Press Release

November 20, 2007, McLean, VA — Corcentric, a leading accounting solutions provider for the transportation industry, recently unveiled its new Website at www.corcentric.com. The new Corcentric Website has been redesigned to allow current and prospective customers the opportunity to explore the tremendous benefits of electronically managing their accounts payable and accounts receivable processes.

“The goal was to educate companies in the transportation industry about how accounting processes can be improved to gain efficiency and reduce costs,” said Dave Lindeen, Vice President of Sales for Corcentric.  “We recently launched our Electronic Invoice Presentment and Payment (EIPP) solution which allows companies to transform 100% of their paper-based processes to an electronic process with the result being substantial operational improvements and cost reductions in AP, AR, procurement, and treasury.”

On average, 86% of invoices are still printed on paper (source: Gartner Group) and only 20% of companies have done a formal study of accounts payable costs. (source: IOMA research)
http://www.corcentric.com/Resources/Facts-Figures.aspx Companies utilizing Corcentric benefit from reduced processing costs, reduced errors and exception, reduced invoicing costs, increased cash discounts, increased collections, improved customer service, and improved liquidity.  http://www.corcentric.com/Value/Value.aspx.

About Corcentric
Since 1998, Corcentric has provided companies in the transportation industry total solutions to electronically manage 100% of their invoice data, disputes, approvals, payment disbursement, and payment reconciliation processes. The result is significant cost reduction and increased efficiency across supply management, accounts payable, accounts receivable, and corporate treasury functions.

For more information on Corcentric, please contact Dave Lindeen, Vice President, Sales at (630) 925-7677, e-mail dlindeen@corcentric.com, or visit the Website at www.corcentric.com.