NEC Financial Services Selects eCredit to Drive Credit Automation
- nFusion(R) Chosen as Strongest Competitive Offering for Business Technology Leasing and Financing Company -
DEDHAM, Mass., May 28 /PRNewswire/ -- eCredit, the leading provider of Web-based credit and collections automation applications, today announced that NEC Financial Services, a subsidiary of NEC USA, Inc., has selected the eCredit(R) nFusion(R) suite to automate its credit processes. As part of a company wide initiative to improve service to its leasing customers, NEC has chosen nFusion 4.0's integrated suite over a combination of independent credit automation solutions from different competitive software vendors.
As the subsidiary of NEC USA, Inc. responsible for customer financing for NEC Group companies and affiliated third parties, NEC Financial will meet a critical operational need by using nFusion to establish a streamlined and efficient credit automation process both internally and throughout its extensive dealer and distributor network. NEC anticipates significant cost savings, not only by taking advantage of nFusion's hosted model, but also by using nFusion to procure credit data from multiple credit bureaus, and by leveraging process automation capabilities to eliminate redundant and manual tasks.
"After an extensive survey of the market for credit automation providers, we conducted an in-depth analysis of competitive offerings and found that eCredit nFusion was the clear winner," said Herschel Salan, General Manager, NEC Financial Services. "We were particularly attracted by the potential benefits of nFusion's tight integration to our back-end financial systems, and look forward to nFusion helping us streamline our internal operations processes and provide improved levels of service to our customer base, allowing us to increase our sales and marketing reach."
nFusion will not only enable real-time risk management and credit line assignments for NEC, but will also provide the company with in-depth analysis capabilities that allow credit decisions to be based on the most complete information available. This will ensure that nFusion handles all credit requests efficiently and consistently, from lower value transactions that can be fully automated, to high-value credit applications that require thorough risk and portfolio analysis.
"Of critical importance to NEC and other vendors in the leasing space is the ability to create business processes that can be audited and replicated easily," said Jeff Dickerson, President of eCredit. "We are extremely pleased that NEC has recognized the value that nFusion can provide, helping automate credit processes and delivering outstanding service to its customers."
About NEC Financial Services
NEC Financial Services, Inc., a wholly owned subsidiary of NEC USA, Inc., was established in 1986 to offer financing services to NEC Dealers and their customers in the United States. NEC Financial Services delivers flexible leasing structures to customers nationwide. With a staff of seasoned leasing professionals in a highly automated office, NEC helps keep its customers on the cutting edge of leasing innovation. For more information, please visit neclease.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.
SOURCE eCredit
CO: eCredit; NEC Financial Services
ST: Massachusetts
SU:
Web site: ecredit.com
prnewswire.com
05/28/2004 09:01 EDT |
