Daily News: July 19, 2013

Pavestone Capital Implements Bayside’s CADENCE for Factoring

Pavestone Capital, a commercial finance company, and Bayside Business Solutions announced that Pavestone Capital successfully implemented Bayside’s CADENCE for Factoring platform to administer its business-to-business lending.

CADENCE for Factoring provides the tools and resources necessary for managing every aspect of factoring businesses. 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.

Pavestone also implemented the ClientWeb online client portal that gives Pavestone’s clients the ability to view and interact with their accounts online in real time, as well as CADENCE|Load Processor and CADENCE|AutoCredit, which provide significant efficiencies beneficial to transportation factoring operations.

“We are very happy with the efficiency and effort the Bayside team put forth to implement CADENCE in our operation. The implementation team worked diligently making our experience exceptional, and the whole organization continues to offer an extremely high level of support after the sale,” said Tim Valdez, co-founder of Pavestone Capital.

“We are proud to welcome Pavestone Capital to the Bayside family,” said Debora Musikar, senior vice president of Administration at Bayside Business Solutions, “and we look forward to being a part of their future growth.”