Financial Value Chain Management Revenue to Reach $2.6 Billion by 2005; Aberdeen Report Examines the Value of New Financial Application

Business Wire, Sept 20, 2001

Business Editors

BOSTON--(BUSINESS WIRE)--Sept. 20, 2001

In a new research report, Aberdeen Group, a leading IT (Information Technology) market analysis and positioning services firm, forecasts that the Financial Value Chain Management (FVCM) technology market will grow from $131 million in 2000 to $2.56 billion in 2005. In addition, Aberdeen finds that applying Internet-based financial applications to B-to-B trade can help enterprises shorten trade and settlement cycles, lower administrative costs, reduce working capital requirements, and reduce financial risks.

"Moving B-to-B financial processes onto the Internet affords enterprises, financial institutions, and marketplaces of all shapes and sizes a tremendous opportunity to make their online and offline business more efficient and effective," says Andrei Arkhipov, Aberdeen senior research associate and author of the report. "Strengthening the financial operations of enterprises critical in this economic environment, in which funding is difficult to achieve for small companies, while large companies with undiversified accounts receivable could suffer extraordinarily high amounts of bad debt."

The report, "`Show Me the Money': How e-Business Will Transform the B-to-B Financial Processes," examines the value of financial process automation for suppliers, buyers, financial institutions, and marketplaces; defines a framework for FVCM; pinpoints early trends in the market; forecasts market growth and segmentation; and evaluates technology solutions of 23 FVCM providers.

Profiled suppliers include: Aceva Technologies; Actrade Financial Technologies, Ltd.; Aucxis Corp.; BankServ; BCE Emergis; BillingZone, LLC; Bottomline Technologies; CapitalStream, Inc.; Clareon Corporation; Clarus Corp.; eCredible; eCredit.com, Inc.; FinancialSettlementMatrix; Global Commerce Systems, Inc.; iPlanet(TM) e-commerce Solutions, a Sun-Netscape Alliance; Fair, Isaac and Company, Inc. (LiquidCredit); LiveCapital; onExchange, Inc.; PeopleSoft; Pitney Bowes Inc.; SurePay, LP; Tradenable; and Xign Corporation.

A free abridged version of the report is available. To obtain this or acquire the full report, please visit, www.aberdeen.com or call (800) 577-7891.

About Aberdeen

Aberdeen Group is a leading market analysis and positioning services firm that helps Information Technology vendors establish leadership in emerging markets. Steeped in technology and armed with end-user field research, Aberdeen answers clients' critical business and technology questions in the context of the Internet economy and across the product lifecycle. Founded in 1988, Aberdeen is headquartered in Boston, MA, and has research divisions in Fort Collins, CO; Palo Alto, CA; and Amsterdam, the Netherlands. Aberdeen is accessible via the Web at www.aberdeen.com.