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Excelergy -R- Unveils New Partner Explorer Software Product With Another Major North American Client.


Business/Technology Editors

LEXINGTON, Mass.--(BUSINESS WIRE)--Sept. 13, 2001

Newest "Open Co-action" Product Being Used to Pro-actively and

Rapidly Resolve Wholesale Settlement and Billing Questions to

Accelerate Client Cash Flows

Excelergy Corporation, the world's first provider of open co-action software products to restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics).  markets, has rapidly implemented the new Excelergy Partner Explorer(TM) software product with a major North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 client. Now commercially available, Excelergy Partner Explorer streamlines a client's operations, reduces back office costs, improves cash collections and accelerates cash flow.

"Excelergy Partner Explorer is Explorer-I, officially Satellite 1958 Alpha (and sometimes referred to as Explorer 1), was the first Earth satellite of the United States, having been launched at 10:48pm EST on January 31 (03:48 on 1 February in GMT), 1958, as part of the United States program for the  another example of how our products are delivering open co-action across the entire value chain of restructuring industries - in this case the wholesale energy market," said Bill Mahoney Bill Mahoney (born June 23, 1936 in Peterborough, Ontario) is a former Canadian ice hockey coach. He was head coach of the Minnesota North Stars from 1983 to 1985. External links
  • Bill Mahoney's career stats at The Internet Hockey Database
, chief executive officer of Excelergy. "The initial interest in this product already has been tremendous, because our clients and potential clients can see the bottom-line benefits it offers."

Excelergy Partner Explorer allows a client's billable business partners to easily investigate their own invoices, accounts and inquiries - drilling down to individual line items as desired - in real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example.  over the Internet. The interactive, 24x7 Web access component of Excelergy Partner Explorer offers a quick, efficient and secure way to access and analyze a high volume of financial transactions and billing data in precise detail. Partners can obtain, view and analyze - in multiple formats - any relevant information pertaining per·tain  
intr.v. per·tained, per·tain·ing, per·tains
1. To have reference; relate: evidence that pertains to the accident.

2.
 to their business relationships.

Excelergy's client is now using Partner Explorer to proactively review seven-figure wholesale trading partner invoices, containing thousands of transactions each, to resolve any potential issues before the bill actually is issued. With disputes `pre-resolved,' bill processing and payment have been streamlined - and collections accelerated. For Excelergy's client, the highly scalable, user-configurable product has proven capable of handling more than 30,000 transactions on a single wholesale energy trading partner invoice An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped.

A consular invoice is one used in foreign trade.
.

"One of the three core capabilities of open co-action products is what we call `actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action.

An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it.
 process oversight
For Oversight in Wikipedia, see Wikipedia:Oversight.


Oversight may refer to:
  • Government regulation — The role of an official authority in regulating a separate authority.
,' which from our client's perspective allows the system to essentially police itself in terms of errors and exceptions," added Mahoney. "Not only does it essentially eliminate the time and cost of a client's manual investigation of errors and exceptions, it allows rapid disposition of these exceptions and disputes. These improvements in settlement and billing in wholesale markets, for example, where the dollar amounts at stake are enormous, are proving indispensable to accelerating collections and improving cash flow."

Excelergy's open co-action software products combine dynamic office collaboration, straight-through automation of shared and internal business processes, and actionable process oversight to enable clients to enter new markets faster, work with trading partners more effectively, provide superior customer and partner service, and settle and bill more efficiently and accurately than their competition.

About Excelergy

Excelergy is the world's first provider of open co-action software products - putting "action" at the heart of "collaboration" - to meet restructuring market needs worldwide. Excelergy delivers open co-action through its three core product lines: Excelergy eXACT for inter-company collaboration, the Excelergy Advanced Business Package for intra-company business process management at collaboration end points, and Excelergy Energy Trading for straight-through processing straight-through processing

The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions.
 of wholesale energy business processes. These products are based on an open, object-based, Web-architected, native XML XML
 in full Extensible Markup Language.

Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations.
 technology platform. Excelergy's North American headquarters are located in Lexington, MA, with its European headquarters in Bristol, England and its Asia-Pacific operations based in Melbourne, Australia. More information is available at www.excelergy.com.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 13, 2001
Words:552
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