Goldleaf reports BusinessManager contract wins

Source: Goldleaf

Goldleaf Financial Solutions (NASDAQ:GFSI), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced that eight financial institutions have recently selected its BusinessManager solution.

BusinessManager enables financial institutions to finance growing businesses more profitably by offering a unique combination of funding and receivables management benefits while providing the tools to mitigate risk.

With the tightening in the credit markets, many businesses are looking for sources of cash to fund growth. Goldleaf's BusinessManager solution enables businesses to turn their accounts receivables into cash, which allows them to more accurately predict cash flow and operate on an all-cash basis. The solution allows banks to attract businesses that would normally not be a fit for traditional financing while increasing cross-selling opportunities for their other products and services.

"BusinessManager offers a tremendous opportunity for financial institutions to enhance relationships by helping businesses grow," said Lynn Boggs, CEO of Goldleaf. "Banks can gain valuable insight into a business's operation enabling better funding and cross-selling opportunities. BusinessManager is a compelling value proposition for banks looking to boost fee income with little overhead cost."

With its BusinessManager solution, Goldleaf also provides Business Development Managers (BDMs) who assist the bank in marketing the service, as well as identifying potential opportunities in the market. Goldleaf's BDMs help banks promote BusinessManager with an aggressive marketing plan that centers on strategically planned business development, where BDMs work with the bank to conduct one-on-one presentations to existing bank clients and prospective customers.

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