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EBF Group Implements Bayside Business Solutions’ CADENCE

January 06, 2015, 07:09 AM
Filed Under: Industry News

Bayside Business Solutions, Inc. announced today that EBF Group is implementing CADENCE Live to administer its accounts receivable, invoice, and freight bill factoring operations.

CADENCE Live provides Bayside’s premier portfolio management software in a secure, hosted environment through a conveniently accessed web portal—as cloud-based lending software. EBF has also implemented CADENCE ClientWeb, giving clients online access to their latest account information, and allowing them to upload invoices, add new debtors, run reports and much more—for themselves.

 “EBF Group is extremely excited to be implementing CADENCE Live as our portfolio management software,” said Fred Paatz, CEO of EBF Group. “As we continue to grow, we remain dedicated to providing our clients with the best customer service possible.” Gary Massingham, Vice President Business Development added, “By utilizing the CADENCE ClientWeb system, we are thrilled that our clients now have a very flexible and user-friendly tool that will help them manage their business through the next stage of their business growth. It reinforces EBF’s commitment to elite customer service.”

“We are delighted to have EBF Group join the Bayside family and expand our already substantial presence in Canada.” stated Marvin McConaghy, V.P. of Business Development at Bayside. “As a diversified lender, we look forward to their putting the flexibility of CADENCE to work as they grow their business, and we certainly intend to do our part in facilitating their continued success.”

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.

Canadian based EBF Group provides cash flow for small to mid-sized businesses that require more funding than available through mainstream lenders. Their clients are typically companies experiencing rapid growth or financial distress. By offering invoice factoring, purchase order financing, and other creative financing products, EBF looks beyond the balance sheet to offer financing based on current and future accounts receivable, leveraging the strength of the client’s debtors.

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