PORT WASHINGTON, NY (PRWEB) March 07, 2014
PSC announced today that it is launching the automated syndication funds transfer module on its MCA software platform.
On a daily basis, the module automatically handles all funds transactions from the merchant to the funding company (lead) and subsequently from the lead to each syndicate. Prior to this, funding companies had to manually calculate daily remittances and then transmit funds to each syndicate (requiring the hiring of bookkeepers to keep track of daily transactions, reconcile, and reporting – both time consuming and costly). The software module allows as many as 10 syndicators on one file and gives each of them daily reporting via email.
“Our syndication module eliminates the possibility of human error,” PSC’s VP of Operations Andrew Ragavanis stated. “PSC sets the parameters in the module once a deal is funded and the system takes over from there. The accuracy of data and labor cost savings is a tremendous benefit to our funding members."
About PSC: PSC is a full service solutions provider that specializes in the Merchant Cash Advance (MCA) Industry. The Company provides the support staff and our technology to facilitate direct funding from start to finish. Our staff of seasoned professionals are well-versed in the MCA industry, which gives our members an advantage. The Company's information is available on its website: http://www.pscny.us.
For customers interested in learning more about PSC products and services:
Global Customer Center: +11 516- 706-3606
Domestic Customer Center: 516-706-3606
Toll Free: 877-511-9832
For more information, contact: salessupport(at)pscny(dot)us
Disclaimer: All content in this release is for informational purposes only. Prior to any dissemination of press releases on behalf of the Company, the content is reviewed and approved by Professional Service Centers’ management team.