BCE Emergis Einvoicing Solution to Fuel Automation of Navistar Financial Corporation's Receivables.Business Editors/High-Tech Writers MONTREAL & WARRENVILLE, Ill.--(BUSINESS WIRE)--April 21, 2003 Fortune 500 Truck and Engine Company's One Million Annual Invoices Go Online with Emergis(R) Einvoicing BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Emergis' (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :IFM IFM Institut Français de la Mode (French Fashion Institute) IfM Institute for Micromanufacturing (Louisiana Tech University) IFM Interface Module IFM Instantaneous Frequency Measurement ) Emergis(R) e-Invoicing will be fuelling the automation of operations for Navistar International Navistar International Corporation (Pink Sheets: NAVZ) (formerly International Harvester Company) is a manufacturer of International brand commercial trucks, MaxxForce brand diesel engines, IC Corporation brand school buses, Workhorse brand chassis for motor homes and step vans, Corporation's (NYSE NYSE See: New York Stock Exchange :NAV See navigation system and navigation bar. ) International Finance Group (International Finance) in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Under the three-year agreement, Emergis e-Invoicing will make International Finance's one million annual invoices available online, for a serviced portfolio totalling approximately four billion dollars US, to replace the current manual paper-based treatment of their accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying . With Emergis e-Invoicing for Receivables, International(R) dealers and retail customers will be able to pre-schedule payments online to better manage their trade credit and benefit from electronic routing of workflow documents. International Finance will also be using the BCE Emergis customizable Fast Lane adoption program to drive enrolment and ongoing usage of the application by trading partners. "We are delighted that International Finance has selected BCE Emergis to work in conjunction with JPMorgan to automate the core of their accounts receivable operations," said Alan Neely, president of BCE Emergis ePayments Solutions. "Our channel partner relationship with JPMorgan continues to open doors to exciting opportunities like International Finance, which we are well positioned to pursue." Built on a scalable, reliable Java/Unix platform, the BCE Emergis transaction-based solution is easy to deploy and does not require large-scale upfront investments in IT equipment or infrastructure. The collaborative tool allows trading partners to review, dispute, and approve invoices down to the line item level using a multi-step approval process and pay those invoices electronically. The BCE Emergis Fast Lane adoption program offers e-Invoicing customers customized tools designed to increase enrolment and usage through such tactics as a ready-to-post web site, self-paced demo, web-based eLearning tool and other promotion, loyalty and measuring tools Because human senses - like vision, hearing, touch, heat/cold receptors are subjective - which means that they are not very accurate nor reliable - science do not use them in measurements. Instead, measuring tools are used. . A dependable financing source to businesses involved in transportation since 1949, International Finance is the financing arm of International Truck and Engine Corporation - a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Navistar- and a leading producer of mid-range diesel engines, trucks and parts and service sold under the International(R) brand. International products, parts and services are sold through a network of nearly 1,000 dealer outlets in the United States, Canada, Brazil, and Mexico and more than 60 dealers in 90 other countries throughout the world. The company currently processes all invoices, many payments and dispute resolutions manually. "Being a financing company of our scale and scope, International Finance's operations required a strong technology partner whose solution would recognize and deal with the complexities of our business and our broad distribution network," said International Finance's chief information officer, Vaun Kampschroeder, "Emergis e-Invoicing provides us with a 360 degree view of customer payment processing that will significantly enhance our internal workflow and dispute resolution processes and allow us to better serve our customers." As a result of joint sales initiatives with distribution partner JPMorgan and other major banks in the U.S., a growing number of Fortune 500 businesses are choosing BCE Emergis' eInvoicing solutions. "This agreement with International Finance clearly demonstrates that the value of Emergis e-Invoicing spans across industries and goes beyond geographic borders," affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. Neely, "Our ability to meet the requirements of an industry leader like Navistar speaks to the flexibility and comprehensiveness of our solution." About International Headquartered in Warrenville, Ill., Navistar International Corporation (NYSE:NAV) is the parent company of International Truck and Engine Corporation, a leading producer of mid-range diesel engines, medium trucks, heavy trucks, severe service vehicles and a provider of parts and service sold under the International(R) brand. IC Corporation, a wholly owned subsidiary, produces school buses. The company also is a private label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. Additionally, through a joint venture with Ford Motor Company, the company builds medium commercial trucks and sells truck and diesel engine service parts. International Truck and Engine has the broadest distribution network in the industry. Financing for customers and dealers is provided through a wholly owned subsidiary. Additional information can be found on the company's web site at www.nav-international.com About BCE Emergis BCE Emergis is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. eBusiness company enabling specialized transaction processes for the health and finance sectors. BCE Emergis supplies solutions to businesses that automate transactions between companies and allows them to interact and transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting in real-time. Its leading technologies are centred on claims processing, electronic bill presentment and payment See EBPP. solutions. BCE Emergis customers include 14 leading North American health insurers, three of the top five U.S. banks, the top six Canadian banks, and a number of North America's largest enterprises. The Company's shares (TSX:IFM) are included in the S&P/TSX Composite Index Composite Index A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". . For more information, visit the company's website at www.emergis.com. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly. Factors which could cause actual results or events to differ materially from current expectations include, among other things: the ability of the Company's strategies to produce the expected benefits and growth prospects; the uncertainty of the Canadian and U.S. economies; fluctuations in the currency exchange rates between the Canadian and U.S. dollar; the extent of the adoption of eBusiness; the adoption rate of our solutions by our customers and their channel partners; the Company's ability to respond to the industry's rapid pace of change; competition; the ability of the Company to continue to grow its revenues; the volatility of the Company's quarterly operating results; the ability of the Company to manage and expand its U.S. operations; the ability of the Company to integrate acquisitions; the Company's reliance on strategic relationships, including its relationship with BCE Inc.; the Company's dependence on contracting medical service providers and the risk of professional liability relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc its medical management services; the possibility of defects in software or failures in the processing of transactions; the possibility of security and privacy breaches; the ability of the Company to attract and retain highly trained personnel; the ability of the Company to develop and maintain its intellectual property; the risk of intellectual property infringement claims against the Company; the integrity of public key cryptology The science of developing secret codes and/or the use of those codes in encryption systems. See cryptography. cryptology - The study of cryptography and cryptanalysis. technology used by the Company; and the risk of increased government regulation of the Company's operations. For additional information with respect to certain of these and other factors, see the Annual Information Form and Annual Report (Management Discussion and Analysis) of the Company filed with Canadian securities commissions. THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESS RELEASE REPRESENT BCE EMERGIS EXPECTATIONS AS AT APRIL April: see month. 21, 2003 AND, ACCORDINGLY, ARE SUBJECT TO CHANGE AFTER SUCH DATE. HOWEVER BCE EMERGIS DISCLAIMS ANY INTENTION OR OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion