SAN MATEO, Calif., June 6, 2006 (PRIMEZONE) -- Aceva Technologies, a leading provider of applications for enterprise cash flow performance management, today announced that IKON Office Solutions, the world's largest independent channel for document management systems and services, has chosen Aceva for its credit and collections management software to help optimize cash flow across its North American operations.
Aceva will provide IKON with a flexible and scalable solution to support their business model, while allowing them to leverage their existing software infrastructure, comprised of multiple systems and platforms. Additionally, the solution is designed to help IKON optimize corporate financial performance through reduced DSO, predictable cash flow and optimum working capital allocation.
With Aceva, IKON will be able to combine collections best practices with process automation. The Aceva solution is designed to provide:
-- A single, consolidated view of the entire customer account,
including a comprehensive view of cash flow activity
-- System-generated prioritization rules such as automatic workflow
and to-do lists for consistent, active customer contact
-- Flexible, user friendly report generation for proactive visibility
of cash performance and intelligent forecasting
"IKON is representative of the leading corporations that are focusing on the strategic business performance management of enterprise cash flow," said Sanjay Srivastava, chief operating officer of Aceva. "We are committed to delivering the comprehensive solutions that allow companies like IKON to achieve their working capital and cash flow optimization targets."
About Aceva
Aceva Technologies is a leading provider of software solutions for enterprise cash flow performance management. Aceva's solutions directly address quote-to-cash process breakdowns, quality issues, and automation requirements by delivering global financial visibility, continuous business policy monitoring, comprehensive process automation and workflow, as well as robust 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.