SOURCE: eCredit

February 13, 2006 09:25 ET

eCredit Launches Industry Focus Reports, Delivering Its Next Generation in Commercial Credit Reporting

New Reports Give Credit Professionals Highly Relevant, Industry Specific Data Source: Several NACM Affiliates Join Forces With eCredit to Usher in This New Solution

DEDHAM, MA -- (MARKET WIRE) -- February 13, 2006 -- eCredit, the leading provider of online solutions for credit and collections professionals, today announced the introduction of eCredit Industry Focus Reports, which provide companies in a number of industries with highly relevant, easy-to-use and cost-effective industry specific credit information. Leveraging eCredit's 14 years experience helping market-leading companies manage and optimize their credit and collections operations, these new credit reports will complement the data provided by the large commercial credit bureaus by supplying timely and accurate payment information for the following industries: aerospace, automotive supply, business services, oil and gas, equipment leasing, industrial supply, office supplies, transportation, and manufacturing.

"We have used eCredit's data for years and these new credit reports are a great complement to traditional credit reports," said John Pomilio, Vice President, Customer Financial Services, XTRA Lease. "eCredit Industry Focus Reports give me insight that is relevant to my industry, in a package that is easy to interpret and all at a price that can't be beat."

Representing the next generation in credit reporting, eCredit Industry Focus Reports are more relevant and much simpler to use. eCredit Industry Focus Reports provide extensive payment information, including how a given customer pays within a particular industry as well as across all industries. Configurable industry specific scores and concise commentary make interpreting the reports simple and payment experience trend charts and warning indicators make identifying potential issues easier. eCredit Industry Focus Reports will also be marketed and sold through several National Association of Credit Management (NACM) regional affiliates throughout the United States.

"For more than a decade, eCredit has witnessed how credit professionals use reports and acquired a deep understanding of what information is most valuable to them," said Jeff Dickerson, eCredit President and CEO. "eCredit Industry Focus Reports give credit professionals exactly what they want -- data that is timely, accurate, easy to acquire, and most importantly, specific to their industry."

In addition to eCredit Industry Focus Reports, eCredit provides powerful credit scoring and collections management software and leverages years of experience in the credit and collections industry and an extensive partner network to help companies successfully manage risk, drive revenue, and lower DSO and bad debt.

About eCredit

eCredit is the leading provider of online solutions for credit and collections professionals. Its award-winning on-demand software supports the mission critical processes of granting credit, monitoring portfolio risk, and collecting accounts receivables. eCredit also offers a comprehensive industry specific credit reporting and scoring solution that includes tens of millions of trade experiences on millions of companies, developed as a result of 14 years of credit management leadership. With deep roots in the credit and collections community, eCredit has continually demonstrated results by helping companies reduce bad debt and DSO while improving productivity and lowering costs. eCredit is a private company headquartered in Dedham, Massachusetts. Major clients include AB Electrolux, American Airlines, Chevron, Cisco, Ferguson, Samsung Electronics, Cargill, NEC Financial, Graybar, CDW, Sun Microsystems, and Ryder System. For more information, please visit www.ecredit.com.

eCredit.com and the eCredit.com logo are registered trademarks.

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