BCE Emergis Signs Agreement with Bank One to Offer Electronic Invoice Presentment and Payment Enabling Solution.Business Editors/Hi-Tech Writers MONTREAL & CHICAGO--(BUSINESS WIRE)--Jan. 31, 2001 Web-Based technology expands Bank One's services to commercial customers BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Emergis Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :IFM IFM Institut Français de la Mode (French Fashion Institute) IfM Institute for Micromanufacturing (Louisiana Tech University) IFM Interface Module IFM Instantaneous Frequency Measurement ), a premier provider of B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. services and exchanges, and Bank One (NYSE NYSE See: New York Stock Exchange :ONE), the fifth largest U.S. bank holding company, today announced an agreement that enables Bank One to offer electronic invoice presentment and payment enabling solutions (EIPP EIPP Electronic Invoice Payment and Presentment EIPP Electronic Invoice Presentment and Payment ) to more than 40,000 accounts in its U.S. commercial customer base. Through this agreement, Bank One will immediately expand its offering of electronic banking products to include BCE Emergis' e-Invoicing product, which gives its large corporate, middle market and net marketplace customers the ability to reap the benefits of electronic invoicing and electronic payment enabling with their trading partners. For BCE Emergis, this multi-year, million-dollar agreement will increase in value as the number of customers and the frequency with which they use the solution rises. "For BCE Emergis, this agreement with Bank One is particularly satisfying, as it is one more step in expanding our financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. business base in the U.S. It is the second large U.S. bank, in a short period of time, to move towards our electronic invoicing and payment enabling technology," said Brian Edwards, Vice-Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BCE Emergis. "It also builds on Bank One's success and experience in offering innovative, high-quality products and we look forward to working with Bank One and its customers so they can fully leverage the power of this technology." Through BCE Emergis' e-Invoicing solution, Bank One commercial customers will be able to replace labor-intensive and time-consuming activities with more efficient, real-time tools to manage their invoicing process and to respond to invoice disputes during, rather than after, the invoicing cycle. They will be able to reduce the overall cost of 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 processing and their business partners' expenditures in accounts payable processing, as well as benefit from the reduction of days' sales outstanding Days' sales outstanding Average collection period. . More specifically, commercial customers and their trading partners will be able to: -- view invoices over the Internet, -- dispute entire invoices, sections or line items, -- pay selected invoices at the web site, -- interact with a supplier's customer care and accounts receivable departments, -- view payment history, and -- download invoice and disbursement information. BCE Emergis will provide Bank One with the technology, hosting facilities and data center management services to deploy the electronic invoicing and payment enabling solution. Bank One Corporation (NYSE:ONE) is the fifth-largest bank holding company in the U.S., with assets of more than $265 billion. Bank One offers a full range of financial services to large corporate and middle market commercial customers and retail consumers. It is the largest Visa credit card issuer, the third largest bank lender to small businesses, and one of the top 25 managers of mutual funds. A leader in the retail market, Bank One operates more than 1,700 banking centers and a nationwide network of ATM's. Bank One can be found on the Internet at www.bankone.com. BCE Emergis is a premier B2B e-commerce infrastructure provider, strategically focusing on market leadership in the transaction-intensive eHealth and financial services sectors. By layering technologically advanced e-commerce services on existing Internet-based platforms, Emergis offers its customers increasing value in their e-commerce adoption and ever-increasing levels of sophisticated services. These scalable solutions electronically transform business processes, such as buying, selling, invoicing and payment, and enable companies to succeed in the web-centric, cost-driven, and highly competitive global Internet economy. BCE Emergis' customers include leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. banks and insurance companies. The Company's shares are included in the TSE 100 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". . Please visit BCE Emergis at www.emergis.com for more information on the Company. This news release contains certain forward-looking statements that reflect the current views and/or expectations of BCE Emergis with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly. |
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