Xign Corporation Recognized as Market Leader in Web Invoicing and Electronic Payments by Independent Research Firm.
PLEASANTON, Calif., Aug. 3 /PRNewswire/ -- Xign Corporation, the leading provider of on-demand Order to Pay software, has been recognized by PayStream Advisors, a financial automation research and consulting firm, as the market leader in invoice and payment automation. Xign is profiled in a new report titled, "Web Invoicing and Electronic Payments: Moving Beyond the Paper," which examines the rapidly growing market for solutions that leverage Internet technology to automate invoice and payment-related activities in a business- to-business environment.
Xign and its business partner JPMorgan Chase are among the vendors featured in the PayStream report. In the report, Xign is recognized as the market leader based upon solution vision and demonstrable market traction. The comprehensive report also discusses the key features and benefits of Web Invoicing & Electronic Payments and the factors shaping market evolution. According to PayStream Advisors, the number of B2B invoices delivered through a Web Invoicing solution will experience a 31.25 percent compound annual growth rate through 2010.
Xign provides a complete service for managing the electronic transmission of purchase orders, invoices, and payments across the Internet. By shifting from paper to an electronic payables process, organizations can reduce their financial settlement costs by more than 50% while greatly enhancing visibility and control for Sarbanes-Oxley compliance. By accelerating the settlement cycle, Xign optimizes working capital to the benefit of both buyers and suppliers. Xign also delivers compelling value to suppliers, including real- time transaction visibility, delivery of detailed remittance information with every electronic payment, no transaction fees, and the opportunity to get paid faster.
"There are many reasons why Xign has established a dominant position for itself in the Web Invoicing and Electronic Payments space. The strength of the functionality speaks for itself, while the Xign shared supplier network delivers more value than a mere point-to-point solution, such as a supplier portal. The shared supplier network architecture makes an enrolled supplier available to all buyers, accelerating the return on investment in Xign," according to Sush Koka, senior research analyst at PayStream Advisors. "Additionally, Xign shines in the area of dynamic discounting. Xign's discounting model delivers an additional income stream to buyers while providing a low-cost payment alternative to suppliers."
"Xign remains committed to delivering the industry's premiere electronic payables solution for the enterprise," said George Fan, Xign vice president of marketing. "We're pleased that PayStream Advisors has recognized the success of our on-demand approach in helping organizations to reduce costs and better manage working capital while enhancing control."
To access the PayStream Advisors report, "Web Invoicing and Electronic Payments: Moving Beyond Paper," visit http://www.paystreamadvisors.com/store/details.cfm?id=56. The report costs $355 to purchase.
About PayStream Advisors, Inc.
PayStream Advisors is a technology research and consulting firm that improves the way organizations plan, evaluate, and select financial automation technologies to achieve their business objectives. PayStream's services are designed to minimize risk and maximize the value associated with technology investments. PayStream Advisors assists clients in sorting through the growing complexities of IT applications related to financial automation with the goal of making objective, analytical, and actionable recommendations. Wherever financial automation technology is an issue, PayStream Advisors is there to help. For more information, call (704) 523-7357 Ext. 225 or visit us on the Web at http://www.paystreamadvisors.com/.
About Xign Corporation
Xign Corporation is the leading provider of on-demand Order to Pay software, with more than $60 billion in transactions processed, a fast growing network of more than 25,000 suppliers, and business partners that include JPMorgan Chase and MasterCard International. For more information, visit http://www.xign.com/.
Xign is a registered trademark of Xign Corporation. Company Contact: Chris Rauen Xign Corporation Tel: 925-251-4514 Email: firstname.lastname@example.org Agency Contact: Chris Greenfield Project PR Tel: 650-233-8283 Email: email@example.com
CONTACT: Chris Rauen of Xign Corporation, +1-925-251-4514 or firstname.lastname@example.org; or Chris Greenfield of Project PR, +1-650-233-8283 or email@example.com, for Xign Corporation
Web site: http://www.xign.com/
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|Date:||Aug 3, 2005|
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