NES Rentals Holdings, Inc. Selects eCredit to Power Credit and Collections Automation
-- Leading Equipment Rental and Leasing Agent Chooses Integrated nFusion(R) Suite --
DEDHAM, Mass., May 4 /PRNewswire/ -- eCredit, the leading provider of Web- based credit and collections automation applications, today announced that NES Rentals (NES) has selected the eCredit(R) nFusion(R) suite to automate its credit and collections processes. In an effort to create business processes that are easily audited and replicated, NES has replaced independent credit and collections solutions from different vendors with nFusion 4.0's integrated suite.
NES will begin implementation of nFusion immediately. The single automated platform will help NES address compliance issues and provide higher levels of support and service to its customer base. The zero-footprint, eCredit-hosted model which the company will be employing will allow users across its more than 140 North American branch offices anytime, anywhere access to customer credit and collections profiles. Additionally, with a newly created Shared Services Center, credit managers will use nFusion to service flagged accounts and to perform portfolio analytics, creating an early warning system for upper management regarding acceptable credit exposures and risk levels.
"The eCredit nFusion suite will afford us a strong competitive advantage by delivering an integrated credit and collections automation platform," said Chris Snyder, Director of Shared Services for NES. "In addition to providing what we felt were the industry's best standalone credit and collections solutions, the integration between the two modules will allow NES to improve overall business performance and facilitate financial compliance."
"As more companies like NES choose to automate credit and collections on the nFusion platform, our strategy of building out the industry's most powerful integrated suite gains further momentum," said Jeff Dickerson, president of eCredit. "We are excited to be able to provide businesses like NES with the power to streamline their business credit and collections operations, providing enhanced service to their customers and improving overall business execution."
About NES Rentals
NES is the fourth largest company in the $24 billion equipment rental industry. The company focuses on renting specialty and general equipment to industrial and construction end-users. It rents more than 750 types of machinery and equipment, and distributes new equipment for nationally recognized original equipment manufacturers. NES also sells used equipment as well as complementary parts, supplies and merchandise, and provides repair and maintenance services to its customers. In addition to the rental business NES is the second largest supplier of traffic and safety services to the construction industry. The company is a leading competitor in each geographic market it reaches, from more than 140 locations in 34 states and Canada.
For more information on NES, visit www.nesrentals.com
About nFusion
eCredit nFusion is the most comprehensive Web-based credit and collections automation suite of applications available today. The nFusion suite offers credit and collections modules which can be utilized by themselves, or in a completely integrated and seamless environment. As a result, nFusion combines the power of credit decision automation, portfolio and customer risk analysis, and scoring with workflow management capabilities and collections automation features to streamline the financial value chain. As the only solution available today to truly integrate both collections and credit functionality, nFusion offers breakthrough advancements to improve business credit decision processes, reduce costs, optimize risk exposure, improve revenues, reduce DSO, accelerate cash flow and improve productivity.
About eCredit
Since 1993, eCredit has delivered credit risk management and collections software and services to Fortune 1000 companies and financial institutions. The Company improves credit and collections decision-making practices to deliver process efficiencies, optimized risk management, reduced operating costs, and increased revenues. Included among the Company's customers are ChevronTexaco, Cisco, CIT Group, Sun Microsystems, and Ryder System, Inc. Headquartered in Dedham, Massachusetts, eCredit is an Internet Capital Group (Nasdaq:ICGE) partner company with additional venture backing from Apex Venture Partners and Sterling Venture Partners. For additional information, visit eCredit on the Web at ecredit.com.
Press Contacts
Alex Cote
eCredit.com
(781) 752-1287
acote@ecredit.com
Christiaan Vorkink
Miller Consulting Group
(617) 262-1800
cv@millergrp.com
SOURCE eCredit
CO: eCredit; NES Rentals
ST: Massachusetts
SU:
Web site: ecredit.com
prnewswire.com
05/04/2004 09:01 EDT |
