Commission Advance Partners With INTEFLUX; First 100 Percent Web-Based Solution for Commission Financing

Apr 17, 2001, 01:00 ET from Commission Advance Company

    PHOENIX, April 17 /PRNewswire/ -- Commission Advance Company, America's
 largest and fastest growing, Web-enabled commission finance company and
 INTEFLUX, designers of tailored business process solutions for businesses in
 the financial industry, have partnered to launch the first fully Web-based
 factoring system to handle commission financing online.  Commission Advance
 and INTEFLUX, co-developed the new system, called CACHE(TM), over the last
 12 months.
     "As the dominant provider of commission financing, we pride ourselves on
 being at the forefront of using technology to improve our service," says
 Ward Chandler, Commission Advance's Chief Marketing Officer.  "The CACHE
 system we created with INTEFLUX ensures the best possible service for our
 customers, and provides the scalability we need to serve our rapidly expanding
 customer base."
     The CACHE system integrates the entire business process of factoring into
 a Web-based, platform-independent solution.  Commission Advance outsourced the
 management of the application to INTEFLUX and its high-availability, highly
 secure data center.
     When a customer logs onto www.CommissionAdvance.com, the CACHE system
 handles the entire transaction from the Commission Advance(TM) request, to
 payment being sent to the Realtor or broker, to the close of the sale.  The
 system is platform-independent, fully tested on both Windows NT/2000 and Unix
 (Solaris, Linux and HP/UX) and written in 100 percent Java.  The database has
 been tested on both Oracle and Microsoft SQL server.  All application
 functionality is accessible through a browser.  These features make the CACHE
 system so modular, scalable and flexible, the product can be easily customized
 for other applications within the financial services industry such as
 factoring and small-cap leasing.
 
     About Commission Advance Company
     In 1997, Commission Advance co-founders created the first online sales
 commission finance business for the real estate industry.  Real estate
 industry veterans, Max Cohen, President and CEO, and Ward Chandler, Chief
 Marketing Officer, recognized that real estate agents needed to improve their
 cash flow in order to market and grow their business.  Today, with six
 products and services launched as industry "firsts," it is America's largest
 and fastest growing, Web-enabled commission finance company.  Commission
 Advance serves thousands of real estate companies nationwide in a $50
 billion-dollar residential real estate commission market.  Real estate agents
 and brokers use the service by phone (1-888-654-CASH), fax (1-888-965-CASH) or
 at the company Web site www.CommissionAdvance.com.
 
     About INTEFLUX
     INTEFLUX is an e-business solutions provider that develops and delivers
 focused, mission-critical applications for the Fortune 1000 and Global 500
 companies.  INTEFLUX designs tailored and specific business process solutions
 for its clients, which include businesses in the financial services, energy,
 air transportation and events management industries.  INTEFLUX provides
 solutions that encompass the e-business life cycle, including modules for
 strategy consulting, application design/development, maintenance, user
 support, and structured content delivery via a network of data centers.
 INTEFLUX, clients include OppenheimerFunds, Heller Financial and
 PricewaterhouseCoopers LLP.
     The company website is www.inteflux.com.
 
 

SOURCE Commission Advance Company
    PHOENIX, April 17 /PRNewswire/ -- Commission Advance Company, America's
 largest and fastest growing, Web-enabled commission finance company and
 INTEFLUX, designers of tailored business process solutions for businesses in
 the financial industry, have partnered to launch the first fully Web-based
 factoring system to handle commission financing online.  Commission Advance
 and INTEFLUX, co-developed the new system, called CACHE(TM), over the last
 12 months.
     "As the dominant provider of commission financing, we pride ourselves on
 being at the forefront of using technology to improve our service," says
 Ward Chandler, Commission Advance's Chief Marketing Officer.  "The CACHE
 system we created with INTEFLUX ensures the best possible service for our
 customers, and provides the scalability we need to serve our rapidly expanding
 customer base."
     The CACHE system integrates the entire business process of factoring into
 a Web-based, platform-independent solution.  Commission Advance outsourced the
 management of the application to INTEFLUX and its high-availability, highly
 secure data center.
     When a customer logs onto www.CommissionAdvance.com, the CACHE system
 handles the entire transaction from the Commission Advance(TM) request, to
 payment being sent to the Realtor or broker, to the close of the sale.  The
 system is platform-independent, fully tested on both Windows NT/2000 and Unix
 (Solaris, Linux and HP/UX) and written in 100 percent Java.  The database has
 been tested on both Oracle and Microsoft SQL server.  All application
 functionality is accessible through a browser.  These features make the CACHE
 system so modular, scalable and flexible, the product can be easily customized
 for other applications within the financial services industry such as
 factoring and small-cap leasing.
 
     About Commission Advance Company
     In 1997, Commission Advance co-founders created the first online sales
 commission finance business for the real estate industry.  Real estate
 industry veterans, Max Cohen, President and CEO, and Ward Chandler, Chief
 Marketing Officer, recognized that real estate agents needed to improve their
 cash flow in order to market and grow their business.  Today, with six
 products and services launched as industry "firsts," it is America's largest
 and fastest growing, Web-enabled commission finance company.  Commission
 Advance serves thousands of real estate companies nationwide in a $50
 billion-dollar residential real estate commission market.  Real estate agents
 and brokers use the service by phone (1-888-654-CASH), fax (1-888-965-CASH) or
 at the company Web site www.CommissionAdvance.com.
 
     About INTEFLUX
     INTEFLUX is an e-business solutions provider that develops and delivers
 focused, mission-critical applications for the Fortune 1000 and Global 500
 companies.  INTEFLUX designs tailored and specific business process solutions
 for its clients, which include businesses in the financial services, energy,
 air transportation and events management industries.  INTEFLUX provides
 solutions that encompass the e-business life cycle, including modules for
 strategy consulting, application design/development, maintenance, user
 support, and structured content delivery via a network of data centers.
 INTEFLUX, clients include OppenheimerFunds, Heller Financial and
 PricewaterhouseCoopers LLP.
     The company website is www.inteflux.com.
 
 SOURCE  Commission Advance Company