SOURCE: Aceva

June 22, 2005 09:00 ET

Leading Independent Research Firm Gives Aceva Highest Ranking for Revenue and Receivables Management Solution

Aceva Outshines Competitors and Is Cited as Leader in Order-to-Cash Software With Most Innovative Product and Best Return on Investment

SAN MATEO, CA -- (MARKET WIRE) -- June 22, 2005 -- Aceva Technologies, Inc., a leading provider of enterprise software applications for revenue and receivables management, today announced that the analyst firm, Enterprise Applications Consulting (EAC), has positioned Aceva as best in class in its recent research report "Maximizing the Innovative Impact of Revenue and Receivables Management Software."

In an objective comparative analysis of leading best-of-breed solutions from such vendors as GetPaid, eCredit and Emagia, EAC reports that Aceva stands out from the competition by providing a far superior level of automation and has demonstrated a higher level of innovation and vision in product strategy and development.

EAC states that Aceva Collections Management and Transaction Reconciliation solutions -- a comprehensive suite of order-to-cash software -- was the only solution set to provide advanced automation of the order-to-cash cycle while also adding an additional level of proactive transaction monitoring. As a result, customers can realize a much higher return on working capital than from competitive offerings.

"The benefits of advanced solutions for automating the order-to-cash cycle are just now being realized by leading-edge companies across a wide range of industries," said Joshua Greenbaum, principal, Enterprise Applications Consulting. "But innovative excellence can only be achieved by reaching for the next level of automation in revenue and receivables management. Aceva is the best positioned of the vendors in this market to deliver this next level of automation to a broad range of enterprise customers in diverse industries."

"EAC's findings further validate the vision and strategy that we have set out to address with our technology," said Sanjay Srivastava, chief operating officer, Aceva Technologies. "We are pleased to be recognized by EAC as the leader in revenue and receivables management."

EAC believes that companies would do well to consider Aceva's solutions as a leading offering in the quest to make good on the promise of revenue management software. The company's products not only meet the standard practice requirements of the industry, but go out ahead of the competition in providing this next level of innovation. For companies looking for the best possible return on their investment in the improvement of the order-to-cash cycle, Aceva can make an important contribution to the bottom line.

About Aceva

Aceva Technologies is a leading provider of enterprise application software solutions for revenue and receivables management. Aceva's solutions for credit management, order quality, dispute prevention, inventory transaction reconciliation, deductions management, EIPP, collections management, and cash forecasting directly address quote-to-cash process breakdowns, quality issues, and automation requirements. Aceva's products deliver end-to-end revenue and receivables visibility, continuous business policy monitoring, collections process automation and workflow, as well as comprehensive reporting and analytics. As a result, customers are able to optimize financial performance and working capital, improve operational excellence and customer satisfaction, and comply with internal controls and regulatory requirements.

Headquartered in San Mateo, California, Aceva's customers include Applied Materials, Honeywell, Network Appliance, Sherwin-Williams and StorageTek. For more details, visit www.aceva.com, send email to info@aceva.com or telephone 1-650-227-5500.

About EAC

Joshua Greenbaum is the principal of Enterprise Applications Consulting, a market research and consulting firm based in Berkeley, Calif. More information on Enterprise Applications Consulting can be found at www.eaconsult.com.

Please click here to view the "Maximizing the Innovative Impact of Revenue and Receivables Management Software" report: http://media.marketwire.com/attachments/200506/214348_EACRevenueManagement.pdf

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