SAN FRANCISCO, April 10, 2006 (PRIMEZONE) -- FEI Summit -- Aceva Technologies, a leading provider of enterprise applications for performance management of receivables and cash flow, today announced the availability of Aceva version 6.0. Addressing the need for companies to better manage their cash flow, version 6.0 combines advanced forecasting and search capabilities with full global support to ensure that users have the critical insight necessary to drive down days sales outstanding (DSO) and improve cash management -- two key metrics to increasing working capital performance. In addition, with complete localized support, the new release enables global companies to easily roll-out a working capital solution to its regional offices worldwide, while still maintaining enterprise-wide visibility and control.
"Being able to align execution with strategic intent is essential to the performance management of enterprise cash flow," said Sanjay Srivastava, chief operating officer of Aceva. "To that end, version 6.0 advances a company's ability to blend historical data with forecasted outcomes to help drive execution that delivers on working capital goals."
According to John Van Decker, senior vice president and principal research fellow with the Robert Francis Group, "Measuring and managing business-critical processes requires solutions that offer global oversight, predictive analytics for enhanced planning and forecasting, and the ability to align corporate strategy with advanced process automation. This requires applications focused on working capital performance to empower corporate finance departments to improve cash management and increase process effectiveness to reduce DSO and unlock working capital."
New features that enable companies to optimize working capital on a global level include:
Advanced Forecasting Capabilities
-- Forecasting based on a full range of metrics and values
-- Ability to append supporting documents and attachments to forecast
Powerful Search Algorithms
-- Search on reference data that is linked to accounts and
underlying documents
-- Protection of account and document fields from being searched
-- Multi-level search down to document line-item data
Fully Localized Product Support
-- Localized user interface
-- Local language billing statements
-- Language specific documentation and correspondence management
Availability
Aceva version 6.0 is available now. For more information, email info@aceva.com or (650) 227-5540.
About Aceva
Aceva Technologies is a leading provider of enterprise application software solutions for enterprise applications for performance management of receivables and cash flow. 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, Avaya, Honeywell, Network Appliance, and Sprint. For more details, visit www.aceva.com, send email to info@aceva.com or telephone (650) 227-5500.
Aceva is a trademark of Aceva Technologies, Inc. All other trademarks and company names mentioned are the property of their respective owners.