Financial Professionals Have Enhanced Working Capital Management Capabilities With New Financial Web Portal.

Business Editors/Hi-Tech Writers

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Jan. 7, 2002

--XRT Offers New, Cost-effective, Web-based Financial Portal to

Maximize Financial Intelligence--

XRT, Inc., the secure financial flow architect, today announced the release of its new web-based financial portal.

XRT's new financial portal is an easy-to-use, web-based application designed to bring together key pieces of information in a decision support platform.

By combining information from business applications, and Internet pages with the workflow based tools of XRT's integrated suite of treasury management applications, corporations now have the ability to increase speed, efficiency and effectiveness of critical financial decisions.

"The development of a web-based financial portal is a natural progression for XRT," said Gary Cassis, CEO for XRT, Inc. "This release is indicative of our mission to provide corporations with software applications that deliver strategic bottom-line advantage by enabling collaboration within a financial value chain model."

XRT's new web-based financial portal delivers several cost-effective benefits by:

-- Providing the capability to connect centralized and decentralized financial
operations or shared service centers onto one common platform.

-- Offering an extension of in-house banking business models to minimize
transaction and borrowing costs

-- Increasing efficiency between subsidiaries and business partners by acting
as a "publisher" of corporate financial information

-- Enabling straight through processing of transactions with workflow based
mechanisms that eliminate inefficient paper processes.

-- Providing a secure, controlled, yet convenient way of accessing key
performance information

According to Bill Luehrmann, director of treasury services for Occidental Petroleum Corporation (Oxy), one of the primary reasons Oxy selected XRT as its treasury workstation provider is XRT's vision of using a web-based financial portal for collection and dissemination of information in a centralized treasury operation for a company with multinational operations.

"XRT's financial portal allows Oxy to provide bank account activity information to domestic, Canadian, South American, Middle-Eastern and Asian operating groups," he said. "Once we have the ability to provide password maintenance to our international users, we will have them enter their wire transfer and foreign exchange requests via the financial portal."

Luehrmann adds that XRT's web-based financial portal centralizes cash flow management and control while allowing operating groups to have more autonomy in running their business.

"E-mail and faxed wire transfer requests to our corporate headquarters in Los Angeles are eliminated and transactions are entered directly into the financial portal, which then interfaces directly with our bank's wire transfer operations," he said. "This feature eliminates any chance of keying or encoding errors by intermediaries."

XRT's web-based financial portal provides core collaborative cash, treasury and banking relationship functions designed to enable efficient transaction and request initiation via remote users. This new feature also provides user managed portal frames to effectively provide web links to other applications and web pages.

The application's message board provides notification of relevant publications and information postings.

"Offering this type of functionality further demonstrates our commitment to provide tools for streamlining financial operations," said Eric Newberg, product manager for XRT, Inc. "By providing an organization with pure web-enabled, remote access to its multiple treasury centers, this new financial portal maximizes information flow and reduces deployment costs."

About XRT

XRT (Euronext Paris, Euroclear 5458), the secure financial flow architect provides financial executives and treasurers with truly global solutions for controlling financial risks and optimizing cash flows.

Financial executives are nowadays faced with the development of "collaborative commerce", a new form of exchange based on electronic transactions. In this new context, reliability and high security are of the essence. To meet the need for complete security, XRT offers Internet applications servers allowing global solutions.

XRT "Collaborative Treasury Management" solution offers a comprehensive financial architecture. It ensures the complete protection of ERP and financial control applications, while complying with the FAS 133/IAS 39 standard and the international banking environment.

XRT has formed strategic alliances with key players such as Citrix, IBM, Intel, Microsoft, Oracle, Pervasive software, Sybase... with world-renowned software editors such as JD Edwards, Lawson Software, Navision Damgaard, Peoplesoft, SAP... and with banking partners such as BNP-Paribas, Chase, Commerzbank, Credit Agricole-Indosuez, Caixa Geral de depositos, Fortis, HSBC-CCF, Natexis-Banques Populaires... XRT is a member of TWIST, the Treasury Workstation Integration Standards Team. These partnerships, combined with XRT international presence in 55 countries and its high level of expertise, has enabled the Company to help over 10,000 clients.

XRT was founded in 1983 as CERG Finance. The Company generated EUR 41.6 million in revenue in 2000 with a staff of 400 people. For more information: www.xrt.com