SOURCE: Xign

January 24, 2007 11:00 ET

Xign Ranked Best Treasury and Cash Management Provider by Global Finance Editors

Xign's Leading Electronic Settlement Network to Be Recognized in the Magazine's March 2007 Issue

PLEASANTON, CA -- (MARKET WIRE) -- January 24, 2007 -- Xign Corporation, the operator of the leading settlement network for business, today announced that Global Finance magazine has ranked the company in its "Best Treasury and Cash Management Banks and Providers" 2007 winner listing scheduled to be published in an exclusive survey in the March 2007 issue.

Xign was selected as a "Best Treasury Management Systems & Services" company in the category of "Best Electronic Presentment and Payment Services." Global Finance editors, with input from industry analysts, corporate executives and technology experts, selected the best providers of treasury and cash management services based on a complete analysis of all global companies clearly established in the marketplace.

"Xign is honored to be selected as a best treasury and cash management provider by such a prestigious magazine as Global Finance," said Tom Glassanos, CEO of Xign. "This recognition comes on the heels of our electronic settlement network [the Xign Business Settlement Network] crossing the $100 billion transactional volume mark validating our solutions as one of the most trusted in the electronics payments and processing arena."

A variety of subjective and objective criteria were used for choosing the Global Finance winners. Factors considered included: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management banks have successfully differentiated themselves from their competitors around core treasury and cash management service provision.

"In today's competitive global economic environment, treasurers need the best tools and advice available to make capital work harder than ever," says Global Finance publisher Joseph D. Giarraputo. "Our awards identify the banks and providers of products and services that consistently improve transaction processes to speed collections and reduce risks."

About Xign Corporation

Xign Corporation operates the leading global settlement network for business. Xign's suite of on-demand applications is the first to automate the complete commerce cycle -- from electronic order delivery to electronic invoice and payment processing -- to streamline operations and monetize working capital. With more than $100 billion in transactions processed and a fast growing network of 40,000-plus global suppliers, Xign offers the most complete and widely deployed service of its kind. Customers include Fortune 2000 companies across many different industries such as Bristol-Myers Squibb, Honeywell, MetLife, Payless ShoeSource, RadioShack Corporation, Southern Company, Sprint, United Rentals, and Verizon Wireless. Xign is headquartered in Pleasanton, CA. For more information, visit www.xign.com.

Xign is a registered trademark of Xign Corporation.

About Global Finance

Global Finance, which marks its 20th year of publishing in 2007, has 50,000 subscribers and more than 254,000 readers in 158 countries. This audience includes chairmen, presidents, CEOs, CFOs, treasurers, and other financial officers responsible for making investments and strategic business decisions for global companies and financial institutions. Global Finance also targets the 8,000 key portfolio investors who control over 80% of all assets under professional management.

Contact Information

  • Company Contacts:

    Christopher Rauen
    Xign Corporation
    925-251-4514
    Email Contact

    Michelle Sabolich
    Atomic Public Relations
    415-402-0230
    Email Contact