Republic Business Credit Implements Bayside Business Solutions' CADENCE System
FOR IMMEDIATE RELEASE:
CONTACT:
Stewart Chesters
Republic Business Credit
Phone: 866.722.4987
Email: schesters@republicbc.com
Url: www.republicbc.com
Peggy Gordon
Bayside Business Solutions, Inc.
Phone: 205.972.8900, ext. 251
Email: pgordon@baysidebiz.com
Url: www.baysidebiz.com
REPUBLIC BUSINESS CREDIT IMPLEMENTS BAYSIDE BUSINESS SOLUTIONS’ CADENCE SYSTEM
New Orleans, LA and Birmingham, AL –September 30, 2011– Republic Business Credit and Bayside Business Solutions, Inc., are pleased to announce that Republic Business Credit has successfully completed its implementation of Bayside’s FactorSoft Live system to administer its new commercial lending program.
FactorSoft Live, Bayside’s web-accessed version of its flagship product, CADENCE|Factoring (formerly known as FactorSoft), is a complete portfolio management system for factoring and accounts receivable finance. It provides the same features and functionality found in the client-installed product, including system security rules, trend analysis, purchase processing, detailed aging, and more, via secure, online access, but with the convenience of having Bayside supply and maintain the infrastructure as well.
Republic Business Credit also employed Bayside’s ClientWeb interface. With ClientWeb, Republic’s customers can access their account status in real time, whenever it is most convenient for them. The interface also provides customers with the ability to supply information to Republic Business Credit. ClientWeb even features an optional Chat tool for improved communication between lender and customer.
“We have known and worked with Stewart Chesters and Allen Frederic for many years,” explained Debora Musikar, Senior Vice President of Bayside Business Solutions, “and are very gratified that they chose Bayside as their technology partner for their Republic Business Credit operation. FactorSoft Live was the ideal solution to get them up and running, quickly and efficiently, enabling them to rapidly begin taking on new business. We look forward to working together with them and their team, keeping pace with their growth, as they expand their nationwide portfolio.”
ABOUT REPUBLIC BUSINESS CREDIT
Republic Business Credit is a receivables finance business headquartered in New Orleans with regional offices in Illinois and Texas. Offering a unique balance of size, flexibility, and a people-first approach, Republic is independent of the banking and corporate sector, allowing them to be both commercial and real world in their decision-making.
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.
