BillingZone Named `Best of the Web' by Forbes
PITTSBURGH, Oct 30, 2002 /PRNewswire via COMTEX/ -- BillingZone, LLC announced
today that it was named Best of the Web in Forbes' annual ranking of
business-to-business (B2B) leaders. BillingZone appears in the Financial
Services category - only BillingZone, CitiDirect, CheckFree, and S1 Corporation
were included in this exclusive group.
BillingZone's apConnect(TM) solution offers companies the opportunity to
transform the invoice-to-pay cycle by providing buyers with the ability to
automate the receipt of invoices, fully integrate invoice data into existing
enterprise resource planning (ERP) systems, route and adjust invoices online and
deliver electronic payment and remittance information back to vendors. The
apConnect service delivers a cost effective and flexible way to help transform
an accounts payable department into a paperless environment while offering
greater transaction visibility and better management of trade terms. In addition
to its apConnect service, BillingZone also offers large billing organizations
one of the leading B2B electronic invoice presentment and payment (EIPP)
solution - arConnect(TM).
"We are pleased to be recognized as an industry leader by Forbes, one of the
most prestigious business publications in the world," said Eric Smith, president
and chief executive officer of BillingZone. "We view this award as validation of
our leadership in delivering high value solutions to our customers and their
trading partners."
The entire Forbes' Ranking is available at www.forbes.com/bow.
About BillingZone
BillingZone's apConnect(TM) and arConnect(TM) services help buyers and their
vendors to streamline the complexity of invoicing and payment transactions;
realize cost savings through the elimination of paper and manual practices; and
enhance trading partner communications. BillingZone takes a consultative
approach in working with buyers and their vendors to effectively manage the
entire invoice-to-cash process. Procter & Gamble, Diebold, Xerox, and BASF are
just some of the companies recognizing significant benefits through their use of
BillingZone's electronic invoice presentment and payment (EIPP) solutions.
BillingZone, LLC, is a joint venture of PNC Bank, N.A., a member of The PNC
Financial Services Group, Inc. (NYSE: PNC), and Perot Systems Corporation (NYSE:
PER). Please contact BillingZone, LLC at (412) 705-3000 or via e-mail at
info@billingzone.com. Additional information is available on the company's web
site at www.billingzone.com. BillingZone, BillingZone.com, apConnect, VIP
Program, and the BillingZone logo are trademarks of BillingZone, LLC.
This press release may contain forward-looking statements with respect to
BillingZone's anticipated business, including statements regarding the expected
development and benefits of products. Forward-looking statements are typically
identified by words such as "believe," "expect," "anticipate," "intend,"
"estimate," "position," "potential" and "continue," by future or conditional
verbs such as "can," "will," "would," "should," "could" and "may," or by similar
expressions. These forward-looking statements are subject to numerous
assumptions, risks and uncertainties, all of which change over time.
Forward-looking statements speak only as of the date they are made, and
BillingZone, LLC, The PNC Financial Services Group, Inc. and Perot Systems
Corporation assume no duty to update forward-looking statements.
The following factors, among others, could cause actual results to differ
materially from those anticipated in the forward-looking statements:
BillingZone's ability to continue the development, introduction, and
implementation of its electronic invoice presentation and payment service as
planned; the degree to which billers and payers accept electronic invoice
presentment and paying in general and BillingZone's service in particular;
BillingZone's ability to attract and to maintain a critical mass of billers
using its service; the loss of key personnel; changes in the competitive market
in which the service will operate; the impact, extent, timing, and cost of
technological changes; risks associated with the commercial use of the Internet
generally; undetected software bugs; possible product liability claims; possible
inability to protect proprietary technology; and possible infringement claims.
BillingZone is a start-up business and, as such, has risks associated with the
development of a new market, product development, and the recruiting and
retention of employees.
Additional factors that can affect forward-looking statements are identified in
the respective SEC Reports of The PNC Financial Services Group, Inc. and Perot
Systems Corporation, which reports are accessible on the SEC's web site at
www.sec.gov.
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SOURCE BillingZone, LLC
CONTACT: Todd Barnhart, BillingZone, LLC, +1-412-705-3030, or
todd.barnhart@billingzone.com
URL: forbes.com
billingzone.com
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Copyright (C) 2002 PR Newswire. All rights reserved.
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KEYWORD: Pennsylvania
INDUSTRY KEYWORD: FIN
CPR
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MLM
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SUBJECT CODE: AWD
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