eCredit Delivers Industry's Most Comprehensive Integrated Credit and Collections Solution

DEDHAM, MA – eCredit, the leading provider of Web-based credit and collections automation applications, today announced the addition of its new Collections module to the company’s nFusion product suite. This functionality is a significant new product extension that positions eCredit as the only independent software provider of both credit and collections automation capabilities in one completely integrated, yet modular solution. The eCredit nFusion Collections module is available today to existing and prospective customers to help companies increase sales, improve operational efficiencies, optimize risk management, maximize working capital and improve corporate governance.

“Companies today are beginning to realize the necessity and strategic value of automating their credit and collections processes,” said Lee Geishecker, Research Vice President and Research Area Lead, Gartner Research. “By fully integrating these two traditionally disparate processes, companies for the first time can gain operational efficiencies throughout their organization, streamline their financial supply chain and accelerate the entire credit and collections decision-making process.”

Offered in application service provider (ASP) and customer hosted environments, the nFusion suite now goes beyond addressing the key pain points of today’s credit and collections departments by enabling companies to gain additional synergies across business process and organizational boundaries. With nFusion, credit information can drive more effective collections strategies, and collections data can improve and inform the credit process. As a result, nFusion not only brings together information that improves credit and collections operations, but also enables advanced modeling and predictive results through its comprehensive portfolio management capabilities.

“CFOs are counting on credit and collections managers to help them accelerate their working capital cycles, achieve greater sales penetration in target accounts, and improve internal controls and compliance,” said Deepak Verma, CEO, eCredit. “By integrating automated credit and collections processes, innovative companies are beginning to achieve real success against these goals, generating substantially improved and sustainable business performance.”

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 enhances credit and collections decision-making practices to deliver process efficiencies, increased revenues, optimized risk, improved working capital, and better corporate governance. 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 partner company with additional venture backing from Apex Venture Partners and Sterling Venture Partners. For additional information, visit eCredit on the Web at www.ecredit.com.