Chordiant Launches Collections Manager 2.0.

As Debt Balances Rise and Overwhelm Global Brands, New Solution Helps Enterprises Collect Funds Yet Preserve a Positive Customer Experience

CUPERTINO, Calif. -- Chordiant Software, Inc. (Nasdaq:CHRD), the leading provider of Customer Experience (Cx[TM]) software and services, today announced Collections Manager 2.0, an innovative solution for high-volume customer interaction organizations that makes the collections process as positive and profitable as possible. Chordiant Collections Manager is the latest offering in the family of applications Chordiant delivers that help global brands manage complex customer processes.

Collections is frequently seen as a negative, thankless role that damages the customer relationship. It can also be one of the key moments that binds enduring customer loyalty. Understanding the value of the customer and their track record can ensure an appropriate response. Chordiant Collections Manager 2.0 combines customer, account, third-party and interaction data from multiple channels with real-time predictive decisioning to allow agents to resolve delinquencies while optimizing customer relationships. It helps to reduce collections cycles, eliminate blind dialer calls, and minimize the potentially negative treatment of profitable customers. With Chordiant Collections Manager, global brands can minimize losses and support good customers through difficult financial times, producing a positive, on-going and optimized customer revenue stream.

In an April 2008 TowerGroup report, entitled "Best Practices in Automotive Finance Collections," Bobbie Britting, senior analyst for consumer lending, noted: "Maintaining the status quo in collections practices is not an option today. Change and action are mandatory for lenders to survive current market conditions that are swamping them with collections volume. Lenders need to challenge their past practices and update strategies, rethinking people, process, and technology in the collection areas. Lenders must adapt to today's customers and technology. ... and analytics can improve early-stage collections recovery efforts by helping determine the best treatment for each customer. Tools ranging from generic collection models to optimization treatments will enhance performance in any category."

Chordiant Collections Manager 2.0 guides agent conversations in real-time to create the most positive possible interactions. It aligns the most appropriate Next-Best-Action[TM] to determine steps best suited to the specific needs of a customer and the specific goals and objectives of the organization. Chordiant Collections Manager enables service providers to treat each customer as a "segment of one," delivered across multiple channels, be it online, via a call center or in person. The next-generation decision-based automation in turn helps companies manage an overwhelming problem: the sheer scope of outstanding debt. This rapidly rising scope has outstripped the viability of older, legacy-based collections solutions.

A recent BusinessWeek article stated, "The U.S. now has more than 6,000 debt collection companies, according to Kaulkin Ginsberg, a Maryland-based market research firm. And the Federal Reserve indicated the consumer credit industry has increased from $133.7 billion of consumer debt obligations in 1970 to $2.5 trillion of consumer debt obligations in November, 2007, a compound annual growth rate of 8.2%. The Kaulkin Ginsberg report states the amount of outstanding revolving and non-revolving consumer credit increased at a compound annual growth rate of 6.4% from $1.3 trillion in June, 1997, to $2.5 trillion in June, 2007."

The Chordiant Collections Manager application provides all of the core collections functionality for multiple industries including "champion challenger" processing, dialer integration, graphical business process management, promise processing, real-time metrics, process automation and queue prioritization. In addition to these core capabilities, Collections Manager differentiates itself from the market through the use of a sixth generation SOA architecture, real-time decisioning, intelligent dialog driven to the GUI based on the customer and treatment, as well as automated adaptive learning.

"The collections market still relies on the major analytics providers to be involved in scoring and maintaining scorecards," said Steven R. Springsteel, chairman, president and CEO of Chordiant Software. "Chordiant differentiates itself by providing applications that learn about customers as they go through the process and use that knowledge in how the application will treat the next customer in the process. In this way, the application provides a full understanding of how and why a treatment was successful and can predict if it will be successful in other customer segments. Collections Manager has garnered significant interest from our customer base, as they understand the value this interaction can bring to the customer experience they deliver. The collaborative development with some of our key users also ensures a market-ready offering and adds to our growing portfolio of solutions for delivering high quality customer experiences."

About Chordiant Software, Inc.

Chordiant helps leading global brands with high-volume customer service needs deliver the best possible customer experience. Unlike traditional business applications, Chordiant Customer Experience (Cx) front-office solutions blend multi-channel interaction management with predictive desktop decisioning, enabling companies to capture and effectively anticipate and respond to customer behavior in all channels, in real-time. For global leaders in insurance/healthcare, telecommunications and financial services, this deeper understanding cultivates a lasting, one-to-one relationship that aligns the most appropriate value proposition to each consumer. With Chordiant Cx solutions, customer loyalty, operational productivity and profitability reach new levels of return. For more information, visit Chordiant at www.chordiant.com.

Safe Harbor Statement

This news release includes "forward-looking statements" that are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. Forward-looking statements in this release are generally identified by words, such as "believes," "anticipates," "plans," "expects," "will," "would," "guidance," "projects" and similar expressions which are intended to identify forward-looking statements. There are a number of important factors that could cause the results of Chordiant to differ materially from those indicated by these forward-looking statements. Other risks relating to Chordiant's products are detailed under "Risk Factors" in Chordiant's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2008.

These filings are available on a Web site maintained by the Securities and Exchange Commission at http://www.sec.gov. Chordiant does not undertake an obligation to update forward-looking or other statements in this release.

Chordiant and the Chordiant logo are registered trademarks of Chordiant Software, Inc. The Customer Experience Company and Cx are trademarks of Chordiant Software, Inc. All other trademarks and registered trademarks are the properties of their respective owners.