FleetCor Selects eCredit to Automate Collections Processing
- nFusion(R) Suite Chosen as Strongest Offering for Leading Provider of Fleet
Card Processing Solutions -
DEDHAM, Mass., and ATLANTA, Dec. 14 /PRNewswire/ -- eCredit, the leading provider of Web-based credit and collections automation applications, today announced that FleetCor, The Fleet Card Company, has selected the eCredit nFusion suite to automate its collections processes. Bringing together collections activities involving external legal counsel and core internal systems, nFusion will be used by a growing staff of collectors serving FleetCor's Fuelman Fleetcard customers as well as its FleetNet, Mannatec, and Private Label clients.
In early 2004, FleetCor began to evaluate collections automation solutions from several vendors to replace its existing processing model. The solution that best served its current needs and accommodated for future expansion was eCredit nFusion, providing rapid and straightforward solutions to help improve the speed of collections, including workflow assignments, escalation capability, exceptions and dispute management, and collector reporting metrics. Additionally, eCredit nFusion will also help FleetCor increase the value it is able to provide to its customer base, improving customer service through automated and efficient collections processing.
"In addition to offering the suite best capable of creating a powerful and user-friendly environment to manage our collection efforts, eCredit nFusion also impressed us with its economic benefits. We project a strong return on our investment even in the first year of implementation," said David Mauldin, FleetCor Director of Financial Services. "We are excited to be able to offer the nFusion product to our collections group and will see numerous client service benefits with this powerful tool."
"For companies like FleetCor which are experiencing rapid growth and seeking to improve effectiveness and efficiency in trade receivables management, solutions like eCredit nFusion are true necessities," said Jeff Dickerson, CEO of eCredit. "By reducing DSO and increasing the number of accounts collectors can manage effectively, eCredit nFusion allows companies to control costs today and steadily improve the performance of their businesses over time."
About FleetCor, The Fleet Card Company
Headquartered in Atlanta with regional offices across the US, FleetCor is a leading provider of fleet card processing solutions with more than 1 million cardholders. FleetCor solutions are marketed directly and through its issuing partners under a variety of proprietary names including CFN(R), FleetNet(R), Fuelman(R) and Mannatec(R). For more information on FleetCor, visit the company's web site at fleetcor.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, Cargill, 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.
Press Contacts
Alex Cote
eCredit
(781) 752-1287
acote@ecredit.com
David Mauldin
Fleetcor, The Fleet Card Company
(678) 969-7622
david.mauldin@fleetcor.com
Christiaan Vorkink
Miller Consulting Group
(617) 262-1800
cv@millergrp.com
SOURCE eCredit nFusion
CO: eCredit nFusion; FleetCor
ST: Massachusetts, Georgia
SU: JVN
Web site: ecredit.com
prnewswire.com
12/14/2004 09:01 EST |
