvin McConaghy
Vice President
Bayside Business Solutions, Inc.
Phone: 205.972.8900
Email: mmcconaghy@baysidebiz.com
Url: www.baysidebiz.com
Interstate Capital Corporation Selects Bayside Business Solutions’ Cadence Platform
Birmingham, Alabama – July 22, 2010 – Bayside Business Solutions, Inc., a leading developer of commercial finance management software, announced today that Interstate Capital Corporation of Santa Teresa, New Mexico, has implemented Bayside’s CADENCE Portfolio Management Platform to administer its business-to-business lending.
CADENCE is the commercial finance industry’s first and only complete portfolio management system, allowing financers to monitor a full menu of collaterals on a single platform. The flexibility grants a lender the freedom to offer its clients asset based lending, accounts receivable finance, inventory, medical receivables, and more, without the additional infrastructure and burden inherent in maintaining multiple, unrelated software applications.
Tony Furman, President of Interstate Capital Corporation, said, “Members of my management team have been awed by CADENCE’s many features and how it has been transforming our back office.”
Addressing the conversion process, he goes on, “The Bayside staff was both receptive and responsive throughout the course of implementation ensuring the software was configured in exactly the manner we needed.”
Russ Opper, Managing Director of Bayside Business Solutions stated, “We are excited that Interstate Capital Corporation has chosen CADENCE and has joined our family of clients. ICC has been a part of this industry for some time, and we believe this will be a mutually-beneficially relationship.”
“Our clients are a critical resource,” Mr. Opper continued, “as they are essentially the directional compass guiding the enhancements of our existing products and the development of new products.”
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.
ABOUT INTERSTATE CAPITAL CORPORATION
Interstate Capital Corp. (“ICC”) was founded over 16 years ago in Santa Teresa, New Mexico. ICC’s executive management team has more than 60 years of combined experience in the finance industry, and its operations management team has more than 20 years of combined experience in factoring operations management. ICC and its affiliates employ approximately 50 full-time financing professionals to service an international client base. ICC employs its own capital in the ongoing purchase of its clients’ invoices.
