Avolent Introduces BizCast Software for Business-to-Business Electronic Billing.Business/Hi-Tech Editors TeleStrategies' Billing 2000 Conference (Booth 528) SAN FRANCISCO--(BUSINESS WIRE)--June 19, 2000 Data-Centric Business-to-Business Internet Billing Software Platform to be Previewed at Billing 2000 Avolent (formerly Just in Time Solutions), the leading provider of Internet billing, invoicing and interactive customer care software, today unveiled BizCast(TM), a data-centric, business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) electronic bill presentment and payment See EBPP. (EBPP (Electronic Bill Presentment and Payment) Sending invoices to customers over the Internet. When payment is due, an e-mail is sent with a link to a Web page that contains the billing information and the payment services that are supported. ) software solution. Designed for delivery of interactive electronic invoices between billers, biller service providers, banks and business customers (payers), BizCast leverages Avolent's technology and expertise in enterprise-class Internet billing. "Business-to-business invoice presentment and payment is a potentially huge market," said Pat Turocy, senior analyst at Doculabs. "With the combination of the obvious benefits of B2B EBPP and the momentum of businesses moving to Internet-based automation, we expect that the adoption rate for business-to-business EBPP will be rapid. The BizCast platform clearly demonstrates that Avolent understands and is responding to the demands of billers, service bureaus and payers in this industry." BizCast offers tremendous benefits for both billers and payers. For billers and service providers, the new invoice model allows them to reduce costs associated with production of paper-based invoices and dispute handling as well as improve days sales outstanding In accountancy, Days Sales Outstanding is a company's average collection period. A low figure indicates that the company collects its outstanding receivables quickly. Typically it is looked at either quarterly or yearly (90 or 365 days). (DSO See CSO. ) of payments and the level of customer service that their business customers receive. With the Personalize module, billers can also deliver targeted marketing messages directly to end-users. For payers, B2B EBPP results in more efficient workflow of the approval and reconciliation processes, which saves time and money, and reduces errors. "We've been able to leverage core technologies of our proven BillCast(TM) platform, and designed BizCast from the ground up as a truly data-centric B2B application for Internet invoice presentment and payment," commented Brad Benson Brad William Benson (born November 25, 1955 in Altoona, Pennsylvania) is a former professional American football player. He was an offensive lineman with the New York Giants of the National Football League from 1978 to 1988. , vice president of engineering at Avolent. "BizCast's standards-based architecture makes it possible for electronic invoices to be received and paid by the greatest number of businesses." Avolent's BizCast addresses key issues for the B2B market, including: -- Complete invoice presentment and payment capabilities -- Invoice Bursting for routing, review and approval by multiple users across a distributed enterprise -- Automated dispute handling and resolution between billers and payers -- Flexible workflow definition to match the payer's review and payment processes -- Reporting and Analysis for improved visibility and decision-making -- XML-based integration for linking BizCast to enterprise systems using the latest industry standards -- A proven, scalable technology platform that is 100% Java and based on open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Bank is among early customers that have selected BizCast, which is expected to be made available to the larger market in the second half of 2000. BizCast will be demonstrated at booth No. 528 at TeleStrategies' Billing 2000 conference in Washington DC from June 27-29, 2000. About Avolent Avolent (formerly Just in Time Solutions) is the leading provider of standards-based software solutions for business-to-business and business-to-consumer Internet billing and interactive customer care. The company's modular BillCast' software suite enables relationship-centric billers to deploy secure, scalable solutions for personalized billing, statement presentment, payment and service delivery that increase the value of each customer interaction. Avolent's data-centric BizCast' platform is designed to deliver interactive electronic invoices between billers, biller service providers, banks and business customers (payers). Avolent helped pioneer the Open Financial Exchange (OFX OFX Open Financial Exchange OFX Outer Fix OFX Open Effects ) standard for online bill presentment See EBPP. and the thin consolidator model, and continues to champion open standards, including Interactive Financial Exchange (IFX IFX - ["Type Reconstruction with First-Class Polymorphic Values", J. O'Toole et al, SIGPLAN Notices 24(7):207-217 (Jul 1989)]. ). Founded in 1995 and based in San Francisco, Avolent's customers include some of the largest billing organizations and service providers in the industry, including AT&T, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , CyberBills, Intuit, MasterCard, M&I Data Services, Output Technology Solutions, Spectrum and Wells Fargo. For more information, please visit www.avolent.com or call 415/553-6400. Avolent, BillCast and BizCast are registered trademarks of Avolent. All other product and company names are the property of their respective owners and are hereby acknowledged. |
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