Location Ellicott City, Maryland, United States Regions Greater Baltimore-Maryland Area, East Coast, Southern US Gender Male Also Known As Joe
Website www.finsoft.net LinkedIn View on LinkedIn
Joseph R. Caplan, CPA has been in the Asset Based lending profession since 1985 as a field examiner, audit manager, ABL per diem examiner, seminar instructor and entrepreneur. Mr. Caplan is a graduate of Drexel University in Philadelphia, with a dual degree in accounting and finance. After graduation, Mr. Caplan served in Public accounting with
Laventhol & Horwath, having duties extended to include computer graphics publishing for financial statements and computer training for newly hired staff.
After several years at Barclays American Business Credit (became Fleet Capital Corp. and is now Bank of America Business Capital), as a field examiner, Mr. Caplan became the Audit Manager at Perpetual Savings Bank, FSB, managing a portfolio with $250MM of ABL transactions and $900MM of commercial loans.
As the S&L crisis emerged, Perpetual Savings Bank, FSB became the first account in Mr. Caplan's former per diem field examination practice on 6/15/90. That practice evolved into Capital Acquisition Professionals, Inc. (CAPi). Some of the larger transactions have included turnarounds and spin-offs from companies such as 3M, Forstman Little, Quanex, EECO, VF Corporation, Nichols Homeshield, G-Tech, Pinkerton, and others. The largest transaction handled to date has been for $300,000,000 of secured lines. Mr. Caplan's focus has been only Asset Based Lending related and not traditional Accounting services such as: taxes, CPA audits, reviews, compilations, financial planning, insurance, mutual funds, Etc.
When starting the per diem practice, Mr. Caplan conducted several local seminars in and around Baltimore, Maryland to help banks understand the needs of Asset Based Lending. The success of these presentations allowed Mr. Caplan to develop other seminars including: Cash Flow Analysis for Asset Based Loans and the Intermediate ABL Audit Seminar under the company name of Clear Choice Seminars, Inc. The course materials are written by Mr. Caplan, with programming, sound files, video and some animations also done by Mr. Caplan. Mr. Caplan also participates as a member of the Adobe Design Board for the Adobe CS eLearning Suite and has served as a speaker at the annual Adobe Learning Summit.
In January of 1996, Mr. Caplan started FinSoft, LLC, a software consulting Company that developed AssetWriter field examination software, AssetReader aging analysis software and AssetArchive data warehousing and analytics for real-time fraud prevention. FinSoft, LLC also provides custom software solutions in Visual Basic and VB.NET, as well as database development for client/server solutions.
Mr. Caplan holds several copyrights on written materials, course materials, white papers and software designs. Other projects have included The Asset Based Lender's Home Page and the industry ineligible guide known as ABL-Help.
Why all Asset based Lending? "It's the greatest profession on earth."
