In the News: Xynergy Healthcare Capital (XYN) Implements Bayside Business Solutions’ CADENCE System
FOR IMMEDIATE RELEASE
CONTACT:
Xynergy HealthCare Capital LLC
Fred Leder
Phone: (855) 358-8258
Email: fleder@xynergyhealth.com
Url: www.xynergyhealth.com
Peggy Gordon
Bayside Business Solutions, Inc.
Phone: 205.972.8900, ext. 251
Email: pgordon@baysidebiz.com
Url: www.baysidebiz.com
Xynergy Healthcare Capital (XYN) Implements Bayside Solutions’ CADENCE System
Fort Lauderdale, FL and Birmingham, AL – Oct. 21, 2011 – Xynergy Healthcare Capital and Bayside Business Solutions are pleased to announce that Xynergy has successfully completed its implementation of Bayside’s FactorSoft Live system to manage their healthcare-provider finance 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 and factoring business in a secure, hosted environment. CADENCE|Factoring is used by many leading A/R finance and factoring companies in the United States and is deployed in six other countries as well.
“Bayside’s platform has allowed us to incorporate our healthcare related protocols within the framework of its easy-to-use and highly reliable CADENCE product,” according to Fred Leder, Director at XYN. “The highly knowledgeable and accessible team at Bayside is always available to answer a question, solve a problem or offer more training.”
“Xynergy is a great addition to the Bayside family of clients and a pleasure to work with,” stated Marvin McConaghy, Vice President of Business Development for Bayside. “Medical accounts receivable financing is a complex business requiring extensive knowledge of the healthcare industry. We’re delighted that they chose the CADENCE platform to manage their operations.”
ABOUT XYNERGY HEALTHCARE CAPITAL, LLC
Xynergy Healthcare Capital, LLC (XYN) is a nationwide financial services company providing customized Medical Accounts Receivable Finance programs exclusively to the healthcare industry. The XYN program is a sale and purchase agreement designed to accelerate cash flow for generating working capital stimulating growth and profitability. The professionals at XYN have over a decade of experience in this highly specialized niche and look forward to continued success.
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.
