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FTRANS Named to TechJournal South's 'Tech 50 2009' List
Company Chosen for Its Accounts Receivable Outsourcing Program That Helps Small Businesses Increase Cash On Hand
ATLANTA, May 19 /PRNewswire/ — FTRANS Corp., a leading provider of accounts receivable and credit management solutions, today announced it has been selected as one of the top 50 privately-held technology companies in the southeastern United States by TechJournal South. Nominees for the award were judged on several criteria, including technology innovation, management team, marketplace potential and success of execution. FTRANS was chosen for its accounts receivable outsourcing platform that simplifies customer credit administration, reduces risk, increases cash availability and facilitates growth.
“Being recognized as a top company in the southeast is a milestone for FTRANS and a point of validation that small businesses are truly benefiting from our services,” said John B. Hayes, Founder & Chairman of FTRANS. “We’re honored to take part in the continued emergence of the southeast’s tech scene and extremely thankful to TechJournal South for naming us to their prestigious list.”
Founded in 2004, FTRANS helps businesses increase their access to capital by working with local financial institutions to outsource the tasks involved with the accounts receivable function. By outsourcing accounts receivable to FTRANS, businesses can quickly increase their cash-on-hand and have the freedom to hire additional talent and expand business operations – all while cutting cost on overhead and increasing sales opportunities.
Additionally, FTRANS benefits financial institutions that are interested in diversifying their lending portfolios. By using FTRANS, banks can transform their clients’ accounts receivables into lower risk, lendable collateral by increasing Commercial & Industrial (C&I) lending, which can improve credit ratings, release loan loss reserves and increase bank profits. Under the FTRANS bank program, financial institutions have the ability to return to profitability by expanding commercial lending and increase business and commercial deposits, interest income and fee income.
For the complete list of 2009 winners, visit www.tech50.org
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.
