SOURCE: eCredit

November 07, 2005 09:20 ET

Mayer Electric Supply Selects eCredit Enterprise Edition

Leading Electrical Distributor to Speed Sales Approvals With eCredit

DEDHAM, MA and BIRMINGHAM, AL -- (MARKET WIRE) -- November 7, 2005 -- eCredit, a leading provider of online solutions for credit and collections professionals, today announced that Mayer Electric Supply, one of the largest electrical distributors in the U.S., has selected eCredit Enterprise Edition to manage its credit operations. Replacing an internally developed manual process, eCredit Enterprise Edition will accelerate Mayer's credit processes and help drive sales.

Following the best practices of the electrical supply distributors industry, Mayer Electric will leverage eCredit's ability to pull data from multiple sources to increase credit approval rates. Through establishing an automated process to pull data from D&B, Experian, and Equifax, eCredit will allow Mayer Electric to drive third-party data costs down. In addition, eCredit will interface with Mayer's existing ERP system to seamlessly integrate all customer account and payment information.

"eCredit will allow us to put a process in place to more consistently manage our customer portfolio and view account trends across time," said David Morgan, Mayer Electric Chief Financial Officer. "By giving our credit department access to both internal and multiple external data sources in one centralized location, eCredit offers unique benefits that no other credit management solutions provider could present."

"We are thrilled that Mayer Electric has followed other leading electrical supply distributors in selecting eCredit," said Jeff Dickerson, eCredit President and CEO. "We look forward to helping Mayer Electric improve its credit management and account approval processes, and most importantly increase sales approval rates while at the same time lowering the overall risk of the customer portfolio."

About Mayer Electric Supply

Mayer is a wholesale-distributor of electrical equipment and supplies, lighting, tools, communication products, and factory automation equipment. The company, founded in 1930, is headquartered in Birmingham, Alabama, and has 53 operations serving customers in Alabama, Florida, Georgia, North and South Carolina, Tennessee and Virginia. Mayer Electric Supply is the 15th largest distributor of electrical products in the U.S. with sales of $430M. The company is also a leader in Quality service as evidenced by it being the first electrical distributor in the nation to have received ISO 9002 Quality Certification.

About eCredit

eCredit is the leading provider of online solutions for credit and collections professionals. Its award-winning on-demand software family -- Personal Edition, Professional Edition, and Enterprise Edition -- supports the mission critical processes of granting credit, monitoring portfolio risk, resolving disputes and collecting accounts receivables. Within the Transportation industry, eCredit's solutions also include credit reports with over 35 million trade experiences on over 7 million unique companies. With deep roots in the credit and collections community, eCredit has over a decade of experience helping companies reduce bad debt and DSO while improving productivity, lowering costs and demonstrating results. eCredit is a private company headquartered in Dedham, Massachusetts. Major clients include AB Electrolux, American Airlines, Chevron, Cisco, Continental Airlines, Con-Way Transportation Services, Samsung Electronics, Cargill, NEC Financial, Graybar, CDW, Sun Microsystems, and Ryder System. For more information, please visit www.ecredit.com.

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