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Thursday February 25, 8:15 am Eastern Time
Company Press Release
SOURCE: Navidec Inc.
Navidec Launches Internet Invoicing System for Columbine JDS; Spotdata.com Brings Paperless Billing to the Broadcast Advertising Industry
DENVER, Feb. 25 /PRNewswire/ -- Navidec Inc. (Nasdaq: NVDC - news), a leading provider of web-based products and solutions, today announced it developed a business-to-business E-commerce solution for Columbine JDS Systems, Inc. (CJDS) at www.spotdata.com. The Spotdata(TM) service gives advertising agencies, media buyers and in-house agencies the ability to securely download electronic invoices over the Internet from broadcasting and cable companies. These advertising agencies and media buyers can also view and print their invoices from any web browser.
Navidec broke new ground in Java technology by developing one of the first large-scale billing applications that dynamically generates invoices as PDF files. Differing from most current online bill-presentment technologies that use HTML code or image files to display invoices online, PDF files enable users to view invoices in seconds with unequaled printing and display capabilities.
''The quick adoption of Spotdata by so many stations and cable providers in the short time since CJDS announced the service is clear evidence of the broadcast and cable industries' growing commitment to electronic invoicing,'' said Wayne Ruting, Columbine JDS president and CEO.
Since CJDS announced plans to launch Spotdata in September, the broadcast and cable industry embraced the idea of transitioning to a paperless billing system that can dramatically increase the speed of the reconciliation and payment process. The system saves the cable, broadcast and advertising companies a great deal of money by reducing mailing and data entry costs. Prior to turning the solution live 23 broadcasting and cable companies committed to participate in the service.
''Spotdata is an excellent example of the world-class solutions we've created that helped establish us as one of only 14 Authorized Java Centers in the U.S.,'' said Ralph Armijo, president and CEO of Navidec. ''Our Java expertise allowed us to develop a fast-responding, high-performance web site that is even more secure than many online banking applications.''
Market research firm Killen & Associates estimates that switching to electronic invoicing could save companies $8 billion annually by 2001. With companies like MCI, FirstUSA, AT&T and American Express already using online bill presentment and payment technology, Navidec is establishing a strong presence early on in this marketplace that shows incredible growth potential.
Navidec Inc., based in Denver, is a leading national provider of products and solutions that use web-based technologies to achieve its customers' business objectives. From commercial web site development to the design and implementation of intranet and extranet applications and tools, Navidec helps customers develop successful online solutions. Navidec's premier vertical market focus is on the automotive industry with its USWheels.com, CarWizard.com and LeaseSource.com web sites. Navidec partners with Bank One and regional media outlets to produce USWheels.com web sites in markets nationwide. The company's web site address is www.navidec.com.
All statements in this press release, other than historical facts, are forward looking statements. These statements are based on certain assumptions and analyses made by Navidec in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstance. Such statements are subject to a number of risks and uncertainties, including general and economic business conditions competitive services and pricing, new service development, and the delivery of services under existing contracts. Those filings are available online at www.freeedgar.com.
SOURCE: Navidec Inc.
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More Quotes and News: Navidec Inc (Nasdaq:NVDC - news)
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