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NEW YORK, NY and LYNBROOK, NY - October 2003 - The CDS Companies, a Lynbrook, N.Y.-based financial services company, has learned how to make a strategic relationship with software giant Intuit pay off. CDS has found a way to speed payment for its variety of small-business clients, including CPA firms, by handling many back-office aspects of the billing.
According to Al Alper, chief technology officer for CDS, “depending on volume we can get bills out the door for 60 cents or less including postage. If a client has a dozen employees with a semi-bookkeeping staff, they’ve been devoting a good 40 percent of their time to AR management and funding. We can do that far less.”
Alper says that the project began three years ago when CDS wrote a program to extract information from Intuit’s database after the QuickBooks maker opened the door for such an operation. “We took the results to Intuit to show them what we could do,” Alper says.
MyReceivables.com, a member of CDS Companies established in 1972, began offering its services online in early 2000. The company is the first and largest provider of a full range of online accounts receivable services. This includes accounts receivable management and funding, technology, virtual credit cards, billing, collections, and database marketing. MyReceivables.com is the Internet's leader for small business accounts receivable funding and management. CDS Companies is a New York-based financial services and technology company. For more information, visit the company's Web site at www.myreceivables.com or call Leonard Leff, president and chief executive officer, at (800) 338-7353.
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