BRYN MAWR, PA- March 12, 2008 - ezBackOffice today announced that Paystream Advisors, a technology research and consulting firm, has ranked the ezCash solution as number one for collection management strength in its Receivables and Collections Management 2.0 report. ezBackoffice's ezCash solution is a web-based, collaborative software application that enables clients to accelerate the collection of accounts receivable by organizing and prioritizing collection efforts, tracking customer promises, and following-up on broken promises. Intuitive, online visibility to key information, such as invoice copies and remittance images, reduces the time spent searching for documents and increases customer contacts per hour. (http://www.ezbackoffice.com/ezcash)
The report states, "The differences in the collection management area are even more subtle since all the vendors provide advanced solutions. Because these vendors do the basics very well, any differentiation will be derived from the bells and whistles and the user's interface preferences. Topping our evaluation was ezCash, followed very closely by AvantGard Receivables. The small edge we gave ezCash is primarily due to the flexibility of that solution, which is derived from its implementation at firms that must handle both trade and consumer receivables."
In its assessment of the ezCash solution, the report finds "ezCash to be one of the most comprehensive collection management solutions and (we) were particularly impressed by the ease of use and flexibility of its many imbedded collection tools... ... All things considered, ezCash provides a very competitive solution set with a high degree of functionality for larger institutions, and even more so for midsized enterprises, its target market."
We are pleased that ezCash is recognized as a competitive and valuable receivable collection management solution. Task automation, intuitive user interface, and dynamic workflow are tools to help our clients build an effective collection process. Together with the application of proven collection strategies, our aim is to help improve our clients' cash flow and reduce borrowing costs. We strive to continually commit our resources to deliver turnkey solutions for our customers and partners such that they can optimize their collection resources.
About Paystream Advisors
PayStream Advisors delivers unbiased, third-party market trend information, assessments of financial automation technology, and innovative ideas to business leaders in healthcare, consumer billing, finance and treasury, accounts receivable and accounts payable.
ezBackOffice is an application software and services company offering innovative Web-based solutions, enabling Fortune 5000 companies to realize significant improvements in their back office operations. Our solutions are designed to benefit the medium-to-large size company. Our ezCash credit and collection solution empowers our clients to extract greater value from their accounts receivable operations, significantly lowering their operating expenses and accelerating their cash flow. ezBackOffice solutions are designed to run on MicrosoftTM (MSFT) WindowsTM 2000 and WindowsTM Server 2003 operating systems and easily interface with the industry leading ERP solutions from OracleTM (ORCL) and SAPTM (SAP).
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