Peachtree Refers Small Businesses to FTRANS Via New Analytics Software
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New Business Analytics Program Powered by iLumen Offers FTRANS' Services to Small Businesses Struggling with Access to Capital, Cash Management & High Day Sales Outstanding Co-Founder of Peachtree Software John B. Hayes Pioneers New Solution for SMBs Needing Quick Access to Capital ATLANTA, May 27 /PRNewswire/ -- FTRANS Corp., a leading provider of complete accounts receivable outsourcing and credit management solutions, today announced that its services will be recommended to small businesses within the new Peachtree Business Analytics portal. Originally co-founded by FTRANS chairman John B. Hayes, Peachtree has developed Business Analytics to allow small businesses to monitor their company's health and performance, uncover problems and expose opportunities in addition to analyzing their performance against industry competition. This software, scheduled for mass-market release on June 1st, is developed in partnership with iLumen, a provider of commercial portfolio management solutions. Under the arrangement, Peachtree Business Analytics, developed by iLumen, will refer its small business customers that fall below the industry's average in certain cash management metrics such as day sales outstanding (DSO) to FTRANS for assistance in generating immediate capital and to professionally manage their credit. After qualifying for FTRANS' services, small businesses can then outsource the management of their accounts receivable to FTRANS. This unfreezes the business's cash assets that are tied up in accounts receivables within 3-4 days, allowing small businesses to quickly increase their cash on hand - all while cutting cost on overhead and even increasing sales opportunities. "Peachtree's Business Analytics software is a great tool for small businesses to track their performance against industry competition," said John B. Hayes, Founder & Chairman of FTRANS. "When I co-founded Peachtree Accounting in 1974, our goal was to help small and medium sized business owners achieve superior business results. Today, the priority for FTRANS is no different. And our relationship with Peachtree & iLumen allows us to accomplish these goals - by helping small businesses access capital that is tied-up in their accounts receivable." Founded in 2004, FTRANS outsources a business' accounts receivable processes to simplify the tasks involved with customer credit administration, reduce risk, increase cash availability and facilitate growth. Through partnerships with banks and other financial intermediaries, FTRANS enables financial institutions to more efficiently lend against outsourced accounts receivables. "FTRANS services are ideal for small business owners who require help accessing assets tied up in accounts receivable," said Loren Eckert, Executive Vice President of iLumen. "We're excited about the value FTRANS can provide to the millions of small business owners utilizing Peachtree's new Business Analytics software." About FTRANS FTRANS Corp., located in Atlanta, GA, provides innovative technology solutions for businesses and financial institutions. We provide a complete accounts receivable and credit management solution which enables businesses to operate more efficiently and with greater access to capital. From payment matching and account reconciliation to credit approvals, access to capital, and collections - FTRANS has the tools businesses need to achieve superior business results. We provide financial institutions with a program that enables them to lend to small and medium sized businesses with accounts receivable as professionally managed and transparent collateral for banks. SOURCE FTRANS Corp. Evan Goldberg, Horn Group, +1-646-202-9768, egoldberg@horngroup.com, for FTRANS Corp.
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