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BRYN MAWR, PA- April 12, 2006 - ezBackOfficeTM, the receivable management software company, today announced the availability of ezCash Placement Manager, a web-based application that makes it easier to place delinquent accounts with outside business partners, such as collection agencies. Reflecting our commitment to delivering turnkey solutions, this release provides a way to intensify collection efforts and optimize collection resources.
The ezCash Placement Manager application is designed to serve as the primary conduit between credit grantors and their collection agencies – with an emphasis on ease-of-use. At the same time, some credit grantors are also using it as a channel to debt buyers, skip data providers and law firms.
ezCash Placement Manager handles all of the account placement, management, reporting, and exception processing needed to successfully outsource the collection of debts. What’s more, it provides complete visibility to each partner’s activity and performance.
Using ezCash Placement Manager, credit grantors can place accounts with one or more collection agencies using a profile-based approach. Profiles define the criteria for each placement, allowing accounts to be placed on an individual, ad hoc, or periodic basis.
The ezCash Placement Manager integrates with ezCash Collection Strategies to automatically place accounts when in-house collection efforts are exhausted. The Placement Manager also interfaces with event-driven information, such as notifications of bankruptcy filings.
Now, all of the interaction with these business partners can take place electronically, thus eliminating the need and costs of exchanging spreadsheets and paper documents.
About ezCash Software
ezCash is a web-based, collaborative software application that enables you to do just what our other clients are doing --- collect their outstanding accounts receivable faster. Acceleration is achieved 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 the customer contacts per hour. By sharing common knowledge about an account, a business can take coordinated actions to not only make collections quicker, but also improve customer relationships.
About ezBackOffice
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 Microsoft™ (MSFT) Windows 2000™ and 2003 Operating Systems and easily interface with the industry leading ERP solutions from Oracle™ (ORCL), PeopleSoft™ (PSFT) and SAP™ (SAP).
For More Information Contact:
ezBackOffice, Inc.
994 Old Eagle School Rd
Suite 1000
Wayne, PA 19087
Phone: (610) 860-9196 x-214
www.ezbackoffice.com
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