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Xign Corporation Recognized as Market Leader in Web Invoicing and Electronic Payments by Independent Research Firm.



New Report Cites Xign's Market Leadership Based on Solution Vision and Market Traction Traction Definition

Traction is the use of a pulling force to treat muscle and skeleton disorders.
Purpose

Traction is usually applied to the arms and legs, the neck, the backbone, or the pelvis.
 

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 Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee
consulting company

business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a
, 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 JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1.  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 de·mon·stra·ble  
adj.
1. Capable of being demonstrated or proved: demonstrable truths.

2. Obvious or apparent: demonstrable lies.
 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 according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 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 Money sent from one individual to another in the form of cash, check, or some other manner.

Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance.


REMITTANCE, comm. law.
 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 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.
 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: chris.rauen@xign.com

   Agency Contact:
   Chris Greenfield
   Project PR
   Tel: 650-233-8283
   Email: chris@projectpr.com



CONTACT: Chris Rauen of Xign Corporation, +1-925-251-4514 or chris.rauen@xign.com; or Chris Greenfield Greenfield, town (1990 pop. 18,666), seat of Franklin co., NW Mass., at the confluence of the Deerfield and Green rivers, near their junction with the Connecticut; settled 1686, set off from Deerfield and inc. 1753.  of Project PR, +1-650-233-8283 or chris@projectpr.com, for Xign Corporation

Web site: http://www.xign.com/
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Publication:PR Newswire
Geographic Code:1USA
Date:Aug 3, 2005
Words:673
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