eCredit Launches Expanded Family of Credit & Collections Solutions

eCredit Launches Expanded Family of Credit & Collections Solutions

New Products Reshape the Software Industry for Credit and Collections Professionals

DEDHAM, Mass., Jan. 19 /PRNewswire/ -- eCredit, the leading provider of online software for credit and collections professionals, today announced the extension of its product family to include new solutions specifically designed to meet the needs of customers of any size in a broad array of industries and geographies. Enterprise Edition, eCredit's existing integrated Web-based credit and collections management suite formerly know as nFusion, is joined in the eCredit product family by Personal Edition and Professional Edition.

(LOGO: http://www.newscom.com/cgi-bin/prnh/20050119/NEW013LOGO )

"Our department was looking for a solution that would get us up and running quickly, without a long budgeting process followed by an even longer implementation," said Traci Florio, Credit and Collections Manager, Arlington Industries. "eCredit Professional Edition offered us strong credit and collections functionality at a value and time-to-market that competing solutions could not match."

"Organizations are realizing the benefits of on-demand solutions that pair full-powered software with rapid time to value," says John Van Decker, Senior Vice President and Practice Lead, META Group. "A major area of focus for many firms is to bring in online products which will meet the needs of any credit or collections department, from the simplest to the most complex. These firms should consider software-as-a-service solutions such as eCredit when evaluating alternatives to traditional license-based models."

These new products, designed by credit professionals for credit professionals, provide critical support in the processes of granting credit, monitoring portfolio risk, resolving disputes, and collecting accounts receivable. For the first time, customers previously unable to benefit from the power of eCredit's credit and collections technology will be able to automate their processes at levels appropriate to their business resources and demands. Each of the three editions has been developed with flexibility in mind, and each serves customers of various sizes and levels of requirements:

* eCredit Personal Edition: Personal Edition is provided to credit and
collections professionals at no cost and serves as a paperless customer
file to help organize and centralize credit information. Designed for
individual credit professionals seeking greater organization and
centralization of their daily credit activities, Personal Edition
replaces spreadsheet or paper-based systems and gives users the ability
to upload customer files and store customer credit limits and trade and
bank references.

* eCredit Professional Edition: Professional Edition is an online credit
and collections software service that standardizes policies and handles
routine tasks, enabling credit and collections professionals to spend
less time on administrative tasks and more time managing working
capital. Delivered via the Web, Professional Edition provides value to
enterprises of all sizes looking to avoid lengthy and expensive
implementations. Priced starting at $200 per user per month, it is
designed to be configured and functional in less than 30 days, allowing
companies to realize the benefits of the technology as quickly as
possible.

* eCredit Enterprise Edition: Enterprise Edition delivers a flexible on-
demand platform capable of handling the most sophisticated global
credit and collections operations. As the most full-featured offering
in the eCredit family, Enterprise Edition provides the industry's
strongest integrated credit and collections solutions for businesses
demanding access to global data and a highly customizable system to
manage their credit and collections processing.



Reflecting on today's news, eCredit CEO Jeff Dickerson commented, "It is with great enthusiasm that we announce the launch of eCredit Personal, Professional and Enterprise editions. Leveraging our deep roots in the credit and collections community, we have identified and addressed the strong market desire for on-demand software that supports the needs of many different kinds of companies. We anticipate that this launch will be a watershed for eCredit as this new family of products allows us to bring our technology to credit professionals everywhere and enable their excellence in managing accounts receivable processes."

About eCredit

eCredit is a leading provider of online software for credit and collections professionals. Its award-winning product family -- Personal Edition, Professional Edition, and Enterprise Edition -- supports the mission critical processes of granting credit, monitoring portfolio risk, resolving disputes and collecting accounts receivable. With deep roots in the credit and collections community, eCredit has over a decade of experience helping companies reduce bad debt and DSO while improving productivity, lowering costs and demonstrating results. Its on-demand software supports companies of any size in a broad array of industries and geographies, including ChevronTexaco, Cisco, Samsung Electronics, Cargill, NEC Financial, Graybar, CDW, Sun Microsystems, and Ryder Systems. eCredit is a private company headquartered in Dedham, Massachusetts. For more information, please visit http://www.ecredit.com/.

eCredit.com and the eCredit.com logo are registered trademarks.

Press Contacts
Kate Anderson
eCredit
(781) 752-1250
kanderson@ecredit.com

Christiaan Vorkink
Miller Consulting Group
(617) 262-1800
cv@millergrp.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050119/NEW013LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: eCredit

CONTACT: Kate Anderson of eCredit, +1-781-752-1250,
kanderson@ecredit.com; or Christiaan Vorkink of Miller Consulting Group,
+1-617-262-1800, cv@millergrp.com

Web site: http://www.ecredit.com/


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