FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Momentum Capital Implements Bayside’s CADENCE Platform

June 24, 2015, 07:33 AM
Filed Under: Industry News

Bayside Business Solutions, Inc. announced Momentum Capital Funding has implemented the CADENCE platform and ClientWeb to administer its asset-based lending and accounts receivable financing.

The CADENCE portfolio management system contains the tools and resources necessary for managing all aspects of a factoring and asset based lending business, providing lenders with powerful tools and controls for greater efficiency and less risk.

In addition to the CADENCE platform, Momentum implemented Bayside’s online client portal, ClientWeb, which gives Momentum the ability to provide personalized, real time account information to their clients -- 24 hours a day, seven days a week -- via the Internet.

“Having a premiere software like CADENCE, along with the fantastic support at Bayside, seemed like the perfect decision for us,” according to Parker Welsh, the Operations Manager for Momentum Capital Funding. “The ability to meet our needs of both a factoring and asset based lending solution was exactly what we were looking for. Having a user friendly and customizable online experience was very important to us, and CADENCE does that perfectly. We are very happy with the relationships we have built with the Bayside team, and look forward to continue working with them going forward.”

“We are delighted that Momentum Capital Funding selected CADENCE to administer their blend of factoring and asset based lending products. CADENCE’s ability to seamlessly accommodate both lending types on a single platform makes it an ideal solution. They are great partners, and we look forward to being a part of their growth in the years ahead,” said Marvin McConaghy, Vice President of Business Development with Bayside.

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.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.