|
(April 16th, 2003) -The CDS Cos., a Lynbrook-based financial services company targeting small businesses, has established a new strategic relationship with Intuit, the California-based software company that counts QuickBooks among its more popular lines of software.
CDS provides lending to small businesses based upon their receivables. They also manage billing and bookkeeping work for small businesses.
The deal with Intuit allows QuickBooks users to send CDS their receivables data electronically, allowing for faster access to a line of credit. The data would be sent through CDS' Myreceivables.com.
Leonard Leff, president and CEO of CDS, said that "by integrating into QuickBooks as seamlessly as we did," CDS' customers now have quicker access to "an almost unlimited credit line."
Leff noted that CDS' lending rates were "similar" to that of major credit card companies, adding that the deal with Intuit has already helped CDS find new customers among QuickBooks users.
Users of the program can find CDS listed through Intuit's Web site, in their catalog of business services and through their tech support line.
"We are the only company with this type of product" aligned with Intuit, Leff noted. In the past, QuickBooks users would have to mail or fax invoices to CDS, or file them electronically - albeit through a different program - at Myreceivables.com.
Since its inception in 1972, CDS has lent and managed over $1 billion to small businesses, the company said.
|
