Bayside Business Solutions announced today the latest release of its industry-leading commercial portfolio management system, CADENCE. Version 3.0.5 of CADENCE includes many new features for asset-based lenders, including two new collaterals: Bulk Inventory and Loan-Backed Detail. A Portfolio Level Revenue report that summarizes fee type revenue, period by period, has been added to ABL platform. Plus the Facility Information screen has been enhanced to include the ability, at the facility level, to allocate deferred earnings and to have multiple facility reserves.

For factoring operations, a new add-on module, CADENCE | Invoice Delivery, is now available that provides the functionality to customize the electronic delivery of invoices. With powerful options such as scheduled delivery, a standard cover page, and the ability to resend invoices, include or exclude supporting documentation, and include notices of assignment, this module can greatly speed up invoice delivery for factors.

Version 3.0.5 also contains major enhancements to built-in features, including Write Invoices and P.O. Finance, along with several enhancements to the Load Processor add-on module.

“This release has a lot to offer asset based lenders and factors alike,” stated Jeanne Moss, Manager of Bayside Technical Services. “We’ll go into depth on the new functionality at our upcoming CADENCE User Conference and will be offering educational webinars for clients in the coming weeks.”

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.