GETPAID Drives Collections for the Transportation Industry; Transportation Companies Streamline Billions of Dollars in Receivables with Award Winning Order-to-Cash Technology

Business Wire, April 4, 2005

PARSIPPANY, N.J. -- The GETPAID(R) Corporation, leading provider of software and services for working capital optimization, maintains its leadership position within the transportation industry by continuing to deliver innovative solutions to address their complex business requirements.

Fortune 500 transportation companies are relying on GETPAID's enterprise Order-to-Cash technology to automate receivables, shorten billing cycles and improve customer service. Leaders within the transportation industry including Con-Way Transportation Services, FedEx Freight, GI Trucking, U.S. Xpress, and Yellow Roadway are among the more than 700 companies that use GETPAID.

"The ability to quickly and efficiently transfer goods and information from one place to the next is essential within the transport and freight industry," comments Keith Burnett, vice president of administration for Con-Way Transportation Services, a GETPAID customer. "Our continued emphasis on technology to provide timely, accurate information is critical to supporting good customer relationships."

InformationWeek recently acknowledged Con-Way Transportation Services as one of the most innovative IT users in the United States. Named an InformationWeek 500 company, Con-Way was recognized for its IT initiatives that contributed to revenue growth, customer satisfaction, information technology governance practices, and business processes.

"Due to the nature of the transportation industry, these companies tend to generate an enormous amount of documents, and require a great deal of coordination in order to effectively manage their operations," states Dianna Piumelli, CEO of The GETPAID Corporation. "The GETPAID solution is well suited to manage the volume and complexity as it is a highly configurable system with support for web-based collaboration."

Business operations are simplified by the use of GETPAID. In the freight industry, bill recovery often means coordinating complex account structures within multiple companies, prioritizing activities, scheduling and resolving various disputes. GETPAID provides a solution that helps to increase productivity, accurately settle invoices, and integrate decentralized environments into a single Order-to-Cash system.

Award Winning Order-to-Cash Technology

Recently awarded 'Best Provider of Accounts Receivables Services' by Global Finance Magazine, GETPAID is the only provider of end-to-end solutions to support the entire order-to-cash cycle. Criteria used for selecting the winners included: market leadership, customer service, competitive pricing, and innovative technologies.

GETPAID streamlines the accounts receivables process with its enterprise software and services. It addresses every aspect of the order-to-cash cycle with proven capabilities in credit risk management, EIPP, collections, disputes, and cash application, as well as integrated cash forecasting, performance tracking, portfolio management, and root-cause analysis.

About The GETPAID Corporation

The GETPAID Corporation provides software and services for working capital optimization. GETPAID helps companies increase cash flow, prevent revenue leakage, meet regulatory compliance, and boost operating margins by delivering the only end-to-end solution to manage the Order-to-Cash cycle. The GETPAID solution suite embeds policy, automates processes and drives workflow for streamlined credit risk management, collections, dispute processing, online invoicing, and cash application, with detailed forecasting and analysis.

GETPAID is backed by over fifteen years of research and development as well as a comprehensive services and support organization, and a customer network of market leaders across every primary industry. The GETPAID Professional Services team is comprised of credit and collections experts who bring with them the collective experience and best practices of over 700 implementations in over 35 countries. Delivering implementation, training and on-going support services to the more than 18,500 global users in a wide array of companies, industries and environments, GETPAID is based in New Jersey, USA, with offices worldwide.

For more information, contact GETPAID at 1-973-463-1500 or visit www.getpaid.com.

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