Friday, May 3, 2024

Finance

DRB Capital Announces the Appointment of Bruce Jaeger as CEO

New CEO's Experience Puts Leading Purchaser of Annuity Payments and Payments From Structured Legal Settlements on Path for Strategic Growth and Increased Profitability and Market Share.

DRB Capital, LLC ("DRB") is pleased to announce the appointment of Bruce Jaeger as its new CEO. Over the years, Bruce has been instrumental in helping DRB obtain financing alternatives to allow for past success and future growth. His relationships with institutional investors and broad experience in derivatives, structured credit, capital markets and sales will provide DRB with a path for strategic growth and initiatives as DRB looks to increase profitability and market share. DRB would like to thank Jason Sutherland for his contributions to DRB and wish him success in his future endeavors.

When asked about his appointment as CEO of DRB, Mr. Jaeger stated, "I wish to thank Jim Terlizzi (Chairman) and the Board of DRB for their vote of confidence as we enter a new phase of sales growth and strategic direction. We plan to work with our financial partners and access the capital markets to ensure efficiencies as we face challenges based on a competitive landscape and increased market volatility in a higher rate environment. The scalable platform at DRB will allow us to grow both our retail and wholesale distribution while providing seamless customer service." 

About DRB Capital, LLC: DRB Capital is a leading purchaser of annuity payments and payments from structured legal settlements. The company offers liquidity and optionality to prospective sellers in need of cash who receive guaranteed and/or life-contingent structured settlements or annuity payments. For further information on Structured Settlement and Annuity payments, visit DRBcapital.com.

Contact Information:
Gregory Williams
Marketing Manager
[email protected]


Original Source: DRB Capital Announces the Appointment of Bruce Jaeger as CEO DRB Capital Announces the Appointment of Bruce Jaeger as CEO

CloudX Announces AP Automation Integration With Cox Automotive’s Dealertrack DMS

Automotive dealerships using Cox Automotive's Dealertrack DMS can now automate their accounts payable and payment processing functions with CloudX APSmart.

CloudX Announces AP Automation Integration With Cox Automotive’s Dealertrack DMS
CloudX-Accounts-Payable-Automation-For-Dealerships

CloudS announces AP Automation Integration with Cox Automotive's Dealertrack DMS, benefiting dealer customers.

CloudX, a SaaS company delivering intelligent accounting automation services nationwide, today announces a data integration collaboration with Cox Automotive's Dealertrack DMS, a leading provider of technology solutions for automotive dealerships. This collaboration will provide benefits for mutual dealer customers of both CloudX and Dealertrack DMS.

With CloudX and Dealertrack DMS, US auto dealerships can automate their accounts payable and payment processing functions to increase efficiency and drive profitability across operations. CloudX's APSmart AP automation software automatically processes invoices, statements, and vendor payments while generating monthly cash rebates from spending. With APSmart, implementation is tailored to a dealership's unique business rules and workflows for optimal efficiency and standardization across locations.

"With several successful case studies created for Dealertrack customers, we are excited to announce an official integration that has already proven both reliable and scalable. Dealertrack DMS customers can now automate vendor invoice processing, statement reconciliation, and payment processing by leveraging Opentrack APIs with an adaptable software designed to fit their needs as a growing business," said Chris Cosgrove, Chief Revenue Officer and Co-Founder of CloudX.

CloudX has been automating accounting processes since 2011 and has helped dealerships across America integrate seamlessly with their DMS solutions for better efficiency, visibility, and cost reduction. Adaptive to the changing business needs of both single site to multi-store franchise dealerships, CloudX's automation solutions facilitate streamlined accounting processes and workflows of all types. 

CloudX partnered with Lou Fusz Automotive Network, a 12-location automotive group operating on Dealertrack DMS, to automate the invoice process across all locations using APSmart. Learn about CFO Joe Burris' APSmart adoption and results by visiting CloudX's AP automation case study page.

For more information about CloudX, visit cloudxdpo.com.

About CloudX

CloudX is an accounting automation software as a service company that designs, operates, and supports adaptable digital transformation solutions for a range of accounting functions, including:

  • Accounts payable automation
  • B2B Payment automation
  • Accounts receivable remittance processing
  • Purchase requisition processing
  • Customized solutions

CloudX solutions generate process visibility, automate document processing, and reduce the cost of processing documents through automation.

Contact Information:
Chris Cosgrove
Chief Revenue Officer, & Co-Founder
[email protected]
(860) 787-5323


Original Source: CloudX Announces AP Automation Integration With Cox Automotive's Dealertrack DMS

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Stambaugh Ness Welcomes Kevin Kline as Managing Director, Assurance Practice

Role Accelerates Firm's Digital Transformation Strategy

Stambaugh Ness Welcomes Kevin Kline as Managing Director, Assurance Practice
Kevin Kline, CPA

Kevin Kline, CPA, Managing Director, Assurance at Stambaugh Ness

Stambaugh Ness (SN) is pleased to announce the addition of Kevin Kline, CPA, who will serve as the Managing Director of the assurance practices.

In this role, Kevin will provide leadership to SN's rapidly growing national assurance practices and develop strategies to accelerate digital transformation within those areas. This will provide clients with a technology-driven audit process that produces a smarter, more accurate, insightful, and streamlined audit experience. The powerful combination of audit technology with SN's deep industry expertise will significantly benefit the clients we serve nationally.

With more than 20 years of accounting industry experience, Kevin has extensive knowledge of auditing, accounting,  and consulting. Prior to joining SN, Kevin honed his skills serving in leadership roles that included directing the commercial auditing practice of a larger regional public accounting firm and several years in the audit practice of a National and a Big 4 firm.

Stambaugh Ness, President and Chief Executive Officer, Steven L. Hake, states, "We are thrilled to welcome Kevin to this new role and know that his depth of assurance experience will drive SN's digital transformation strategy, creating a less disruptive audit experience for our clients and a more efficient experience for our employees." 

About Stambaugh Ness

Stambaugh Ness is a multi-discipline, professional services firm serving clients nationally with a strategic focus on the architecture and engineering, professional services, construction and real estate, and manufacturing industries. Through the Stambaugh Ness family of companies, clients have access to a sophisticated menu of services, including compliance, government contract services, strategic tax solutions, technology and cyber risk advisory, data solutions, Microsoft solutions, Deltek ERP software, workforce and talent solutions, outsourced accounting, ownership transition, and mergers and acquisitions.

The firm is an independent member of the BDO Alliance USA, a nationwide association of independently-owned local and regional accounting, consulting, and service firms with similar client service goals.

Contact Information:
Heather Zecher
Marketing Director
[email protected]
800.745.8233


Original Source: Stambaugh Ness Welcomes Kevin Kline as Managing Director, Assurance Practice

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