eCredit.com Announces Oracle Application Integration Approval; Software Enables Companies to Improve Enterprise Collections Productivity
DEDHAM, Mass.--(BUSINESS WIRE)--April 18, 2000--eCredit.com today announced it has completed integration between eCredit.com RapidCollect(TM) and Oracle(R) Applications. By integrating RapidCollect with Oracle Applications, companies can improve enterprise receivables management through automated collections strategies and increased collections productivity.
RapidCollect is powerful collections management software that automates and streamlines the collections process, helping companies reduce bad debt, improve cash flow and lower days sales outstanding (DSO). By working with Oracle Applications, which include enterprise resource planning (ERP) and financials capabilities, RapidCollect enables companies to deploy a single, corporate-wide collections methodology and accurately measure collections performance across the enterprise.
"eCredit.com software is complementary to Oracle Applications, helping companies dramatically improve credit and collections strategies," said Aashish Mehta, product manager at eCredit.com. "With its integration with Oracle Financials, RapidCollect provides a standard method to enhance enterprise financials management, enabling companies to increase the return on their ERP investments."
"Integration with eCredit.com solutions complements Oracle's strategy to provide customers with a broad e-business offering," said Glenn P. Lim, vice president, Alliances, Oracle. "This integration enables customers to share information between both systems to achieve end-to-end automation and optimize the order-to-cash process."
RapidCollect increases productivity by minimizing administrative tasks and maximizing the amount of time collectors can spend on the telephone interacting with customers. The software enables collectors to spot and address troublesome accounts early in the collections process. It provides financial managers with robust performance measurement, work re-balancing and analytical capabilities.
RapidCollect is part of the eCredit.com enterprise receivables management solution suite, which enables Fortune 2000 companies to integrate and streamline credit and collections business processes in order to lower DSO, improve operational efficiencies and extend the capabilities of ERP investments. The enterprise receivables management solutions include:
-- eCredit.com InstantDecision(TM);
-- eCredit.com DecisionDesktop(TM);
-- eCredit.com FastFinance(TM) and
-- eCredit.com RapidCollect.
According to Peter McKay, president of eCredit.com, "Unlike traditional credit and collections products, eCredit.com offers the foundation of a company's revenue supply chain, enabling organizations to improve working capital, proactively manage risk, use finance as a strategic advantage and compete in the Internet economy."
About eCredit.com
eCredit.com is a leading provider of credit, financing and receivables management solutions for business-to-business and business-to-consumer commerce. Its software solutions and services run on the eCredit.com Global Financing Network(TM), an Internet-based platform that connects businesses to financing partners and global information sources in real time at the point-of-sale. eCredit.com is headquartered in Dedham, Mass. For additional information, visit eCredit.com on the Web at www.ecredit.com.
The eCredit.com logo, eCredit.com RapidCollect, eCredit.com InstantDecision, eCredit.com DecisionDesktop, eCredit.com FastFinance and eCredit.com Global Financing Network are trademarks of eCredit.com. Oracle and Oracle Financials are registered trademarks of Oracle Corporation.
CONTACT: eCredit.com
Roopa Bhide
(781) 752-1275
roopa@ecredit.com
or
Porter Novelli Convergence Group
Albie Jarvis/Dan Mees
(617) 450-4300
dan.mees@pnicg.com
09:31 EDT APRIL 18, 2000
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