Bayside Business Solutions, Inc. announced that ProBilling & Funding Service, a division of Peoples Bank of Alabama has successfully implemented Bayside’s CADENCE Portfolio Management Platform to administer its factoring operations. 

CADENCE for Factoring, the leading software solution for accounts receivable financing, is armed with the right tools and resources necessary for handling all aspects of the factoring business process. In addition to automating many of the administrative functions, CADENCE manages critical aspects of portfolio management, including invoice verification, credit checking, risk analysis, trend analysis and reporting, and more.

“When we decided to start ProBilling & Funding Service for Peoples Bank, we knew we were going to use Bayside’s CADENCE Portfolio Management Platform. There was no question about it. We have enjoyed our relationship and feel like we have found a true partner to help us in the servicing of our clients and their needs. The system has helped us to grow, and we look forward to our continued success and relationship with Bayside,” said Ginger Farley, Executive Vice-President Operations.

“We are delighted that Peoples Bank of Alabama chose CADENCE to be the platform on which to build their new factoring and billing services business.  Their rapid growth and aggressive pursuit of business made CADENCE Live the perfect fit.  We look forward to being a part of 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.