eCredit Release Extends Functionality of Credit and Collections Management Applications

eCredit, the leading provider of online solutions for credit and collections professionals, today announced the introduction of the eCredit Fall Release 2006. Advancing what is already the market’s most robust on-demand credit and collections software solution, this latest release of eCredit’s award-winning software provides credit and collections professionals with greater access to international credit data and statistical decision models and extends the functionality of the application through expanded integrations with third party solutions providers. The eCredit Fall Release 2006 also contains a number of usability enhancements that allow the credit and collections professional to achieve exceptional levels of productivity.

The eCredit Fall Release 2006 release, Version 4.8, elevates credit and collections departments through integration to third-party providers that will increase the quality of decisions being issued as well as accelerate credit approvals. PredictiveMetrics Net30 Score will now be accessible through eCredit; this statistical decision model can quickly and accurately predict the probability that an existing customer will become severely delinquent, go to loss, or bankruptcy. eCredit is also introducing Version 2.0 of eCredit for AppExchange, which enables users of Salesforce CRM to issue credit requests, helping to bridge the sales-credit gap. eCredit also empowers credit and collections managers through delivery of additional credit bureau information and a number of usability enhancements will streamline work for the collector and credit analyst, reducing manual entry and increasing analysis capabilities:

• New Data Bureau Integrations — eCredit now provides seamless integration to PredictiveMetrics Net30 Score, which can be used to assign collections risk strategies, optimizing subscriber’s ability to bring cash in the door. An enhanced link with Experian has been added to provide Commercial Fraud Insight and eCredit will now deliver new countries in the Graydon Eurogate Integration including Sweden, Germany, Italy, and several Eastern European Countries. In addition, eCredit Industry Focus Reports are now fully integrated with the application.
• Streamlined Order-to-Cash Processing — The introduction of eCredit for AppExchange Version 2.0 enables credit and collections managers to optimize their department’s performance. Users of Salesforce can issue credit requests directly from their CRM, removing process bottlenecks and speeding the order-to-cash cycle.
• Improved Collector Productivity Tools — Numerous enhancements to the eCredit collections module lets collectors create promises and disputes across multiple pages in the Invoice list screen and also to add notes directly to the Invoice list screen. Users can quickly and easily copy disputes, eliminating time-consuming manual entry.

“The latest release from eCredit will extend the business benefits we are already enjoying — a predictable cost model, the elimination of application maintenance and upgrades and unprecedented access to a diverse array of data providers,” said Tom Prendergast, Manager, Information Technology, NEC Financial Services. “In addition, eCredit for AppExchange will bridge the sales-finance gap and allow the credit and collections department to achieve higher levels of productivity.” “eCredit has pioneered the delivery of the software as a service model to credit and collections professionals,” said Jeff Dickerson, eCredit President and CEO. “Our Fall Release 2006 extends this delivery and solidifies our position as the premier provider of on-demand credit and collections solutions.”