Summit Financial Resources Implements Bayside Business Solutions' CADENCE ABL System
FOR IMMEDIATE RELEASE
CONTACT:
Konrad Thiel
Summit Financial Resources
Phone: 801.474.1200
Email: kthiel@summitfr.com
Url: www.summitfr.com
Peggy Gordon
Bayside Business Solutions, Inc.
Phone: 205.972.8900, ext. 251
Email: pgordon@baysidebiz.com
Url: www.baysidebiz.com
Summit Financial Resources Implements Bayside Business Solutions’ CADENCE ABL System
Salt Lake City, UT and Birmingham, Alabama – December 2, 2011 – Summit Financial Resources, a longtime user of the CADENCE | Factoring portfolio management solution, announced today that it has implemented Bayside’s CADENCE | ABL solution to administer its asset based lending operations. Consolidation onto a single platform from two individual systems—one for factoring and on for ABL—not only streamlines Summit’s operation but allows a consolidated view of both client and portfolio position.
“Bayside’s commitment to customer service and innovation matches our corporate culture,” stated Konrad Thiel, CIO of Summit Financial Resources. “CADENCE | ABLhas provides us the ability to more efficiently deliver the superior customer service our clients have come to expect. Summit has truly developed a symbiotic relationship with Bayside Business Solutions and we look forward to continued growth with them.”
“Summit has been a great and active member of the Bayside family. They offer a wide range of services—asset-based lending, ABL flex, factoring, inventory, and equipment financing—which makes them an excellent fit for CADENCE,” explained Debora Musikar, Senior Vice President of Administration and Client Resources for Bayside. “We’re happy to a part of their expanded product offering and continued growth.”
ABOUT SUMMIT FINANCIAL RESOURCES
Summit Financial Resources provides working capital financing to small- and medium-sized businesses in a broad range of industries. They provide cash flow solutions to companies requiring a financing structure that cannot be provided by banks or other commercial finance sources. Summit Financial Resources: Working Capital That Works.
ABOUT BAYSIDE BUSINESS SOLUTIONS
Bayside Business Solutions is an industry leading, 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.
