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Fidesic Broadens Reach to Microsoft Great Plains Partners and Customers by Adding Solomon Module

Bellevue, WA — 3/13/2002 Fidesic, a premier provider of Electronic Invoicing and Payments (EIP) solutions, today announced the eInvoice and ePay Module 2.0 for Microsoft™ Great Plains™ Solomon IV Release 4.50, further extending the company's reach into the midmarket. The announcement was made today at Convergence 2002, a four-day international conference for Microsoft Great Plains' customers. Expanding on its Solutions Partner Program, Fidesic has enlisted Microsoft Great Plains' partner, Select Systems, to co-develop the module that integrates Fidesic's EIP solution into Solomon IV. The eInvoice and ePay module enables Microsoft Great Plains' partners and customers to send, receive and reconcile electronic invoices and payments, leveraging companies' investments in their existing accounting solutions.

In addition to Select Systems, Fidesic has also signed on two new partners to its channel network: AKA eSolutions and Remington Consulting. The goal of the Fidesic Solutions Partner Program is to help midmarket companies realize cost-savings and improved cash flow by employing a proven EIP solution coupled with support from local, qualified EIP professionals.

"In using Fidesic's services, we believe our customers can improve the visibility of their cash flow as well as reduce administrative overhead in the invoicing and payments process," said Dawn Crew, Principle of Select Systems. "There are a number of other firms out there who do various aspects of EIP. We feel that the best option for our customers is to provide all of the pieces from one vendor. Why install four separate applications when one does it all?"

Fidesic provides customers with a complete solution across the payment life cycle, including invoice presentment, workflow, approval management, payment delivery and accounting reconciliation. Because the Fidesic eInvoice and ePay module is deeply integrated into the accounting solution, customers can immediately realize the benefits of EIP without changing the way they work.

"Select Systems has a track record of delivering quality solutions to Solomon customers," said Naseem Tuffaha, CEO of Fidesic. "We are excited to partner with Select Systems to leverage their expertise and bring best-of-breed EIP capabilities to Solomon customers and value-added resellers."

Microsoft Great Plains Solomon IV Release 4.50 is a comprehensive suite of business management and e-business applications for midmarket companies, enabling customers to operate their businesses from end-to-end more productively and economically. Solomon IV provides an affordable and easy-to-implement solution to vertically targeted markets, including business and management services, manufacturing, wholesale trade and other service-related fields.

"By integrating Fidesic's EIP solution with Solomon's Sales Order Processing and Inventory Management components, our customers are able to make their financial supply-chain as efficient as their product supply-chain," said Eric de Jager, Group Product Manager of Microsoft Great Plains Business Solutions. "We are pleased to have an EIP solution that spans all of Microsoft Great Plains midmarket and medium enterprise business solutions, Solomon, Dynamics and eEnterprise."

About Fidesic Corporation

Fidesic, headquartered in Bellevue, WA, is the leading provider of payables, receivables and payment financial process automation for the mid-market. Fidesic seamlessly integrates with financial systems to automate all aspects of the day-to-day payables, receivables and payment processes, including invoice receipt and generation, approval, and paper, credit card and electronic payment. Fidesic's real-time solution, which involves all appropriate parties to the process, enhances and streamlines the employee and customer/vendor experience.

Using Fidesic, businesses reduce costs, improve customer service and vendor relations, increase working capital, gain greater financial visibility, make better financial decisions, and focus their employees. Fidesic was designated a "Best of the Web" service in the leading financial industry publication, Online Banking Report.

For more information on the company and its products and services, call 866-572-9669 or visit the Web site at www.fidesic.com.


Posted on Wednesday, March 13, 2002
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