Daily News: July 22, 2014

Great Lakes Implements Bayside’s CADENCE Solution

Bayside Business Solutions announced that Great Lakes Business Credit has implemented the CADENCE Live Portfolio Management Platform to support its diverse portfolio of flexible lending products.

Great Lakes Business Credit utilizes a variety of collateral types to support their lending strategy. CADENCE gives them the flexibility to choose and combine those collateral types as needed while maintaining full control of each.

“After much due diligence in seeking a state-of-the-art replacement portfolio platform, we unanimously selected the CADENCE system,” explained Rhett Rowe, senior regional director of Great Lakes Business Credit. “We continue to be impressed with the system’s intuitive ease of use, the dedicated Help Desk staff support as well as the overall breadth of reporting on unique collateral types.”

“Great Lakes Business Credit takes an innovative approach to lending, employing both ABL loans and invoice factoring,” explained Marvin McConaghy, VP of business development at Bayside. “We’re very glad to have them join the Bayside family.”