RCM Technologies Selects eCredit to Drive Credit Automation
-- nFusion(R) Chosen as Strongest Competitive Offering to Help Lower DSO for IT Solutions Provider --
DEDHAM, Mass., July 12 /PRNewswire/ -- eCredit, the leading provider of Web-based credit and collections automation applications, today announced that RCM Technologies has selected eCredit(R) nFusion(R) to automate its credit processes. After a lengthy examination of a number of leading competitive vendors, RCM chose nFusion to replace an existing manual credit environment and serve as the foundation of its credit approval process.
Live on nFusion since February 2004, RCM has already begun to reap the benefits of an automated credit review and approval system throughout its network of offices across the United States and Canada. While compliance with corporate credit policies had been cumbersome under the previous system, nFusion has eased the burden of credit review for RCM credit analysts, such that they are now able to review only those high-risk applications which are flagged by the system as requiring analyst action. With the credit process pushed into the front-office, the RCM sales force is now empowered to deliver credit decisions at the point of sale. nFusion will also provide the company with in-depth analysis capabilities that allow credit decisions to be based on the most complete information available.
"We have been impressed at how quickly nFusion helps us operate; it enables our sales team to turn around credit request almost instantly, and automatically routes more complex decisions to analysts," said Michael Krinick, vice president of finance, RCM Technologies. "By enabling us to make smarter credit decisions, we are creating a portfolio of customers who pay more quickly, thus helping drive down DSO."
"We are pleased to be delivering to RCM the technology to improve the overall performance of its business," said Jeff Dickerson, president, eCredit.
"For many of today's leading companies, efficient credit operations directly correlate with the creation of increasingly efficient and effective sales forces. Solutions like nFusion not only automate credit processes, but also help businesses like RCM provide outstanding service to their customers as well."
About RCM Technologies
RCM Technologies, Inc., established in 1971, is a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced information technology and engineering services. RCM is an innovative leader in the design, development and delivery of these solutions to various industries. RCM's offices are located in major metropolitan centers throughout North America. Additional information can be found at www.rcmt.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 funded by Apex Venture Partners, Internet Capital Group (Nasdaq:ICGE), North Hill Ventures and Sterling Venture Partners. For additional information, visit eCredit on the Web at ecredit.com. |
