FTRANS Founder & Chairman John B. Hayes Announces Retirement

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FTRANS, a leading provider of accounts receivable and credit management solutions, today announced the retirement of its founder and chairman, John B. Hayes, effective immediately.

“John is a true visionary and we thank him for the leadership he has shown over the years, not just with FTRANS, but in the financial technology space as a whole,” said FTRANS CEO Dan Drechsel. “We wish John the best, and we will continue to manage the company to its fullest potential serving both the banking and business community.”

Hayes founded FTRANS in 2004 and under his leadership, the company was recognized as #345 on the 2009 Inc. 500 list of fastest growing companies in America. Hayes has more than 35 years experience in the technology industry, founding several innovative companies. In 1975, he was co-founder and president of the company that built Peachtree Software products, the first microcomputer accounting software, and he also co-founded Comsell, an early producer of interactive technology, which was sold to News Corporation. In 2009, Hayes was recognized for his outstanding leadership by Tech America and received the Southeast Spirit of Endeavor Award.    

Commenting on his decision to retire, Hayes said: “Founding FTRANS is one of my biggest personal accomplishments. I believe the market opportunity for the company is huge and I know FTRANS will continue to provide invaluable trade credit solutions for business clients. FTRANS is fortunate to have organized an outstanding set of investors and bank partners. FTRANS is in good hands with Dan and the leadership team, and I am confident they will achieve the vision we all share. ”

FTRANS helps businesses increase their access to capital by working with financial institutions to outsource the tasks involved with the accounts receivable function. Additionally, FTRANS benefits financial institutions that are interested in diversifying their lending portfolios by helping to increase commercial & industrial (C&I) loans.

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.

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Kevin King
FTRANS
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