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Crossroads Financial Implements Bayside Business Solutions’ CADENCE

December 10, 2014, 07:27 AM
Filed Under: Industry News

Bayside Business Solutions, Inc. announced that Crossroads Financial is implementing the CADENCE Portfolio Management Platform. 

Crossroads is taking an innovative approach, utilizing the CADENCE borrowing base solution to support its unique inventory lending products while employing the CADENCE detail solution to manage its niche purchase order process. The addition of the CADENCE | ClientWeb add-on module gives Crossroads’ clients the ability to view their account data online, in real time, via a secure client portal.

“We value what CADENCE provides in administrative and management tools to assure the accuracy and completeness of our collateral management process for our various Asset-based financing products,” stated Jim Rothman, President of Crossroads Financial.

“Crossroads has a unique product offering,” explained Marvin McConaghy, V.P. for Business Development at Bayside Business Solutions, “which takes advantage of the flexibility of CADENCE. We are very happy to have Crossroads join the Bayside family.”

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.

Crossroads Financial provides stand-alone wholesale and retail inventory lines of credit and purchase order financing. 

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