Bayer Corp. Taps eCredit.com to Provide Strategic Credit and Collections Solution; Solution Complements Bayer's SAP R/3 Implementation.

WESTWOOD, Mass.--(BUSINESS WIRE)--July 12, 1999--

eCredit.com today announced Bayer Corp., a subsidiary of Bayer AG, has selected its enterprise credit and collections software to transform its internal accounting operation into a strategic business process. The solution will enable Bayer to combine sophisticated business process automation technology with Internet capabilities to improve processing of high-value credit transactions. The eCredit.com applications will be tightly integrated with Bayer's SAP R/3 Financial software, leveraging financial information across the enterprise.

"eCredit.com's credit and collection solution provides us with a functionally rich software platform that complements our SAP solution and enables us to create a fully automated credit/order review and collection process," said Don Campbell, director of credit at Bayer Corp. "By automating our decision processes, we can isolate the exceptions. With robust tools for reporting, portfolio analysis and collections effectiveness, we can focus our attention on strengthening our customer relationships, and reducing operational costs and risk while developing best practices."

"In today's competitive business landscape, the focus is on growing the business and effectively managing working capital," said Susan Hickey, senior vice president, marketing at eCredit.com. "Leveraging our eCredit.com software, companies can achieve tremendous results, such as overhead and headcount reductions, better cash flow and forecasting, increased productivity and improved customer service. Organizations, such as Bayer, understand they can effectively lower the cost of the financial transaction by utilizing advanced solutions to adopt industry best practices."

Bayer will deploy eCredit.com's Corporate Credit Expert and Corporate Collections Expert software. With Corporate Credit Expert, Bayer will be able to automate its credit decision process, enabling fast, consistent decisions and efficiently processing high volumes of transactions. The software will help Bayer:

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--   automate the order-to-cash process including the credit decision
     process;

--   provides Internet capabilities to better service customers;

--   gain invaluable insights into the customer base through portfolio
     analysis; and

--   process more transactions with the same or fewer resources.

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Corporate Collections Expert software automates and streamlines the collections process, helping organizations improve cash flow and, when necessary, reduce days sales outstanding (DSO). The application will provide Bayer collections personnel with easy-to-use collector productivity tools that integrate with Microsoft Office, as well as robust performance measurement, workload balancing and analytical tools to measure collections efficiency. Using Corporate Collections Expert, companies can:

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--   drastically improve collector's productivity by automating
     repetitive tasks with built-in fax, scheduling and e-mail
     capabilities;

--   manage disputes and deductions to resolution quickly;

--   provide collections management with powerful capabilities such as
     rule-based collections strategies;

--   provide senior management with critical cash flow information to
     help improve cash flow forecasting;

--   help senior management improve workload; and

--   implement best practice processes to improve receivables
     management and customer service levels.

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eCredit.com software includes pre-defined SAP R/3 application interfaces that make it easy to integrate advanced credit and collections capabilities with enterprise financial applications. These capabilities allow companies to improve the management of their receivables portfolio, drastically improve cash flow and provide e-commerce solutions for business-to-business customer relationships.

About eCredit.com

eCredit.com, Inc. pioneered and now leads the market for advanced credit and collections software solutions and services. eCredit.com accelerates the order-to-cash process, automates financing and enables Internet commerce for companies involved in manufacturing, diversified financial services and leasing. Included among the company's customer base are market leaders such as Microsoft, Weyerhaeuser, Intel, Cisco, Armstrong, Procter & Gamble, Chevron, Cargill, Mercedes-Benz Credit and Fleet Leasing. eCredit.com is a privately held with headquarters in Westwood, Mass. Investors include Battery Ventures, Information Partners, Enterprise Associates and Draper International. For additional information, visit eCredit.com on the Web at http://www.ecredit.com.