SAN MATEO, Calif., Aug. 22, 2006 (PRIMEZONE) -- Aceva Technologies, a leading provider of applications for enterprise cash flow performance management, today announced that it has expanded its footprint into 26 countries. Representative customers include Agilent Technologies, Chiquita Brands International, Emerson Process Management, Network Appliance, Thermo Electron Corporation and Sun Chemical.
The news is in line with recent studies revealing that global organizations are now emphasizing effectiveness over mere efficiency. Performance management is quickly becoming the No. 1 concern for business leaders as they strive to improve results and increase the value of their businesses (Source: IBM Business Consulting Services, The 2005 Global CFO Study). Core to the effectiveness movement are cash-intensive initiatives such as developing innovative products, services and technologies.
"With an increasingly global economy, a unified view of cash flow has become critical not only from a pure execution or regulatory standpoint, but also to ensure competitive growth," said Sanjay Srivastava, chief operating officer of Aceva. "Aceva has a proven history of providing multi-national companies with a centralized way to manage cash flow worldwide, ensuring continued expansion and attainment of strategic objectives."
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 Avaya, BP, Chiquita, 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.