Daily News: November 8, 2013

BCBC Implements Bayside Factoring Solution

Gulf Coast Business Credit (GCBC), one of the largest factoring companies in the U.S., announced that it implemented Bayside’s CADENCE for Factoring platform to administer its business-to-business lending.

Wade Hladky, president of Gulf Coast Business Credit, remarked, “Bayside was an excellent software implementation partner providing the support and skills needed to transition a large portfolio of clients seamlessly to a new system. CADENCE has enabled Gulf Coast to have more insight into customer trends, improved operational efficiencies and given our clients improved visibility.”

“With clients located throughout the country, Gulf Coast Business Credit is set to take full advantage of the flexibility and power of the CADENCE platform,” stated Debora Musikar, senior vice president of Administration at Bayside Business Solutions, “We are proud to welcome them to the Bayside family.”

CADENCE for Factoring is a software solution for accounts receivable financing. In addition to automating many administrative functions, CADENCE manages critical aspects of portfolio management, including invoice verification, credit checking, purchase decisions, risk analysis, concentrations, trending, and more.

Gulf Coast Business Credit is the Accounts Receivable Finance Division of Gulf Coast Bank & Trust Company.