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Rapid Software Corporation

"Moving, acting, or occurring with great speed."


Naxos Capital Inc. Launches Client System
Developed With Rapid (IDP) Independence


Revolutionary Rapid Development System Integrates
With Factoring and Financial Services Company Website


Grapevine, TX - Rapid Software Corporation recently announced it has built and deployed a factoring and financial services system for Naxos Capital Inc. of Colleyville, TX (www.naxoscapital.com). The real-time system allows Naxos Capital to integrate invoice factoring transactions with the firm's client base. Deployment over the web allows for quick approval of invoices and enhances the information flow between Naxos Capital Inc. and it's clients. The entire web based application and web site were designed and deployed in a total of 26 hours from start to finish. Rapid Software's Independence (IDP) product was used to deploy the custom application (6 hours) and a web template served as the framework for the custom website.

According to Charlie Mays, CEO of Naxos Capital Inc., "We needed to integrate with our clients over the web so we could provide fast service for receivables factoring. We also wanted a new look for a website. Rapid Software put it all together for us and we are quite pleased with the speed and end result. Our business is a service business and our clients use a factor to turn invoices into cash immediately. If the service is manual or requires the use of spreadsheets passing back and forth it takes too much time. Our clients login and give us their invoices. We approve them online and they quickly see the results. It's that simple."

Lee Fox, CEO of Rapid Software Corporation said, "Generally, IDP allows developers to create custom web based business applications in under 3 hours. This application took a little longer (6 hours) because of the complex business logic required to manage the factoring financial calculations. It actually took much longer (20 hours) to build the website. Getting the website looking just right is a huge priority for our clients."

About Naxos Capital Inc.

Headquartered in Colleyville, TX, Naxos Capital Inc. is a factoring and investments firm, specializing in the business of providing growing companies funding through accounts receivable factoring. Naxos Capital Inc. is located at 5109 Overhill Dr. Colleyville, TX 76034. (817) 269-9651.

About Rapid Software Corporation

Headquartered in Grapevine, TX, Rapid Software Corporation sells and supports Rapid Software Corporation's Independence and Enterprise for rapid application development and integrations in under 3 hours. Rapid Software Corporation is located at 3079 Parr Lane, Grapevine, TX 76051. For more information about Rapid Software Corporation's products visit http://www.rapidsw.com or send email to info@rapidsw.com, or call (817) 251-0615.

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Rapid Software is a trademark of Rapid Software Corporation in the United States and other countries. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies. Copyright 2002 Rapid Software Corporation. All Rights Reserved.